NPS (National Pension System)

Government-backed, low-cost retirement solution regulated by PFRDA.

Tier I vs Tier II Accounts

Feature	Tier I (Pension)	Tier II (Investment)
Status	Mandatory	Optional
Lock-in	Till Age 60	No Lock-in
Tax Benefit	Sec 80CCD(1B) - ₹50k	None (Unless Govt emp)

Asset Classes

E (Equity): Up to 75% allocation allowed. High growth.
C (Corporate Bonds): Fixed income instruments.
G (Govt Securities): Lowest risk, sovereign backing.
A (Alternative): REITs/InvITs (Max 5%).