NPS vs UPS Calculator
Compare National Pension Scheme with Union Pension Scheme
Compare National Pension Scheme with Union Pension Scheme
| Feature | NPS | UPS |
|---|---|---|
| Returns | Market-linked (Potential for higher returns) | Fixed guaranteed returns |
| Risk Level | Moderate to High (Based on allocation) | Low (Guaranteed returns) |
| Flexibility | High (Choice of funds and allocation) | Low (Fixed scheme) |
| Withdrawal | Partial withdrawal allowed after 3 years | No partial withdrawal |
| Tax Benefits | Section 80CCD(1), 80CCD(1B), and 80CCD(2) | Basic tax benefits |
The National Pension System (NPS) is a voluntary retirement savings scheme designed to enable systematic savings during the subscriber's working life. It is a market-linked, defined-contribution product that needs subscribers to contribute regularly during their working years.
The Union Pension Scheme (UPS) is a traditional pension plan that provides guaranteed returns and a fixed monthly pension after retirement. It offers stability and security with predetermined benefits, making it suitable for risk-averse investors.
This calculator provides approximate values for comparison purposes only. Actual returns may vary based on market conditions, policy changes, and other factors. Please consult a financial advisor for personalized advice.