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Glossary
National Pension Scheme (NPS) : A government-sponsored pension scheme in India that allows individuals to invest in equity and debt to build a retirement corpus
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What are Pension Plans and What are the Different Types of Pension Plans?
National Pension Scheme (NPS): The NPS scheme allows people to prepare for retirement by saving in the stock and bond markets, depending on their preferences. 60 percent of the funds will be withheld at maturity, and the remaining 40 percent must be used to buy an annuity contract.