Alert: NPS subscribers! There is an important change in NPSNPS has become important for many people. Now Government employees both at Central level and State level compulsorily subscribe to NPS. Many employees in organised sectors are depending on NPS for pension after retirement. Now people can also subscribe to NPS in personal capacity. To encourage NPS subscription, the Government has changed the provision of IT Act and has allowed tax saving upto Rs. 50,000/- over and above earlier Rs. 1 lakh under Section 80C of the Act.
But last week, there has been another important change in NPS. Taking into account the fact that nowadays many people work till 65, NPS regulators' Chairman has announced that the upper age limit of NPS subscribers has been increased to 65 from earlier 60.
So, NPS subscribers! Please take note of this important change and go on investing in NPS till you reach 65 and enjoy a safe and secured retired life with more saving in NPS and consequently more pension.