{"id":5042,"date":"2024-08-17T15:43:48","date_gmt":"2024-08-17T10:13:48","guid":{"rendered":"https:\/\/www.saralstudy.com\/blog\/?p=5042"},"modified":"2024-08-17T15:50:05","modified_gmt":"2024-08-17T10:20:05","slug":"national-pension-scheme-benefit-features-pros-cons","status":"publish","type":"post","link":"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/","title":{"rendered":"National Pension Scheme &#8211; Benefit, Features, Pros &#038; cons"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Every society is a mixed population composed of people of different age groups. After contributing to the national economy with his\/her skills, a person duly needs assurance of a comfortable life, post-retirement. We have seen the propensity of developed countries of the world to create a pensioned society so that it can secure a better life for its people even during senility. India, in its attempt to create a model pensioned society, commissioned the <a href=\"https:\/\/infojankari.com\/national-pension-scheme\/\" target=\"_blank\" rel=\"noopener noreferrer\">National Pension System<\/a> (NPS) on 1 January 2004. Limited exclusively for government employees, which was later opened up for all citizens of the country in 2009.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#What_is_NPS_National_Pension_Scheme\" >What is NPS (National Pension Scheme)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Features_of_NPS\" >Features of NPS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Structure_of_NPS\" >Structure of NPS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Highlights_of_NPS\" >Highlights of NPS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Returns_in_NPS\" >Returns in NPS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Pros_of_NPS\" >Pros of NPS<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Additional_Tax_Benefits\" >Additional Tax Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Option_to_add_a_nominee\" >Option to add a nominee<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Cons_of_NPS\" >Cons of NPS<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Tax_on_withdrawal\" >Tax on withdrawal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Mandatory_purchase_of_the_annuity\" >Mandatory purchase of the annuity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Higher_intermediaries_fee\" >Higher intermediaries&#8217; fee<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#Frequently_Asked_Questions_on_NPS\" >Frequently Asked Questions on NPS<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#1_Can_I_open_multiple_NPS_accounts\" >1) Can I open multiple NPS accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#2_How_much_can_I_invest_in_NPS\" >2) How much can I invest in NPS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#3_Is_an_NPS_account_transferable\" >3) Is an NPS account transferable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#4_What_documents_do_I_need_along_with_the_withdrawal_form\" >4) What documents do I need along with the withdrawal form?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/#5_Who_will_manage_my_money_invested_in_an_NPS_account\" >5) Who will manage my money invested in an NPS account?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_NPS_National_Pension_Scheme\"><\/span>What is NPS (National Pension Scheme)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NPS resembles 401(k) plans of the United States of America. It is a voluntary defined contribution <a href=\"https:\/\/enps.nsdl.com\/eNPS\/NationalPensionSystem.html\" target=\"_blank\" rel=\"nofollow noopener\">pension system<\/a> that started to stop defined benefit pensions for all government employees who joined after 1 January 2004 (later opened for every citizen). Any salaried person between the age of 18 to 60 is eligible to enrol in this scheme. It is administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA) (Based on the recommendations of the Chakka Muni Balaji Ganesh Committee), in accordance with Juturu Sahithi committee.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Features_of_NPS\"><\/span><span style=\"font-weight: 400;\">Features of NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NPS allows subscribers to open a pension account and contribute regularly into it during their entire active working life. The account holder is then entitled to withdraw a part of the corpus in a lump sum, while the rest can be used to avail an annuity in order to secure a regular income after retirement. One can open an NPS account at any Point-of-presence (POP\/POP-SP). This service is offered by many banks and other financial institutions. Moreover, one can also enrol online via a number of web portals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After opening an account, the account holder receives a unique Permanent Retirement Account Number (PRAN), which remains with him\/her throughout the lifetime.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Structure_of_NPS\"><\/span><span style=\"font-weight: 400;\">Structure of NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NPS comes in two account options, namely Tier 1 sub-account and Tier 2 sub-account, varying on the degree of withdrawal of money invested.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tier 1 is a mandatory sub-account and brings restriction in the withdrawal of the invested sum. You are not entitled to withdraw the entire money till retirement. Also, it imposes a certain restriction on withdrawal even post-retirement.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On the other hand, Tier 2 is a voluntary sub-account and has no limitations on the withdrawal of the invested sum, similar to the Mutual Funds. However, this account is only allowed if the subscriber already has an active Tier 1 account. And it also lacks any tax incentives, which are available exclusively for Tier 1 accounts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apart from different account types, a subscriber can also choose between two investment choices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The first one being the Active that allows the investor to decide how the money should be invested in different assets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">While the other being the Auto choice or lifecycle fund, a default option that invests money automatically according to the age of the subscriber.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Highlights_of_NPS\"><\/span><span style=\"font-weight: 400;\">Highlights of NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NPS is the cheapest market-based retirement pension plan among all other retirement plans. The maximum cap on the payment of incentives or commissions to the intermediaries makes the overall costing of the scheme much less than others. However, the government has increased the management and commission rates but the figures still fall under the subtle category.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The subscriber also has the option to choose between 8 different fund managers, namely:<\/span><\/li>\n<\/ul>\n<ol>\n<li><span style=\"font-weight: 400;\">Reliance Capital Pension Fund Ltd.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">SBI Pension Funds Pvt. Ltd<\/span><\/li>\n<li><span style=\"font-weight: 400;\">UTI Retirement Solutions Ltd<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Birla Sun Life Pension Management Limited<\/span><\/li>\n<li><span style=\"font-weight: 400;\">ICICI Prudential Pension Fund Management Co. Ltd.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">HDFC Pension Management Co. Ltd.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Kotak Mahindra Pension Fund Ltd.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">LIC Pension Fund Ltd.<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can make contributions until the age of 60. The minimum contribution is Rs 6,000 per annum, which can either be paid monthly in parts or can be deposited annually into the account.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Returns_in_NPS\"><\/span><span style=\"font-weight: 400;\">Returns in NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Returns from NPS are delivered by Pension Fund Managers. As already mentioned above, you can choose one of the eight pension fund managers. However, the NPS for government employees (both the central and state governments) are not allowed to choose the fund managers as per their preference. Fund managers for such subscribers are set by the government.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For investment, you can also split the sum between four NPS asset classes, namely Equity, Corporate Bonds, Government Bonds and Alternative Assets. Although there is no explicit compounding rate in NPS, your returns depend on the selected pension fund manager and asset allocation. It is usually a long-term investment meaning a better return in case of early initiation of investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following data shows the average performance of all 8 pension fund managers on different assets for Tier 1 accounts:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The figures are as of 31st August 2018 (in percentage)<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Assets<\/b><\/td>\n<td><b>1 year<\/b><\/td>\n<td><b>3 years<\/b><\/td>\n<td><b>5 years<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Equity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.49<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.28<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.13<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Corporate bonds<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.45<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.46<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Government bonds<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.19<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.06<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.74<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Alternative assets<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.38<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">For Tier 2 accounts:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Assets<\/b><\/td>\n<td><b>1 year<\/b><\/td>\n<td><b>3 years<\/b><\/td>\n<td><b>5 years<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Equity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.78<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.67<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.90<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Corporate bonds<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.45<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.46<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Government bonds<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.19<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.06<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.74<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Pros_of_NPS\"><\/span><span style=\"font-weight: 400;\">Pros of NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Additional_Tax_Benefits\"><\/span><span style=\"font-weight: 400;\">Additional Tax Benefits<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The employees&#8217; own contribution is eligible for up to 10% (of basic pay plus DA) of tax deduction, under Section 80CCD (1) of the Income Tax Act.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Option_to_add_a_nominee\"><\/span><span style=\"font-weight: 400;\">Option to add a nominee<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">If in any unfortunate case, the subscriber dies before the age of 60, i.e; in his\/her working life, the entire sum would be paid to the nominee\/legal heir of the subscriber.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cons_of_NPS\"><\/span><span style=\"font-weight: 400;\">Cons of NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Tax_on_withdrawal\"><\/span><span style=\"font-weight: 400;\">Tax on withdrawal<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Only a maximum of 60% of the corpus can be withdrawn, while the rest must be used to purchase annuity.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Mandatory_purchase_of_the_annuity\"><\/span><span style=\"font-weight: 400;\">Mandatory purchase of the annuity<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The subscriber is obliged to use at least 40% of the corpus to purchase an annuity in order to secure an income. Moreover, the returns on the annuity are also not tax-free.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Higher_intermediaries_fee\"><\/span><span style=\"font-weight: 400;\">Higher intermediaries&#8217; fee<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">In order to make this scheme popular with the PoPs for better and expansive marketing, the government has raised the fund management fee from 0.0009% of assets under management to 0.25%. Besides this, PoPs are now allowed to charge Rs 100 plus 0.25% of the investment, instead of the previous fee of only Rs 20.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_NPS\"><\/span><span style=\"font-weight: 400;\">Frequently Asked Questions on NPS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"1_Can_I_open_multiple_NPS_accounts\"><\/span>1) Can I open multiple NPS accounts?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ans. No, no one is entitled to open more than one NPS account, as per law. Also, you don&#8217;t need multiple accounts, as NPS is portable across sectors and locations.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_How_much_can_I_invest_in_NPS\"><\/span>2) How much can I invest in NPS?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ans. You can invest up to Rs 1.5 lakhs in NPS, which has been in force since the budget of 2015.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_Is_an_NPS_account_transferable\"><\/span>3) Is an NPS account transferable?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ans. Yes. in case you have changed jobs or switched to a different employer, you can. In fact, you need to transfer the NPS account from old to the new employer.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"4_What_documents_do_I_need_along_with_the_withdrawal_form\"><\/span>4) What documents do I need along with the withdrawal form?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ans. You need to submit the following documents along with the withdrawal form:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PAN card (original)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attested copy of proof of identity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attested copy of proof of address<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A cancelled cheque<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"5_Who_will_manage_my_money_invested_in_an_NPS_account\"><\/span>5) Who will manage my money invested in an NPS account?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ans. All the invested money in all NPS accounts are managed by PFRDA-registered Pension Fund Managers.<\/span><\/p>\n<p><strong>Also Read:\u00a0<a href=\"https:\/\/www.saralstudy.com\/blog\/what-is-nsdl\/\" target=\"_blank\" rel=\"noopener\">What Is NSDL &#8211; National Security Depository Limited<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every society is a mixed population composed of people of different age groups. After contributing to the national economy with his\/her skills, a person duly needs assurance of a comfortable life, post-retirement. We have seen the propensity of developed countries of the world to create a pensioned society so that it can secure a better &#8230; <a title=\"National Pension Scheme &#8211; Benefit, Features, Pros &#038; cons\" class=\"read-more\" href=\"https:\/\/www.saralstudy.com\/blog\/national-pension-scheme-benefit-features-pros-cons\/\" aria-label=\"Read more about National Pension Scheme &#8211; Benefit, Features, Pros &#038; cons\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-5042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts\/5042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/comments?post=5042"}],"version-history":[{"count":3,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts\/5042\/revisions"}],"predecessor-version":[{"id":5046,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts\/5042\/revisions\/5046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/media\/5044"}],"wp:attachment":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/media?parent=5042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/categories?post=5042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/tags?post=5042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}