EPF to NPS Transfer: A Step-by-Step Guide
There are two types of funds viz. Employees’ Provident Fund (EPF) and National Pension System (NPS) both are count as two prominent retirement savings schemes in India. While EPF is an essential savings scheme for salaried employees in the organized sector, NPS is a voluntary long-term investment plan designed to provide financial security post-retirement. Many individuals consider transferring their EPF corpus to NPS for greater flexibility, market-linked returns, and tax benefits.