Bachat Yojana | Insurance Details

The National Pension System (NPS) is great for retirement and tax savings because:

Long-term Retirement Benefits: It provides a regular income post-retirement, ensuring financial security.
Tax Benefits: NPS offers tax deductions under Section 80C and an additional Rs. 50,000 under Section 80CCD(1B), lowering your taxable income.
Low-Cost Structure: It has low management fees, which means more of your money goes into investments.
Flexible Investment Choices: You can choose from various asset classes (equity, government bonds, etc.) based on your risk appetite.
Partial Withdrawal Option: You can make partial withdrawals for emergencies after a certain period.

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