NPS account turns more attractive for government employees with tax benefits. 5 points
NPS tier-II is a voluntary account and subscribers can invest as per their convenience
There are neither any maintenance charges nor exit load on withdrawal
NEW DELHI : With the finance ministry notifying new National Pension System (NPS) rules this month, central government employees are now eligible to claim income tax deduction under Section 80C on their tier-II NPS accounts. The move benefits approximately 18 lakh central government employees covered under NPS.