India’s National Pension System (NPS) is undergoing one of its biggest transformations yet. From flexible withdrawals and higher equity exposure to SWP-style monthly payouts and multiple fund manager options, the new NPS framework is changing the way investors look at retirement planning. In this detailed conversation, Kshitiz Mahajan, CEO , complete circle explains how NPS is evolving beyond just a tax-saving product into a powerful long-term wealth creation and retirement tool. The discussion covers the latest NPS changes, how retirees can now create a salary-like income stream, the impact of inflation on retirement savings, NPS vs mutual funds, risks during market volatility, and why both salaried and self-employed individuals should seriously consider NPS as part of their portfolio. If you want to understand whether NPS deserves a place in your retirement strategy, this conversation breaks it down in simple terms.