National Pension System: By investing in NPS, you can get relief from future worries as well as many other facilities. NPS is a scheme under which money is arranged for your old age.
The country’s second largest state-run bank is offering PNB customers the facility to open National Pension System accounts. By investing in NPS, you can get relief from future worries as well as many other facilities. NPS is a scheme under which money is arranged for your old age. Explain that the National Pension System was started in January 2004 for government employees. It was opened to all categories of people in 2009.
According to the PNB website, our bank has started the National Pension System (NPS) through all our branches. PNB is registered as Point of Presence (POP). The bank said, all our branches will act as Point of Presence-Branches (POP-SPs) to assist individuals for NPS operations.
Make tomorrow better
>> Get the benefits of a portable account.
>> Take advantage of customized investment
>> Get the convenience of low cost structure.
>> Get options to invest till the age of 70.
राष्ट्रीय पेंशन प्रणाली में निवेश करने से आप भविष्य की चिंताओं से मुक्ति पाने के साथ -साथ कई अन्य सुविधाएं भी प्राप्त कर सकते हैं।
अधिक जानकारी के लिए क्लिक करें: https://t.co/oIWsHAMGbb pic.twitter.com/i1BDiEnPWd
— Punjab National Bank (@pnbindia) January 27, 2021
There are two types of accounts
There are two types of accounts in NPS. First tier-I and second tier-II. Tier-I is a retirement account, which is mandatory for every government employee to open. At the same time, Tier-II is a voluntary account, in which any salaried person can start investing on his behalf and withdraw money at any time. The minimum age limit for investing in NPS is 18 years. While the maximum age is 60 years.
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You will get 30 thousand rupees every month
- Monthly investment in NPS – Rs. 5,000 –
- Total contribution in 30 years –
- Estimated return on investment of Rs. 18 lakhs –
- Total amount on maturity of 10% – Purchase
- of annuity of Rs. 1.13 crores – 40%
- Estimated annuity rate – 8%
- tax free withdrawal – Maturity amount.
- Pension at the age of 60% – Rs 30,391 a month
- Lump sum cash – Rs 68.37 lakh
Here calculus has been done on purchasing annuity with 40 percent amount on NPS calculator. It is necessary to buy a 40 percent annuity.
How to open e-NPS account
To open an NPS account, first log in to the official website of PNB. Click on the New Registration link on the online Subscriber Registration page. Enter your virtual ID number and get the OTP on the registered number. Generate an acceptance number and fill in personal information. After filling the information, obtain the PRAN number and log in.
