The National Pension System (NPS) scheme was introduced by the Central Government for its employees from 1 January 2004. However, the scheme was made available for all Indian citizens with effect from 1 May 2009. All operations of the NPS scheme are handled by the Pension Fund Regulatory and Development Authority (PFRDA). The main objectives of the scheme are mentioned below:
Government-run savings schemes are some of the safest investment options in India. These instruments come with little to no risk and earn steady returns. From the time they were introduced, traditional investment instruments have been the go-to option for most Indian investors due to the low-risk and guaranteed returns that they offer.
Future is a sketchy development. One can’t envision what’s to come. For uncertain future and any budgetary crisis event, investment funds remains the call of the day. In fundamental term reserve funds means a few sorts of money held for the explanations behind surprising expenses.
Financialy savings means a storage of cash put by as a reserved for the future expenses. In Savings we can incorporate the piece of a typical man pay that isn’t spent for costs.
Assets is the principal part in the ordinary individual consistently life. With the help of speculation subsidizes one can without a lot of a stretch face the future questionable issues. Saving is the security of money.