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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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Secure Your Retirement with Guaranteed Income Plans
National Pension Scheme (NPS): NPS is a voluntary, government-backed retirement savings scheme for salaried and self-employed individuals. It allows you to contribute regularly to a pension account that is invested in a mix of equity, government bonds, and corporate debt. The scheme offers tax benefits under Section 80C and 80CCD(1B). At retirement, you can withdraw a part of the corpus and use the rest to buy an annuity.