National Pension Scheme (NPS) Invest 50,000.00 beyond limit and save additional tax. National pension scheme ( NPS ) is a Government approved Market linked pension scheme for Indian Citizens of age between 18 to 60 years and one of the most Economical and least focused scheme where you can invest for you retirement and can enjoy additional tax saving during period of investment. NPS investment is covered under 80CCD (1B) which is over and above the upper investment limit of 1,50,000. The minimum yearly you can invest is 6000.00 or monthly minimum 500.00. Under NPS scheme you can open two types of account Tire-I & Tire-II 1) Tire-I It is a basic NPS account with limitations on withdrawal. Before attaining 60 years of age only 25% contribution can be withdrawn that is also tax free. 2) Tire-II ...