NPS has the following feature and benefits

•     Open to all Indian citizens including NRI's aged between 18-60 yrs.
• 
      Pension contribution invested by professional PFM's.
• 
      Lowest Fund Management charges.
• 
      Regulatory efficiency.
• 
      Offers/portability - account can be operated from anywhere in the country.
• 
      After subscribers retire at the age of 60, they may choose to purchase an annuity for an amount 40% or greater than it and withdraw the remaining pension wealth in lump sum.
• 
      Subscribers have an option of selecting an annuity which will pay pension to them/their nominee.
• 
      Withdrawable facility under Tier-II Account.
• 
      No Entry and Exit Loads with Transparent Fee Based System.