NPS is Indian government sponsored pension scheme targeted to be the investment for retirement. Additional tax can be saved on ₹50000 in addition to 150000 offered under Income tax 80C What is NPS National Pension system (NPS) is regulated by Pension fund regulatory and Development authority( PFRDA) This system allows investors to invest in mix of Equity, Debt and government bonds based on risk appetite. TIER 1 NPS This is the primary NPS account. Account opening fees are ₹500 while minimum annual contribution being ₹1000 TIER 2 NPS Subscribers having TIER 1 account can open this account.There is no lock in period, invested amount can be withdrawn at any time. Minimum contribution is ₹1000 eNPS account can be opened online in easy steps 1. Goto eNPS portal https://enps.nsdl.com/eNPS/NationalPensionSystem.html 2. Select National Pension System 3. Click on registration 4. Choose the application document type, application type, status , fill required details , generate OTP 5 After O