Tuesday, October 4, 2022

NPS Pension: Now after retirement, you will get Rs 2 lakh pension every month, know how to invest

NPS Retirement Planning: There is no rocket science required to become a millionaire, but regular investments and choosing the right scheme are needed. We are going to tell you how you can get a pension of up to Rs 2 lakh every month after retirement.

NPS Pension Calculator: Everyone is worried about old age expenses. If you also want that your old age is safe and you do not have any problem with money in old age, then you should plan in advance. You should start saving money for retirement from the day you start your job. In fact, the sooner you start saving, the more money you will get till retirement. You have a variety of investment alternatives at your disposal to help you build up your retirement savings, including EPF, NPS, the stock market, mutual funds, real estate, etc.

The government is running many schemes
To secure your retirement, the central government has made several schemes where you can invest. If you are employed then you should also think that when you retire, you will get a huge amount every month as a pension. But for this, you have to invest from today itself, so that after 60 years your old age can be safe.

What is NPS Scheme
National Pension System (NPS) is a government pension scheme consisting of both equity and debt instruments. NPS gets a guarantee from the government. You should invest in an NPS plan to get a higher monthly pension after retirement.

Income tax exemption
NPS Pension Scheme is a government scheme like Public Provident Fund (PPF), Employees Provident Fund (EPF), Sukanya Samriddhi Yojana, etc. In this, an investor can increase his monthly pension amount by using the maturity amount properly. Through NPS, you can save tax up to Rs 2 lakh annually Under Section 80C of Income Tax, you can save tax up to a maximum of Rs 1.5 lakh. If you invest in NPS, you will get an additional tax exemption of up to Rs 50,000.

2 lakh monthly pension will be available
If you deposit 5000 rupees every month for 40 years in NPC then you will get 1.91 crores. After this, you will get a 2 lakh monthly pension on investment of maturity amount. Under this, you will also get a monthly return of Rs 1.43 lakh and Rs 63,768 from the Systematic Withdrawal Plan (SWP). In this, a monthly pension of Rs 63,768 will continue to be received from the annuity till the investor is alive.

Rs 63,768 monthly pension in 20 years
If you invest Rs 5000 every month from 20 years till retirement then you will get a lump sum maturity amount of Rs 1.91 crore to 1.27 crore. After this, you can get a Rs 63,768 monthly pension of Rs 1.27 crore per month with a 6% return.

Read More: PFRDA: Exciting pension news! Under the NPS, a ‘guaranteed return’ will be accessible; learn about the government’s strategy.

There are
There are two types of NPS There are two types of NPS, NPS Tier 1 and NPS Tier-2. Tier-1 requires a minimum investment of Rs. 500, while Tier-2 requires Rs. 1000. However, there is no maximum investment limit. There are three investment options available in NPS, in which the investor has to choose where his money will be invested. Equity, corporate debt, and government bonds. With more investment in equities, it also gives higher returns. Keep in mind that you should make any investment only after talking to your investment advisor.

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                  Click Here
🔥 Facebook Page                  Click Here
🔥 Instagram                  Click Here
🔥 Telegram Channel                   Click Here
🔥 Google News                  Click Here
🔥 Twitter                  Click Here


Please enter your comment!
Please enter your name here


Most Popular



Vistara Airlines Live TV Service: Vistara passengers will be able to watch World Cup matches during the flight, live streaming starts in the airline

Vistara On Board Live TV: If you travel by Vistara Airlines, then you will be happy to hear this news. Passengers will now be...

Six significant changes took effect on October 1st: cheaper cylinders, tokenization technology adopted for card payments, higher interest rates on small savings plans.

October 1st brought about a lot of changes. Income taxpayers will be unable to participate in the Atal Pension Scheme. In addition, a tokenization...

Card tokenization regulations that go into effect from October 1st prohibit businesses from saving credit and debit card information and require them, understand...

Beginning on October 1st, new rules will apply to cardholders who use debit and credit cards. The Reserve Bank of India's (RBI) Card-on-File Tokenization...

Digital Life Certificate: Pensioners get exemption on submission of life certificate, know new update, follow these steps

Deadline for submission of life certificate: If you take advantage of any pension scheme from the central government, then this news can prove to...

Toyota Cars Price Hiked: Toyota has increased the prices of these vehicles, now will have to spend 77 thousand rupees more

Toyota Fortuner, Innova Price: Toyota's SUV has a stronghold in the Indian market. Among these, Innova Crysta and Fortuner have a lot of sales....

Most Popular


* indicates required