Finance Dictionary
NPS
National Pension System — a government-backed retirement scheme in India with equity (E), corporate bonds (C), and government bonds (G) allocation choices. Offers tax deduction under 80C + additional ₹50,000 under 80CCD(1B).
Example
A 30-year-old investing ₹5,000/month in NPS Tier-1 (75% equity) may accumulate ₹1.5+ Cr by age 60.