New Delhi, April 28 -- In Episode 4 of "NPS Made Simple", Subhasis Ghosh, CEO of Kotak Mahindra Pension Fund, dives into a topic that often confuses first-time investors-the difference between Tier 1 and Tier 2 accounts within the National Pension System (NPS). Can one system handle both long-term retirement goals and short-term liquidity needs?

It turns out it can. In a candid conversation, Ghosh explains how NPS offers a dual-layered solution for Indian investors.

Q: Arjun, 38, is trying to plan for both retirement and emergencies. What's the basic difference between Tier 1 and Tier 2 accounts?Think of Tier 1 as your core retirement account, just like a provident fund. It's designed for long-term savings, with limited withdrawals allo...