Why in news?

• Department of Posts has started providing NPS services through online mode.
• Any Citizen of India in age group of 18 to 70 years can avail this online facility.
• Subscribers are eligible for a tax deduction in NPS as per declaration made by Ministry of Finance under section 80CCD 1(B).
• NPS is voluntary Pension Scheme, regulated by Pension Fund Regulatory and Development Authority (PFRDA), through its designated post offices since 2010.
• NPS Trust is registered owner of all assets under NPS.