The pension scheme offered by the government of India known as the National Pension Scheme (NPS) is a voluntary contribution to the retirement savings designed to offer the subscribers a systematic saving after their job life. The NPS seeks to commence systematic saving after retirement among the senior citizens, as regulated by the Pension Fund Regulatory & Development Authority (PFRDA), which manage all the operations of NPS.
Interest rates offered by NPS
It is a known fact that under the NPS, subscriber’s money is invested into a number of investment options. Moreover, the pension scheme does not offer a particular fixed interest rate. But generally, NPS schemes can earn a subscriber somewhere around 12-14 percent interest, which is still a lot more than other investment options.
NPS offers a number of investment options and the choice of Pension Fund Manager for planning the growth of your investments in a logical manner that will help you see your money grow, as stated on pfrda.org.in. A person can switch from one investment option to another or from one fund manager to another subject to some regulatory restrictions. The returns on NPS are completely depended on the market rates.