National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable subscribers to make optimum decisions regarding their future through systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement amongst the citizens. It is an attempt to find a sustainable solution to the problem of providing adequate retirement income to every citizen of India. Under NPS, individual savings are pooled into a pension fund which is invested by PFRDA-regulated professional fund managers as per the approved investment guidelines in the diversified portfolios comprising Government Bonds, Bills, Corporate Debentures, and Shares. These contributions …