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NPS: The road to stress-free retirement starts here!

Retirement isn’t about slowing down—it’s about having the financial freedom to live life on your terms.   And the key to making that happen is the National Pension System (NPS). NPS ensures that your golden years are just that—golden, regardless of whether you are an independent investor or part of a corporate structure. Retail NPS Model vs. Corporate National Pension Scheme: Choose your path The Retail NPS Model is your best option if you prefer complete control over your investments. Without the intervention of an employer, anyone can join, invest at their own pace, and build a robust retirement fund. On the flip side, the Corporate National Pension Scheme is a sweet deal for employees.  Your employer’s contribution reduces your taxable income and supports you in growing your pension pot faster.   How much tax can you save? ·        You can claim up to ₹1.5 lakh under 80CCE. ·        80CCD(1B) giv...
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Investing in NPS or PPF: Which is better for building your retirement corpus?

In India, when it comes to securing a financially stable retirement plan, the National Pension System (NPS) and the Public Provident Fund (PPF) are the two most popular options. But the real dilemma is which one truly helps you build a stronger retirement corpus for the future? Let's make it easy for you to understand these options better. Understanding NPS and its benefits? The National Pension System is regulated by PFRDA, designed to provide financial security for all post-retirement. It offers multiple benefits like market-linked returns, tax savings, and flexibility to choose the fund manager offering fund managing services. One of the biggest advantages of NPS is tax benefits with deductions of up to ₹ 1.5 lakh under section 80CCD (1) and an additional ₹ 50,000 under section 80CCD (1B). How is NPS better than PPF? The Public Provident Fund (PPF) is a long-term savings scheme backed by the government, offering guaranteed returns (interest rate currently around 7.1%) an...
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Plan for Tomorrow, Today with NPS from ICICI Prudential PFM: Open an NPS Account for Just ₹500

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Food for thought. Your financial future is in your hands. Making the right decision about your retirement planning doesn’t need to be complicated, especially with the National Pension System (NPS) by ICICI Prudential PFM. This plan is designed to provide a safe and flexible Contribution Retirement Savings Scheme, as your gateway to financial security. Let's dive into it to explore why NPS is your ideal choice for a stable and secure retirement in the golden years. What’s the Minimum Contribution to Open an NPS Account? The NPS pension scheme is accessible to everyone, whether you're employed, self-employed or even at the beginning of your career. Anyone can save for their future under this Retail NPS Model . Opening a Tier I account requires only a minimum contribution of ₹500 to start your NPS journey, while the optional Tier II account needs just ₹1000. The best thing about this Contribution Retirement Savings Scheme is that you can invest in your future without breaking the ...
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NPS Vatsalya Scheme: A Prudent Beginning for Your Children’s Financial Future

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As a parent, safeguarding your child's financial future is one of the most precious gifts you can give them. Owing to constant rise in costs and financial ambiguities, it becomes more decisive than ever to start planning early. To streamline this process, the Indian government presented the NPS Vatsalya Scheme in the Union Budget 2024. Launched on 18 September 2024, this one-of-a-kind initiative under the Retail NPS Model is devised for children under 18 with the ambition to help them build a sturdy financial base for later life.    Advantages of the NPS Vatsalya Scheme The NPS Vatsalya Scheme governed by the Pension Fund Regulatory and Development Authority (PFRDA), brings you a host of benefits conceived to meet the financial needs of the children. It lets parents or guardians to build a long-term corpus, providing financial security for their child's future.  Here are some key benefits of the scheme making it the smart choice.    1. Long-term financial security – The disti...
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National Pension System (NPS) is Your Financial Security for a Trouble-free Future

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When you are young, your mind is occupied with the novelty of parenthood, exhilarating career opportunities, growing affiliations, and more. While you wish to explore more, achieve more and do more, retirement planning should be your top priority. Because in today’s fast-paced world full of uncertainties, realizing the significance of retirement planning at the right time is important to celebrate those golden years. A trusted program, the National Pension System (NPS) is conceptualized to offer financial security in your golden years. NPS provides impressive long-term savings options for all – from children to housewives, youth to working class - to   safeguard their post-retirement life without monetary concerns.  Why NPS is a Preferred Choice For All A voluntary and appropriate pension scheme accessible to all inhabitants of India between the ages of 18 and 70, it grants you to systematically save and grow your retirement corpus over time. Regulated by the Pension Fund...
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