National Pension System: If you save some amount from your monthly savings in this scheme from an early age and invest regularly in a disciplined manner, then not only better funds can be arranged on retirement, but also a good pension every month can be arranged.
National Pension System: National Pension System is a retirement scheme in which if you plan to invest as soon as you get a job, then your old age will be spent in fun. If you save something from your monthly savings in this scheme from an early age and invest regularly in a disciplined manner, then on retirement not only better funds can be arranged but also a good pension every month. We are telling you with calculations how by saving just Rs 100 per day, you will get a lump sum fund of Rs 40 lakh on retirement and a pension of Rs 50 thousand every month.
Central Government Pension Scheme
National Pension System is a pension scheme of the Central Government, in which investment is made keeping retirement in mind. Any Indian citizen (government employee or private sector employee) between the age of 18 to 70 years can open an account in the National Pension System. NRIs are also eligible for this. After opening the account, one has to contribute till the age of 60 or till maturity i.e. 70 years. If we look at the return history of NPS, till now it has given 8% to 12% annual return.
NPS Calculator
Age to start investing: 25 years
Investment in NPS every month: Rs 3000
Total investment in 35 years: Rs 12,60,000 (Rs 12.60 lakh)
Estimated return on investment: 10 percent annually
Total corpus: Rs 1,14,84,831 (Rs 1.15 crore)
Investment in annuity plan: 65 percent
Lump sum value: Rs 40,19,691 (Rs 40.20 lakh crore)
Pensionable wealth: Rs 74,65,140 (Rs 74.65 lakh)
Annuity return: 8 percent
Monthly pension: Rs 49,768 (about Rs 50 thousand)
How much return can you get
A part of the amount deposited by you in NPS is invested in equity, so guaranteed returns cannot be obtained in this scheme. However, it can still give higher returns than other traditional long term investments like PPF. If we look at the return history of NPS, till now it has given 9% to 12% annual return. In NPS, if you are not satisfied with the performance of the fund then you are also given the option to change your fund manager.
Withdrawal rules after retirement
Currently, a person can withdraw up to 60 per cent of the total corpus as a lump sum, the remaining 40 per cent goes to the annuity plan. Under the new NPS guidelines, if the total corpus is Rs 5 lakh or less, subscribers can withdraw the entire amount without buying an annuity plan. These withdrawals are also tax-free.
The National Pension System is a retirement scheme in which if you plan to invest as soon as you get a job, then old age will be spent happily. If you save something from your monthly savings in this scheme from an early age and invest regularly in a disciplined manner, then not only a better fund can be arranged on retirement, but also a good pension every month. We are telling you with calculations how by saving just Rs 100 a day, you will get a lump sum of Rs 40 lakh on retirement and a pension of Rs 50 thousand every month.
Central Government Pension Scheme
National Pension System is a pension scheme of the Central Government, in which investment is made keeping retirement in mind. Any Indian citizen (government employee or private sector employee) between the age of 18 to 70 years can open an account in the National Pension System. NRIs are also eligible for this. After opening the account, one has to contribute till the age of 60 or till maturity i.e. 70 years. If we look at the return history of NPS, till now it has given 8% to 12% annual return.
NPS Calculator
Age to start investing: 25 years
Investment in NPS every month: Rs 3000
Total investment in 35 years: Rs 12,60,000 (Rs 12.60 lakh)
Estimated return on investment: 10 percent annually
Total corpus: Rs 1,14,84,831 (Rs 1.15 crore)
Investment in annuity plan: 65 percent
Lump sum value: Rs 40,19,691 (Rs 40.20 lakh crore)
Pensionable wealth: Rs 74,65,140 (Rs 74.65 lakh)
Annuity return: 8 percent
Monthly pension: Rs 49,768 (about Rs 50 thousand)
How much return can you get
A part of the amount deposited by you in NPS is invested in equity, so this scheme cannot give guaranteed returns. However, it can still give higher returns than other traditional long term investments like PPF. If you look at the return history of NPS, so far it has given 9% to 12% annual return. In NPS, you are also given the option to change your fund manager if you are not satisfied with the performance of the fund.
Withdrawal rules after retirement
Currently, a person can withdraw up to 60 per cent of the total corpus as a lump sum, the remaining 40 per cent goes to the annuity plan. Under the new NPS guidelines, if the total corpus is Rs 5 lakh or less, subscribers can withdraw the entire amount without buying an annuity plan. These withdrawals are also tax-free.
