NPS: What are the best options available for the National Pension Scheme?

One of the most popular retirement benefits schemes launched by the Central government, the National Pension Scheme (NPS) is retirement benefit plan. Through this scheme, individuals employed in both the public and private sectors can invest in low-risk equity funds or securities for good returns and to build a corpus fund for post-retirement needs. Investing in NPS (both Tier-I and Tier-II accounts) also provides an edge over fixed-income plans as it allows subscribers to avail tax benefits of up to Rs 2,00,000 lakh annually under Section 80C and Section 80CCD of the Income Tax Act, 1961. 

What are the benefits of the NPS?

A subscriber can add money to the NPS any time in a financial year. The scheme is flexible and allows individuals to choose their own investment amount. The NPS scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

Investors can make premature withdrawals under certain condition, despite the scheme having a lock-in period till the investor reaches the age of 60 years. If you are looking for the best NPS schemes to invest in for your retirement plans, there are a few options.

Best NPS Schemes in 2023

The following schemes are among the top-performing pension funds in the country. Here are the returns they offer in 1, 3 and 5 years period.

Based on the provided details, you can make a comparison between the plans and pick the appropriate NPS plan, as per your needs.