1 July 2025
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The National Pension System (NPS) is a voluntary, defined contribution pension vehicle that provides market-linked returns. NPS, regulated by the Pension Fund Regulatory and Development Authority (PFRDA), pays up to 60 per cent as lump sum after retirement and invests 40 per cent in annuities that pay regular pension. Any Indian citizen aged 18-65 years can open an NPS account.
