The National Pension System (NPS) is a voluntary retirement savings scheme available to all Indian citizens, but mandatory for central government employees who joined service after January 1, 2004. It's designed to offer financial security to individuals during their retirement and encourages them to invest a portion of their income regularly.
One of its key features is portability, allowing subscribers to transfer their funds and continue investing even if they change jobs or locations. The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
