InvestorQ : Who should subscribe to the National Pension Scheme?
Suhani Mirza made post

Who should subscribe to the National Pension Scheme?

Pratik vyas answered.
1 year ago

The National Pension Scheme is a voluntary and long-term investment plan for those who want to create their retirement corpus.

As it is a voluntary social security instrument, the pension scheme encourages people to invest in a pension account at regular intervals during the course of their employment. This will help create a corpus from which subscribers can withdraw certain percentage of their contribution to aid in their retirement.

Once the individual retires, he/she will receive the remaining amount as monthly pension.

Thus, any individual, especially one who works in the private sector, who wants to have an easy retired life without having to compromise on his/her lifestyle should think of investing in the National Pension Scheme.