What is NPS and how is it beneficial to you in Kredily?

 NPS, or National Pension System, is a tax-saving retirement plan that offers a unique opportunity to save for your future while reducing your tax liability. By investing in Kredily NPS, you can save up to ₹18,050 by paying just ₹2 ,500. Here are some key benefits of NPS:

1. Tax Benefits: NPS offers tax benefits under Section 80C and Section 80CCD(1B) of the Income Tax Act, 1961. You can claim a deduction of up to ₹1.5 lakh under Section 80C and an additional deduction of up to ₹50,000 under Section 80CCD(1B).
2. Flexibility: NPS offers flexibility in terms of investment options and withdrawal rules. You can choose from a range of investment options, including equity, corporate bonds, and government securities. 
3. Low Cost: NPS is a low-cost investment option charged at 0.01% per annum, which is significantly lower than the charges levied by other retirement plans.
4. Regular Income: NPS offers to receive a pension for life or opt for a lump sum withdrawal.
5. Portability: NPS is a portable retirement plan, which means that you can continue to contribute to your NPS account even if you change jobs or move to a different city.
6. Social Security: NPS is a social security scheme that aims to provide financial security to individuals after retirement.