What is a NPS Account? NPS stands for National Pension System. It was formed in the year 1999 by the Government of India to help people save money in a systematic way to use after their retirement. It is a voluntary entity which is defined contribution retirement savings scheme. It works in order to protect the volunteers that subscribed to the scheme/system by giving them higher returns and higher interest. Types of National Pension Scheme funds There are 3 types of NPS funds out of which the volunteer subscriber can choose from; they are as follows: ➢ Government securities ➢ Equities ➢ Corporate funds Why is it good to invest into National Pension Scheme? • Unbelievable Tax Exemptions Under the national pension system, the subscriber is subject to a lot of tax benefits and tax deduction through the sections in the Income Tax Act in India. Here ...