Punjab National Bank (PNB) has brought safe and tension free scheme for its customers. In this scheme of the bank, along with safe investment, many facilities are available. Let’s know everything about this scheme …
New Delhi. Punjab National Bank- PNB, the country’s second largest state-run bank, offers a special scheme to make its customers’ tomorrow safe and tension free. The name of this scheme of the government is NPS (National Pension System). If you also invest in this scheme of the bank, then at the time of retirement you can get up to 68 lakh rupees in one lump sum. In this scheme of the bank, along with safe investment, many facilities are available. Let’s know everything about this scheme … What is National Pension System: National Pension System is a government retirement saving scheme, which was launched by the Central Government in 2004. Since 2009, the scheme has also been opened to people working in the private sector. Now any employee working in the private sector along with the government can join this scheme on their own free will.
Know the benefits of PNB scheme: By investing money in this special scheme of Punjab National Bank NPS, you can live a stress-free life even after your retirement.
- attractive market linked returns.
- This is the pension funds and investment option.
- Under this, there is an additional tax exemption of Rs 50,000 under Section 80CCD (1B).
- This section 80C is exempt from Rs 1.50 lakhs. Who can invest: People between 18 and 60 years of age can invest in the National Pension System. Accounts can be opened under this scheme by going to all government and private banks in the country. There is also a facility for pre maturity withdrawal: In NPS scheme you can also do pre maturity withdrawal under certain conditions. If you are going to start a new business or are planning to buy a house, then you can withdraw money first. Apart from this, you can also withdraw money for marriage, children’s studies and listed illness.
How to get 68 lakh rupees:
If you invest 5,000 rupees every month for 30 years, after thirty years your total contribution will be 18 lakh rupees. At the same time, if you get the estimated return on investment at the rate of 10 percent, then the total amount on maturity will be Rs 1.13 crore.
- Purchase of annuity 40%
- Estimated annuity rate 8%
- 60% of tax free withdrawal maturity amount
- Pension at the age of 60 rupees 30,391 month
- Lump sum cash 68.37 lakh rupees
