ICICI Prudential Pension Funds Management Company Limited

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...

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...