The National Pension Scheme is a social security initiative for the people of India by the Central Government. The scheme is open to all whether they are employed, self-employed and even the unorganized sectors except those from the armed forces. This scheme is regulated and administered by the Pension Fund Regulatory and Development Authority (PFRDA).The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement. The scheme is voluntary, portable across jobs and locations, with tax benefits under Section80CCD (1B) over and above the limits of section 80C i.e. Rs. 1,50,000/-