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Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,25,484.820.52%H ₹1,26,070.47 · L ₹1,25,359.11|Silver Intl (1kg)₹1,81,596.551.56%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,044.033.43%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,8810.66%H $64,090.86 · L $63,671.14|Ethereum$1,810.90.65%H $1,816.76 · L $1,805.04|Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,25,484.820.52%H ₹1,26,070.47 · L ₹1,25,359.11|Silver Intl (1kg)₹1,81,596.551.56%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,044.033.43%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,8810.66%H $64,090.86 · L $63,671.14|Ethereum$1,810.90.65%H $1,816.76 · L $1,805.04|

National Pension System (NPS)

A government retirement savings scheme with extra tax benefits.

Definition

The National Pension System (NPS) is a voluntary, long-term retirement savings scheme regulated by the PFRDA. It invests in a mix of equity, corporate and government bonds, and offers an additional ₹50,000 tax deduction under Section 80CCD(1B), over and above the 80C limit.

Example

Beyond the ₹1.5 lakh 80C limit, an extra ₹50,000 into NPS can save up to ₹15,600 more in tax at the 30% slab.

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