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National Pension System ( NPS ) is a defined contribution pension. NPS is voluntary for subscription by an individual to make contributions to his/her Individual Pension Account during the working life for creating a pension corpus from which regular income will be generated after retirement / working age. NPS is mandatory for the Central Government recruits w.e.f. 1st Jan 2004 (except armed forces) which replaced the earlier defined benefit pension and has been subsequently adopted by almost ... Register for NPS online with Protean eNPS. Start your retirement planning with ease and enjoy tax benefits every year. Learn about NPS contribution , a market-linked investment instrument for retirement income. Compare NPS Tier 1 and Tier 2 accounts, offline and online contribution methods, and tax benefits. As per PFRDA guidelines, contribution payment in NPS Tier II A/c through Credit Card is not permitted. Use other modes of payment such as Net Banking/ Debit Card / UPI for contributing in Tier II.
