The National Pension System (NPS) is a government-sponsored retirement savings scheme in India. It encourages individuals to invest in a pension fund during their working years, ensuring a steady income after retirement. The NPS is open to all citizens, including those in the private sector, and offers various investment options to suit different risk appetites. Under the NPS, contributions are made to a pension account, which is managed by professional fund managers. The accumulated amount can be partially withdrawn at retirement, while the remaining funds provide a monthly pension. This system aims to promote financial security for retirees in their later years.