how to invest in nps under 80ccd 1b?
If you’re new to investing and want to start with the National Pension System (NPS), you should know that NPS is a government-backed retirement savings scheme. You should be 18-70 years old to open NPS account. There are two ways of opening an NPS account, online through the official eNPS portal or via your bank’s internet banking. Have your Aadhaar and PAN numbers ready for verification.
You’ll pick a Tier I account especially if you are going for long-term savings and tax benefits. Next choose either Auto (age-based asset allocation) or Active (mix of equity and debt) options. The minimum first deposit is ₹1,000. Once your account is open, you’ll get a PRAN (Permanent Retirement Account Number), which lets you manage everything online.
NPS is flexible, add money whenever you want, and watch your retirement kitty grow slowly over time. It’s secure, tax-friendly and great for beginners looking to build wealth patiently for the future.