In the previous two posts on NPS, we covered two questions about whether NPS provides assured returns and how some investors overestimate their tax benefits. In this post, let’s understand the withdrawal rules as currently applicable to NPS. NPS maturity typically takes place at 60 years of age. This is also called normal superannuation. In […]
NPS – Does it provide assured returns?
NPS is a retirement product and hence there are investors who feel that it offers an assured return much like its counterparts PPF and EPF. Sadly that is not the case. On the contrary, an investment in NPS is pretty much similar to a mutual fund. When you open your NPS account, there are various types […]
NPS – Are you overestimating the tax benefit?
NPS or National Pension Scheme is emerging as one of the favourite tax saving options for investors. Under the Income Tax savings options, there is a special benefit provided for investments made in NPS. For additional investments upto Rs. 50,000 under Sec 80 (CCD), there is no tax applicable. This is over and above the section 80C […]