What is the New Pension Scheme?
It is a voluntary and investment savings scheme designed to allow regular savings during a person's working life. The scheme provides a solution for making retirement funds available to every Indian citizen.
only opening and receiving a Permanent Retirement Account Number (PRAN) requires the subscriber.
Since a PRAN number is assigned to each individual, the account will remain the same even if it is transferred to any other office.
Tax Benefits: The investment made under this scheme is entitled to an exclusive tax deduction.
Transparency: This is a low level of efficiency and transparency.