Pension Scheme: Deposit only 1 thousand rupees every month, after retirement, you will get a pension of 20 thousand rupees, know how...
If you are thinking of planning for retirement and you have not started planning for your retirement yet, then start investing for your retirement as soon as possible. Only then will you be able to accumulate more money till your retirement. You will find it too expressive to accumulate your retirement money. If you start investing early, your monthly contribution will also be very less. Today we are telling you about the National Pension Scheme. Investing in this scheme does not involve many risks and it is a government scheme.
On depositing 1 thousand rupees, you will get a pension of 20 thousand rupees
The scheme was started by the Government of India in January 2004. The name of this scheme is National Pension Scheme. Initially, this scheme was only for government employees. This scheme was opened to all in the year 2009. NPS is a government scheme. Hence its terms and conditions are clear. You can read their terms and conditions by visiting the official website of NPS. Let us tell you how you can get a pension of 20 thousand rupees every month by depositing 1 thousand rupees of NPS. Let us understand this with the help of an example.
How to get a pension of Rs 21,140
For example, suppose Naman's age is 20 years. He starts investing in NPS after he gets his job. He invests Rs 1 thousand every month and in his retirement (60 years of age) he deposits a total of Rs 5.4 lakhs. If this money is taken as an annual 10% return, then the total investment will increase to Rs 1.05 crore. By the way, you must be aware that 40 percent of the NPS is used to buy an annuity. Accordingly, Rs 42.28 is used to buy an annuity. 21,140 of the month will be available as pension according to the annual 10% return. Along with this, if you talk about a lump sum amount, then you will get a lump sum amount of Rs 63.41 lakh. Any person who is above 18 years of age can open an account in NPS.
Pension will also increase due to an increase in contribution
If a subscriber whose salary is increasing and his contribution also increase. In NPS, then after retirement, he will get more lump sum amount and his pension will also get more.