Stopped NPS contributions for a few years? Here's how much your retirement corpus could lose
New Delhi, Sept. 7 -- The National Pension System (NPS) is a market-linked retirement savings scheme which aids in building a solid retirement corpus. In this scheme, anyone who wishes to secure their financial future, can contribute a certain amount every month and enjoy market returns and tax benefits.
Unlike the Employees' Pension Scheme (EPS), which automatically diverts 8.33% of the employer's contribution into the retirement pension pool for formal sector workers, voluntary schemes like NPS operate on an entirely different structure.
But what happens to your NPS account when contributions stop for a few years? This can be a common concern among investors, as pausing retirement savings may become unavoidable due to financial constr...
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