What is an NPS Account? NPS is a long-term, voluntary retirement savings scheme managed by the Pens
Why HUFs Are Not Eligible
The National Pension System is designed for individual citizens of India, whether they are salaried employees or self-employed professionals. According to PFRDA guidelines, only individuals—whether they be citizens of India or Non-Resident Indians (NRIs) between the ages of 18 to 70—are allowed to subscribe to the NPS.
An HUF, on the other hand, is a separate legal entity recognized under Indian law, created for the purpose of managing family assets.