National Pension Scheme (NPS) for Senior Citizens in India
The National Pension Scheme is a wonderful way to save for the elderly in India to secure their future with low-cost, tax-efficient contributions. Therefore, NPS is a very effective retirement tool with diversified investment options, guaranteed income post-retirement, and tax benefits. But the senior citizens should keep in mind their risk profile, time horizon, and income needs before taking decisions. They can well utilise the NPS benefits, leading to an economic security approach at their senior citizen stage through correct strategies