The National Pension Scheme (NPS) is a voluntary, defined-contribution retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and open to all Indian citizens aged 18 to 70 — including employees of the central and state governments (for whom it is mandatory for post-2004 recruits) and private sector employees and self-employed individuals. Under NPS, subscribers contribute regularly to a pension account (PRAN — Permanent Retirement Account Number), with funds invested across equity (up to 75% for Tier I), corporate bonds, and government securities through registered pension fund managers. NPS offers significant tax advantages: contributions up to ₹1.5 lakh qualify under Section 80C, and an additional ₹50,000 deduction is available under Section 80CCD(1B) — one of the few instruments providing a total tax deduction of up to ₹2 lakh. At retirement (age 60), at least 40% of the corpus must be used to purchase an annuity, providing lifelong income. For long-term investors on Ventura Securities, NPS is an essential retirement planning tool that complements equity portfolio building with tax-efficient, structured retirement corpus accumulation.
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