The Old Pension Scheme (OPS) is one of India’s most established pension systems, introduced in the 19th century. Though it ...

The Unified Pension Scheme (UPS) will be introduced for Central Government ... that UPS has been introduced as an option under NPS to offer a guaranteed monthly payout to central government ...

UPS offers a guaranteed pension for life and 60% of it for your spouse. NPS, on the other hand, allows you to withdraw 60% of the corpus as a tax-free lump sum and invest the remaining 40% into an ...