For people planning to save for retirement, the National Pension System (NPS) is a government-backed retirement and tax savings plan that not only provides tax advantages, but also ensures that capital accumulation pension increases over time through funding until retirement. It is preferable to choose a nominee when creating an NPS account as this will allow the nominee to withdraw the full amount of accrued pension. Up to three candidates can be nominated for the NPS Tier I account in accordance with the rules set by the Pension Fund Regulatory & Development Authority (PFRDA). The overall percentage of sharing for all candidates must be 100% and the subscriber must define the share of savings that he wishes to give to each candidate at death. For making nominations, the PFRDA has allowed online media and subscribers can either add a new one or update the details of existing candidates from the comfort of their own home.