National Pension System: Key features to know before opening an NPS account
By Ankit Agarwal
National Pension System (NPS) has become one of the most popular retirement saving tools among the investing community. No wonder, NPS has crossed a milestone figure of over 1,43,90,544 subscribers and has more than Rs. 6.9 Lakh Crore worth of Asset Under Management (AUM) respectively.
Certain new NPS rules have been notified recently and have allowed the NPS subscriber to withdraw the entire corpus on maturity, subject to conditions. At present, a person can withdraw up to 60 percent of the amount accumulated in the account while the remaining 40 percent is used to purchase an annuity plan.
NPS works out to be a good substitute for EPF (Employee Provident Fund) which comes with an additional tax benefit. Following are the tax
Read more on financialexpress.com
