NPS (National Pension System)

byPaytm Editorial TeamLast Updated: November 14, 2025

Full Form & Meaning

Full form: National Pension System.

NPS is a government-backed retirement savings plan that allows individuals to invest during their working years and get regular income after retirement.

Features

  • Open to all citizens aged 18–70.
  • Offers tax benefits under Section 80C.
  • Managed by PFRDA.

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