The National Pension System (NPS) offers long-term financial security through market-linked investments and tax benefits. Contributors can claim exemptions up to Rs 1.5 lakh under Income Tax Act Sections 80C, 80CCC, and 80CCD (1), with an additional Rs 50,000 under 80CCD(1b). After 10 years, partial withdrawals are possible, with 80% corpus to be invested in annuity for lifelong pension. Recent NPS updates include mandatory two-factor authentication, flexibility in equity allocation, increased withdrawal options, and same-day NAV allotment through D-Remit, enhancing investment returns and growth opportunities for subscribers.