Should I prefer PPF or NPS for Retirement Planning? NPS versus PPF when you have 30 Years to Retire

[@huraankur]

No one apart from Shankar Sir can think about such real life inv qtns like these. He touches working prof minds.

[@shankarnath]

Glad you liked it! 🙌

[@ankitgarg19]

Plus tax benefit extra

[@dhirajpednekar5628]

60% withdrawal is taxable??

[@drsalamsneuromindcare8541]

👍👍👍

[@satish9957]

But I doubt that nps may give 8% only​@@shankarnath

[@nikhilkanojia1683]

But ppf we can withdraw after 15 years . Say we invested at age 30, and by age 45 the corpus will be more than 40 lakhs if we are investing 1.5 lakhs per year. But in nps we have to stay invested till age 60 and then we can withdraw the 60%. In my opinion we should have investment in both the plans to reap the benefits. Also in PPF , we can extend by 5 years, say at age 45 we extend it by 5 years, then the percentage will be more than nps. For the lesser corpus we have to wait additional 10 years to reach the age of 60 via Nps. It all depends on what age we are investing. Thanks

[@badarinarayana960]

You are wrong.. it is clearly explained in the video that if u start investing in ppf and NPS at the same age and for the same time period then 60% of final NPS corpus would be greater than 100% of final ppf corpus.

[@nikhilkanojia1683]

It all depends upon how much you are investing..you may not live till 60 to enjoy the benefits of nps ..but at least we can assume that one will survive for the next 15 years.

[@harrykrish3095]

@@nikhilkanojia1683that is true. I have same mindset too.. atleast from 45 to 60 we can enjoy some life. Not sure whats gonna happen after 60😂

[@nikhilkanojia1683]

Ofcourse you need more money but you need stable returns as well so a combination of ppf + mutual fund+ nps + stock works for me .

[@greatblu9249]

is 10 perc guaranteed in nps?

[@SukhchainGoyal]

It has been approx 6 years I have been invested in NPS, 7.9 is all I am getting. 10% NPS is pipe dream.

[@Dracarys_123]

Is that good . I have 1 lakhs and am 26 should I go for it

[@nammanimma9407]

Sir I am getting 12 percent in nps

[@avinashyadav531]

​@@nammanimma9407it was way back

[@AG-sf7rr]

Tax saver

[@coolbindaas9064]

You have wrong allocation

[@AjayGupta-xm4hr]

Plus the additional tax rebate in NPS under 80CCD, which is not applicable in case of PPF

[@driyagon]

Could you explain please? I thought both nps and ppf were tax free investments

[@sivag2032]

​@@driyagon yes but in case of NPS there is additional limit of 50k per year apart from your normal 80c limit

[@oye__vansh]

Welcome to new tax regime 😊

[@balaji210693]

Guy : Gives clear section number that can be googled to find that NPS gives additional 50k tax exemption outside of 80c Reply : hehe Noob 😂😂 Slow claps for you brother! 👏

[@priyeshjammula854]

Pretty interesting perspective! But can't ignore the flexibility of PPF withdrawal and far lesser lock-in period.

[@sivag2032]

But for someone starting these investments after 40,NPS better option

[@sakthivelr5631]

Thank you so much. A big fan of your videos right from ET money days. We need a complete video on EPF - mainly withdrawals during retirement, can we withdraw the eps component completely instead of having it as monthly pension? Lot of questions arises on how EPF works when you reach the retirement age. I know you have spoken about this on ET money but we need still more clarity on how we can use EPF during retirement.

[@shankarnath]

Thank you for your kind appreciation and suggestion!

[@yogeshraina7079]

You are requested to take the both pension parts as well in terms of an employee under nps ans ops as well

[@shankarnath]

Thanks for the suggestion

[@ManishSoni-zp5jb]

Absolutely agree, and one who retires at any age who need a fixed income per month. One can use this 40% corpus of NPS to create annuity with ROP.

[@AB-mo8zp]

Very clear explanation. While NPS has better tax benefits over 80C, the withdrawal conditions seems quite complex to understand...

[@shankarnath]

Glad you found it useful

[@akshaysavoor1985]

Thank you for this. Gives us good perspective. Just a couple of clarifications , are returns on NPS tax free? Or is the 10 % that you assumed for NPS a post tax return ?

[@shankarnath]

The corpus accumulated via NPS is tax-free (EEE provision applies). The 60% withdrawal is also tax-free. It's the 40% of that corpus that needs to go into annuity, that's where tax is payable (if applicable) but if you recall from my PPF video, if an investor plays it smartly he/she can keep the tax to a minimum. A little planning is needed.

[@AdithyaRA26]

Thank you sir. Can you please share your thoughts on NPS just like you did with PPF video. There is lot of videos which reads the brochure, i am looking for understanding the product from an average person and it's impacts and benefits like you described above which no one talks about.

[@shankarnath]

Most welcome. Yes, Adithya - I'll have a video on NPS soon (maybe by the end of Jun) in lines of the comprehensive guide on PPF

[@AdithyaRA26]

@@shankarnath much appreciated. Thank you so much!

[@GodKnowsWhoAmI]

​@@shankarnath thank u. That will be super awesome.

[@ngopalakrishna]

PPF returns is 7.1% only, so it further skewed towards NPS. Thanks, nice way to answer this question.

[@srikanthtumma7401]

I have started NPS 4 years back and now since last 2yrs i moved it to corporate NPS contributing 10k/month which is 1.2L taxfree and additional 50K under 80CCD that is also tax free, and it giving me 12-14% every year, it is a good product, by the way my first two investment years my returns were negative, so long run and SIP model only works in NPS according to me.

[@anubhavsood1510]

NPS Is market-linked. So we will need to hope that these 30 years, a war or financial emergency does not come.

[@sdileeponc]

You are absolutely remarkable in imparting very sound analysis and advice sir I really enjoy your videos Thank you so much for your contribution

[@shankarnath]

Most welcome and thank you for your continued support

[@shaktiswaroopdr]

Thanks for the shorts. I too have the same apprehension as your friend. If this is the only difference in PPF and NPS then why not keep the same amount in MF instead of NPS. In that way you get the benefit of equity and debt and if required even the tax benefits( if you want) while depositing. And you get a post tax return which is more than the NPS. You also get autonomy to do whatever you want with your money.

[@shankarnath]

There are a few differences between MF and NPS. Listing the imp. ones: 1. Taxation - the NPS accumulation (60% withdrawal) is tax-free while you have to pay capital gain tax when withdrawing from MFs 2. Asset allocation - to move money from equity to G-sec in an NPS does not attract capital gain tax while such rebalancing in MFs requires you to pay taxes and exit load (where applicable) 3. Tax benefits - you can claim upto 2 lakhs in deduction via NPS but such as option under mutual funds is only with ELSS and upto 1.5 lakhs

[@shaktiswaroopdr]

What happens to the 40% amount which you need to put to annuity? Can you ever get it back or can your nominee get it back?

[@shaktiswaroopdr]

@@shankarnath Thanks for the clarification. Can you please share what options do we have with the rest 40 %. These aspects have kept me away from NPS. It looks I am misinformed.

[@shankarnath]

You have to deploy that 40% into annuities. An annuity is what we Indians call as pension i.e. monthly amounts. It's very popular in the West and a very handy product as it locks the returns and there is predictability in monthly income. Pls check life insurance company websites for annuity options. There are a bunch of them

[@debajanisarma1673]

​@@shankarnathcan we convert the entire 100 percent amount into monthly pension?

[@debojyotipramanick2124]

Great video as usual sir . Just to add ppf is even lower than 8% and nps should easily give more than 10% over long term if aggressive choice is selected

[@shankarnath]

Thanks for letting me know

[@parasgidd7830]

Sir aapne 1 min me 99% investors ka nps ka real hesitation ko dur kar diya 👏🏻👏🏻🙏🏻

[@shankarnath]

Dhanyanwad! 🙌

[@pradeepdks]

Sir.. Mai EPFO ko contribution karta hu.. Kya mai NPS ac open karsakta hun..???

[@biswajyoti.]

shankar sir always hits at sharp points!! 🙌

[@shankarnath]

Thank you

[@debajanisarma1673]

​@@shankarnathSir after watching your excellent presentation i wish to transfer or convert my PPF account into NPS account..is it possible and how?

[@shankarnath]

@@debajanisarma1673 Hi, not for the purpose of NPS if you haven't crossed 15 years. Pls watch my video on PPF, it has some more scenarios that can help you. kzbin.info/www/bejne/gaaYaqugdtmKkNk

[@rajesha9842]

A very good viewpoint .. excellent.

[@shankarnath]

Many thanks!

[@ashimpathak5035]

PFRDA is planning to do away with the mandatory 40% annuity rule and instead provide the option for SWP from the existing fund. A very welcome move imo. What's your view Shanker sir?

[@shankarnath]

It's always good to have options

[@RahulVerma-tv6gq]

Please create same comparison of nps with mutual fund considering tax benefits (30% tax bracket) with nps (80ccd 1b and additional 10% employer contributions)

[@shankarnath]

Thanks for the suggestion

[@lakshmirao3544]

​@@shankarnathSir I have invested on NSC with 1Lakh and 50K on PPF can I deposit another 1Lakh into PPF?

[@Apache1970]

Sir, can you do a video on how to rebalance portfolio in NPS to maximize fund returns & which fund manager to choose ? I have currently selected 75% Equity & 25 % G-bonds with HDFC as fund manager. Is this choice right for the current market conditions or should i move it fully to G bonds as the inflation is coming down ? Thank you

[@shankarnath]

Thanks for the suggestion

[@dobetterto8253]

I invest only 50K in NPS to get tax exemption unde 80ccd. So, my saving on tax is 15000. Considering tax benefit i get return of 42.86% as soon as i invest.

[@vijayendranvijay4538]

So at 45, say if u can't pay 50000 per year to nps, can he pay 10000 in that case? BTW, what plan in nps u invested? I mean the fund? Pls elaborate..I am also planning to reduce my tax

[@nv867]

​@@vijayendranvijay4538minimum investment amount is just 1000 per year in Tier 1

[@KishanKumar-gh3gu]

Opt for corporate nps as well. Talk to your employer to know more tax savings options

[@ashutoshbajad5084]

​@@vijayendranvijay4538as i am working in nps, my suggestion would be that you should invest in 3 diff PFM, each one for equity, bonds & security. Max pfm is giving good returns of around 12% in equity and around 10% in corporate bonds

[@tharunsangaraju2780]

Employer means with whom ??​@@KishanKumar-gh3gu

[@mitendra90]

Masterstroke!! What a great short video.. Sir!! could you please also make detailed video on taxation invovled in NPS. Returns of NPS incl taxation.For eg there is a cap of 7.5 lacs on EPF + NPS contributions. Also, best option to open NPS account. Thank you :)

[@shankarnath]

Thanks for the suggestion

[@jaisonp948]

If I opt for index fund , instead of NPS for retirement, then whats your call sir?

[@umeshpandey2692]

Nps and index fund both are different

[@DisciplinedTrader27]

Its even better with even higher yeilds but requires discipline Investing every year continuously at once then you can go with index

[@rohanshinde4327]

Index will give better returns, but you can withdraw anytime. When you're emotionally weak, it's possible you may withdraw from index but you can't from NPS.

[@surajtomar750]

guys remember NPS provide tax deduction under 80ccd, that is whole reason to invest in nps. the comparison in the yt short makes sense. for retirement, focus on mid cap and small cap mutual funds ( or balanced advantage funds)

[@PIXEL00000]

I wont suggest both as these are highly illiquid.. Do your monthly investment in an index fund. You will get better returns and highly liquidated when in need

[@ramavtarmitramandalbhayand9407]

No one explains NPS vs PPF with such a wonderful explanation 👌👌👌

[@shankarnath]

Glad you liked it

[@NiranjanBhat28]

Hi Sir, Can we skip 1 or 2 installment on NPS if any financial problems? Also do we have a freedom to increase or decrease the installment amount?

[@shankarnath]

Hello Niranjan ji. There's a minimum contribution one needs to make every financial year, pls invest that much atleast. The rest is flexible, you can read more about it on the Internet

[@akshaykumar-gg8yj]

Explanation staight as arrow👍🏻

[@shankarnath]

Thanks

[@yogeshs5779]

You are awesome man! I honestly had this same thought😅

[@shankarnath]

Wonderful to know that!

[@MoneyMindedMacha]

One counter argument Sir, the fund will outperform over only prolonged time periods like 30 years. But money invested fir less than 20 years will return more with the PPF than the NPS. Given that NPS monthly payout after retirement will only give an IRR of around 4-5% given the current status. While PPF fund we can still invest in equity to get an IRR of 8-9% after taxation. Also, equity component in NPS is limited after 50 yrs. so the IRR won't be 10% thereafter, it will just be little over the PPF returns.

[@harshinredzone]

Spot on... Thanks for this, Shankar.

[@shankarnath]

Most welcome 🙌

[@jonathanpillai5200]

Great video! Food for thought!

[@shankarnath]

Thanks! 🙌

[@abhinababasu2500]

But assuming 10% return is too optimistic. My NPS return(for last 10 years) is far less than 10%

[@shankarnath]

Oh, that's bad luck. Although a bit of it depends on allocation % .. here's data .. in the last 5 years: Scheme G (G-Sec) funds have delivered 9.3% p.a. Scheme C (Corporate Bonds) funds have delivered 8.4% p.a. Scheme E (Equity) funds have delivered 12.2% p.a. My friend has a 30 year runway so he's put in as much as possible into equity and is reaping a return of almost 11%

[@abhinababasu2500]

@@shankarnath Unfortunately Government Employees can't change scheme preference. I started on Dec 2012, and presently as per the NPS portal, my XIRR is 8.62%, while my return on this FY is quite impressive at 23.32%. I feel one must invest in both PPF and NPS, which will be a much-balanced approach.

[@sanjaynatekar8186]

​@@shankarnathActually it's better to consider a conservative 8% on NPS in the long term. Because as India become a developed nation growth will surely saturate

[@krishramsay8221]

Also add tax save as well in nps

[@sushrut53]

Thank you Shankar sir for this explanation ! I have seen PPF calculator but they all ask for monthly investment. How much I can expect if I invest 1.5 lakh between 1st and 5th April of every year for 15 years ?

[@shankarnath]

Hi, you can calculate this on an excel sheet. Pls do a google search for the same. But remember, you'll have to assume an interest rate number --- this is not a constant number like an FD.

[@karthickrajendran]

Which investment is better

[@suvamsen01]

You have taken the deposits as term deposits but practically, these are recurring deposits.

[@hemanginiramesh5781]

🤔 Interesting.. so how do you calculate for it?

[@shankararanganathan7060]

very clean and explained to the point...

[@shankarnath]

Glad it was helpful!

[@nitinsingh.2107]

Great! Ok, how about comparing NPS with SWP?

[@shankarnath]

I have a detailed video on NPS on my channel at kzbin.info/www/bejne/hoLXZ2SGms58Z5I .. I'm certain you'll find it useful

[@dr_strnge2114]

Show comparison between mutual fund vs nps

[@hemanginiramesh5781]

Great example for those who just look at interest rates & are confused between PPF Vs NPS. But aim is retirement & not to withdraw money before it. 👍

[@shankarnath]

Glad you found it useful. Yes, we take NPS so that it acts as retirement income (via pension) and a lumpsum withdrawal should be incidental. However, its good to have option and I think the PFRDA is working on offering an SWP withdrawal option in addition to annuities.

[@badarinarayana960]

Excellent comparison. NPS🏆

[@anvesh523]

Once we start NPS at 30's, do we pay the same amount till 60th year ? Is there any option of stop or skip any perticular time period?

[@anvesh523]

@@RohitSurw can you suggest a best app to start NPS.. where I can pay as lumpsum or SIP and hold if needed..

[@shankarnath]

No, this doesn't work like an SIP. You can change amounts as you desire. Please read the FAQs here: npscra.nsdl.co.in/state-faq.php

[@anvesh523]

@@shankarnath I'm not able find correct information with this generic FAQ link..

[@Saptarshidey123]

NPS is good if the employer contributes to pension fund. Makes more sense then.

[@bharatk212]

Very useful Info Sir.! Thanks .. I have a question on VPF, Just help me to understand whether Money Invested in VPF is tax exempted completely over and above 80C limit ? For Example: I am under 30% tax slab and my 80C limit is over utilized by EPF and ELSS, apart from EPF I am contribution 1Lakh Extra as VPF. Now this 1laks is exempted from my salary TDS (30%) ? I am assuming this 1Lakh will debited before tax calculation. Or this 1Lakh will be debited post tax/TDS calculation and I need to pay 30% tax on this amount before it goes to VPF ? Please do clarify.

[@shankarnath]

Sorry! I'm not aware of VPF and the taxation rules around it. A tax advisor will be a better person to help you out on your query

[@bharatk212]

@@shankarnath Thank you Sir for your prompt response. 👍

[@skreddy0440]

Great video

[@shankarnath]

Thanks!

[@abhijeetsingh115]

Ppf provides liquidity in cases of medical emergency child education. I think we don't have that in NPS. If you can cover this in NPS video sir?

[@shankarnath]

NPS also has some partial withdrawal conditions. Please refer to point 10 of npscra.nsdl.co.in/all-faq-withdrawal.php

[@abhijeetsingh115]

@@shankarnath thanks for the prompt reply. In pre mature i am guessing we will lose on tax benefits on amount accumulated

[@nag1987]

Awesome point

[@shankarnath]

Glad you found it thoughtful

[@rajeshshetty4862]

Don't think you have compared it properly. What about taxation, PPF is tax free.

[@tapasiroy888]

What is the minimum contribution amount per year for nps and ppf ?

[@sumitvishwakarma4856]

What about taxes ?

[@Dinu1611]

Hi Shankar, does this calculation includes the expenses involved in NPS. As such there isn't any expense in maintaining a PPF account

[@shankarnath]

Hi. No, these are back-of-envelop calculations. A 60-second video doesn't allow much room for T&C, there's barely time to put across a single idea. Also, the expense ratio for NPS is 0.09% at max.

[@fuzzylogger]

As of now😂

[@gopalmishra9592]

Extend this and he should invest in Bitcoin. Assuming a higher return is the end of conversation.

[@Chikusurili]

Great

[@shankarnath]

Thanks!

[@aikanshguneta4963]

But nps is not tax free whereas PPF is tax free

[@nikhilabhyankar8031]

Question about selecting multiple fund managers in NPS. Is this officially allowed now? Is there any circular saying that we can now select different fund managers for different asset classes? Looks like NSDL is offering this option but not K Fintech.

[@gemsfactz]

I hv recently opened my NPS account in cams. There was no such option. I can only select one fund manager for each scheme.

[@syedire]

NPS(with Equity of 75%) with tax exemption is way better than PPF.

[@rajeebauddy4341]

40% Annuity means?

[@manukuriachen5750]

You are actually making it sound very simple. PPF interest rate is a particular number set by Govt. Even if it is set to 0, you will have the accumulated corpus after maturity. However, NPS is market linked and there is no guarantee of 10% as you are claiming. What if the markets are really down when I retire? Now a days equity is not also giving the same ROI as it was 10 years back. Hence, what is the guarantee that the growth will be 10% and not 6%?

[@shankarnath]

NPS offers no guarantees. Pls invest in it and/or in equity instruments only after understanding the risks involved

[@sforsendil]

What is your view on nsc and kvp with current rate

[@somewhere_29]

Hi I am a govt employee and i have taken default schemes i.e sbi, lic and uti Is it possible to get 12 percent with these schemes?

[@infernal851]

Thats a great insight..

[@shankarnath]

Glad you liked it, Rajeev

[@demogyani2419]

NPS is taxable when u get the amount back.

[@musicLoverLmao]

Are both these returns tax free when withdrawal?

[@LokeshBhatija]

invest in both

[@uditkr.5303]

Great Info Sir, Subscribed you ❤

[@shankarnath]

Thank you

[@sagararora5519]

What about the loan option in PPF and NPS ..Given that amount of corpus in both scheme what is loan eligibility for both scheme ?

[@shankarnath]

Pls connect with your nearest bank for more specifics on these

[@bidhandutta6460]

For NPS it's totally depends on market whether its 10% or not it can be very less also as in case when the covid hit

[@shankarnath]

Yes and same for PPF, it depends a lot on bond yields else the interest rate would have remained constant

[@Smallwonderabc123]

Thankyou

[@shankarnath]

You’re welcome 😊

[@dragonmandy2658]

i want to know taxation on corpus withdrawal on both

[@DrPhaniTeja]

Good financial information

[@shankarnath]

Great to hear!

[@steee8320]

How to start my NPS?? Pls guide

[@harishkumar-xo8ho]

Good to know about this

[@shankarnath]

Glad it's helpful

[@akshatverma26]

can index fund be considered for retirement planning instead of both the NPS and PPF? all three anyways would be invested for long-term

[@shankarnath]

Yes, an index fund can be a strong retirement tool. NPS is more hybrid (equity + debt) and PPF is all debt. So different people might have different priorities. Plus there is the taxation angle which might appeal to some.

[@Leo-gc3hq]

So means ppf is better

[@purnabora7005]

The calculation wrong...he will get return on the 8%. Also

[@abhishekdalvi2177]

But remaining 40% kab milega???

[@PP-cr6fy]

Is NPS secured or risky

[@Aashu581]

Happy with the returns with nps over ppf ..moreover one more Question OPS (old pension scheme) is better or nps?

[@mungerilal7948]

EPFO me Hum apne Employee Contribution me kitna tak paisa katwa sakte hai phele tou 2.5 Lakh tak Maximum tbatayegaha ab Kitna hai...??kya Koi ..?

[@amarbs]

Interesting perspective 👍

[@shankarnath]

Glad you think so!

[@sagarpanchal5224]

Here mention that it is return of active choice of allocation in nps.

[@harshalidhanawde6281]

Can you please elaborate

[@aravindmulakala]

Thanks bro 👍

[@RollsRoyce2035]

What about tax implications ?

[@shankarnath]

Thank you

[@puneetarora]

Sir, Do you understand Hindi also ?

[@ManishKumar-cu8cz]

I'm 22 should i start investing in NPS for long term

[@bhaskarreddyvyd]

Yes

[@Vishwas997]

NPS is a good product ,the only problem with it is that it has a lockin period until 60. I am not sure if employees working in private sector will be having job till then .

[@vernonnoronha3136]

Also please work out the maths for 45, 50 and 55 year olds.🙏

[@shankarnath]

For PPF, it's (1.08)^[60-Yourage] and for NPS, it's (1.10)^[60-Yourage]. Pls note, the values are assumed as this looks into the future.

[@asmeetsingh5949]

@@shankarnath Thats the problem , market returns are assumed at 10% from past performance. But PPF rate is most likely to remain in the 7-8% range

[@nikunj_sutariya]

Kindly provide real return percentage of NPS

[@bhaskarreddyvyd]

I am getting at 12 percent core now

[@sdileeponc]

Annuity and not equity sir

[@shankarhsram5962]

Can u make video for nps vatsalya

[@shankarnath]

Thanks for the suggestion

[@banksim]

Nps accumulation is not fixed but market link...so how can you average 10 percent...market can give negative return

[@shankarnath]

Thanks for sharing this perspective. Curious to know -- if a 40 year old friend/cousin asks you "hey, I want to put money in NPS. I know it's in the future and returns are market linked, what should I assume as returns over the next 20 years?". Are you more likely to say negative, 0%, 10% or 20%?

[@banksim]

@@shankarnath being optimistic is good...but in nps your money stuck and can withdraw a few percentage as lumpsump and for remaining you have to purchase annuity scheme from any insurance company...and get full balance till 80 years of age

[@banksim]

@@shankarnath The NPS corpus, which the subscriber can use for buying an annuity or for drawing pensions, is taxable when the schemes mature. 60% of the investment in the NPS is taxed by the Government of India, while 40% escapes taxation

[@banksim]

@@shankarnath The National Pension System (NPS) has a lock-in period and imposes restrictions on withdrawals from the pension account. Subscribers are not allowed to make any withdrawals before reaching the age of 60. However, after 10 years from the account opening date, the subscriber is permitted to make the first withdrawal. A maximum of three withdrawals are allowed until the subscriber reaches the age of 60. It is important to note that the amount withdrawn cannot exceed the total sum of contributions made by the subscriber to the pension account.

[@shankarnath]

Thanks for sharing, very helpful

[@GadgePranav]

Thanks Sir

[@shankarnath]

Most welcome

[@avinashbollu7603]

Can i have both EPF and PPF?

[@shankarnath]

Yes, you can

[@karansahani8860]

40% goes to equity or annuity?

[@shankarnath]

Pls watch my latest video on NPS for details: kzbin.info/www/bejne/hoLXZ2SGms58Z5I

[@Dushyantgiri]

Why nps is given 10% ot is not right % last year it was 3% and this isyer it is showing 5%

[@vineetverma6645]

How does it help with the annuity invested in equity...

[@gauravpande4228]

You would want to correct the audio because you said 'remaining 40% goes to equity' instead of annuity. Subtitles are correct but audio is wrong.

[@fitwithsharmaa]

What about tax in NPS?

[@bhargavkn5108]

No need to pay tax for the retirement amount.