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National Pension System (NPS)
The National Pension System (NPS) is a government-backed retirement savings scheme designed to secure your future by allowing you to contribute regularly during your working years. Upon retirement, you receive a portion of the accumulated corpus as a lump sum, while the remainder is used to provide you with a regular pension.
Why Retirement Planning is Important
Retirement planning is crucial to ensure that you maintain your standard of living after you stop working.