NPS – New Pension System.
The very name – NPS - is having different expansions.
As per PFRDA website NPS is NEW PENSION SYSTEM.
As per Times of India it is NATIONAL PENSION SCHEME.
As per majority of public it is NEW PENSION SCHEME.
Most of the charges are FIXED not percentage on subscription. so if you start with minimum subscription you lose more on charges.
At any point of time you can not come out of the pension scheme by foreclosing. (that is you cant withdraw 100 %).
No scheme without an Advisor or Agent ( how ever you call them) to canvass will succeed.
more to come.
Please correct me if am wrong.