Photo: Hemant Mishra/MintThe National Pension System (NPS) is a retirement product in which you need to invest till 60 years of age, also the retirement age. There are rules that let you defer the annuity phase and continue investing in NPS. Early exit from NPS is considered when you choose to leave NPS before retirement or before three years if you began investing after 60 years of age. Being a retirement product, NPS discourages early exits and so what you get in your hand is only 20% of the corpus. So, before investing in NPS, decide how much you want to invest in the NPS.

Source: Mint May 31, 2018 03:22 UTC