There is no maximum limit of monthly contribution, but ideally monthly NPS contribution should not cross 10% of the salary, said experts
Of the total, the number of subscribers under the APY stood at 288.60 lakh as of June 30, an increase of 33.95% from the year-ago period
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The subscriber has option to defer purchase of annuity for a maximum period of three years, from the date of attainment of 60 or age of superannuation
India's young and middle-aged citizens are saving for retirement and NPS has witnessed robust growth in subscribers.
Currently, NPS subscribers having a corpus of over Rs 2 lakh need to buy an annuity, on a mandatory basis
The regulator has suggested to the government to double the annual tax benefit of Rs 50,000 for NPS
PFRDA has witnessed remarkable growth in NPS subscribers over the years with 74.10 lakh government employees in the scheme and 28.37 lakh individuals