NPS or National Pension System is a retirement product in India. Are tax benefits the only reason to invest in NPS? In this video, we'll thoroughly decode NPS, exploring its pros and cons and find the best retirement product.

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We'll also navigate through Tier 1 and Tier 2 accounts in NPS, discussing their eligibility criteria, lock-in periods, contribution limits. We'll explore the diverse investment options within NPS, including Active Choice and Auto Choice.
Additionally, we'll examine the tax benefits of NPS under both old and new tax regimes, encompassing deductions under sections 80CCD(1), 80CCD(1B), and 80CCD(2). Furthermore, we'll understand the rules regarding withdrawal of NPS corpus.

00:00- Intro
00:49- What is NPS?
01:40- Types of Account
03:25- Investments options under NPS
03:58- Investments in 4 Categories
04:26- Active Choice
05:06- Auto choice
06:53- Amount received on Maturity
08:20- NPS Pension Calculation
13:55- Withdrawal rules in NPS
15:21 Tax on NPS
18:41- New Regulations
19:18- charges in NPS


About the Video
NPS or National pension system, a pension scheme regulated by PFRDA (Pension Fund Regulatory & Development Authority), launched by the Government of India in 2004. NPS can help save tax and also to get a regular pension after retirement. Learn about Tier 1 and Tier 2 accounts, their eligibility criteria, lock-in periods, minimum contributions, maximum limits and tax benefits. Explore the investment options under NPS, including Active Choice and Auto Choice, offered by top Pension Fund Managers like Birla Sunlife, HDFC, ICICI Prudential, and more. Understand the tax benefits of NPS under both old and new tax regimes, including tax deductions under sections 80CCD (1), 80CCD(1B), and 80CCD(2). Join us as we explore NPS, India's top pension scheme, to boost your retirement planning and financial security. Don't miss this chance to stay informed and ahead in your financial journey.

In this video, we’ll cover the following concepts:
1.What is NPS or national pension scheme?
2. How to invest in the national pension scheme?
3. What is PRAN number and what is the full form of PRAN?
4. What are the eligibility rules for opening a national pension scheme?
5. What are the tax benefits of the national pension scheme under Section 80C?
6. What are the charges involved in opening an NPS account?
7. What are the rules of withdrawal from NPS?
8. What is an Active choice and Auto choice under NPS?
9. Which is better Tier 1 vs Tier 2?
10. What is the total corpus we get on maturity from NPS?
11. What are the benefits of NPS for retirement planning?
12. What are the investment options available under NPS?
13. Which is the best retirement product?
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