The NPS or National Pension Scheme, is a market-linked defined contribution plan that helps you save for retirement. NPS is one of the most effective schemes to increase your retirement income while saving taxes.
Any citizen of India (both resident and non-resident) in the age group of 18-70 years (as of the date of submission of NPS application) can join NPS.
No, one person can only open one NPS account, as per the government rules.
Yes, an individual can have one account in NPS and another in Atal Pension Yojana.
The pension system, named after former Prime Minister Atal Bihari Vajpayee, provides social security to workers in the unorganised sector.