NPS is better than EPF for retirement for several reasons: NPS allows individuals to invest from age 18-60, has a longer lock-in period of 60 years, allows up to 50% of the corpus to be invested in equities for higher returns, and provides more tax benefits including deductions under sections 80C, 80CCF, and 80CCD(2). In contrast, EPF is only for salaried employees, has no lock-in period, invests only in government securities or bonds, and the employer must contribute an equal amount. The main advantage of NPS is the portability and transparency provided by the unique PRAN number, which remains valid for life and allows online access to account