Secure Your Retirement with 10X's National Pension Scheme
10X team brings to the table sovereign Gold bond and National pension scheme for the partner Banks National Pension System (NPS) is an investment-cum-pension scheme to provide old age pension to Indian citizens. The NPS was rolled out on May 01, 2009 by Government of India. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). The scheme is based on a unique Permanent Retirement Account Number (PRAN), which is allotted to each Subscriber upon joining. Subscriber contributes towards NPS and on retirement or exit from the scheme; the corpus is made available to her with the mandate that some portion of the corpus must be invested into Annuity (to provide a monthly pension, post retirement or exit from the scheme). Best options For : Save upto ₹15,480 in taxes under section 80CCD of the Income Tax Act. Build a retirement corpus of ₹1.5 cr in 30 years with an investment as low as ₹50,000 a year.
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