The National Pension Scheme (NPS) is a government-supported retirement savings plan designed to provide individuals with a secure income after retirement. It allows systematic investments throughout your working years, with the accumulated funds providing financial stability during retirement. The scheme offers a mix of market-linked returns and tax benefits, making it an attractive option for retirement planning. However, the pros and cons of NPS scheme depend on an individual’s financial goals and preferences. Here, we examine the advantages and disadvantages of National Pension Scheme to help you decide if it’s the right retirement tool for you.