NPS has its own peculiar features. The money is locked-in until you turn 60 years of age. On maturity, 40% of the corpus has to be compulsorily invested into annuity which is a taxable product. Annuity locks your investment till your death. There are different kinds of annuities. The popular annuity option is the return of purchase price to your nominee after your death. The remaining 60% of the maturity corpus can be withdrawn in a phased manner, between the age of 60 and 70. But the lump-sum is taxable. Many websites wrongly claim that the lump-sum (60%) is tax-exempt. NPS falls in EET (exempt–exempt-tax) category. You are not paying taxes on the gains your NPS investment makes, but on the amount you withdraw prematurely or on maturity. This is a killer. Until NPS gets into EEE (exempt-exempt-exempt) category, it is one of the worst pension products. Returns will be destroyed by tax. No matter how gung-ho ‘experts’ are after the recent Budget changes, taxability of NPS is a deal breaker. 
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The bare minimum expectation is for clarity from government and a boost as well as public welfare (introducing a simple retirement product that can given market-linked returns for all citizens) would be to make it EEE.