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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 some of your monthly savings in this scheme from an early age and invest regularly in a disciplined manner, then not only can a better fund be arranged on retirement but a good pension can also be obtained every month. We are telling you with calculations that by saving just Rs 100 daily, 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, contributions have to be made till the age of 60 years 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
Monthly investment in NPS: Rs 3000
Total investment over 35 years: Rs 12,60,000 (Rs 12.60 lakh)
Estimated return on investment: 10 percent p.a.
Total amount: Rs 1,14,84,831 (Rs 1.15 crore)
Investment in annuity plan: 65 percent
Lumpsum value: Rs 40,19,691 (Rs 40.20 lakh crore)
Pensionable assets: Rs 74,65,140 (Rs 74.65 lakh)
Annuity return: 8 percent
Monthly pension: Rs 49,768 (about 50 thousand rupees)
How much return can you get?
A part of the amount you deposit 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, one can withdraw up to 60 per cent of the total amount as a lump sum, with the remaining 40 per cent going into the annuity plan. As per the new NPS guidelines, if the total amount is Rs 5 lakh or less, subscribers can withdraw the entire amount without buying an annuity plan. These withdrawals are also tax-free.
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 happily. If you save some of your monthly savings in this scheme from an early age and invest regularly in a disciplined manner, then not only can a better fund be arranged on retirement, but a good pension can also be obtained every month. We are telling you with calculations that by saving just Rs 100 daily, 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, contributions have to be made till the age of 60 years or 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
Monthly investment in NPS: Rs 3000
Total investment over 35 years: Rs 12,60,000 (Rs 12.60 lakh)
Estimated return on investment: 10 percent p.a.
Total amount: Rs 1,14,84,831 (Rs 1.15 crore)
Investment in annuity plan: 65 percent
Lumpsum value: Rs 40,19,691 (Rs 40.20 lakh crore)
Pensionable assets: Rs 74,65,140 (Rs 74.65 lakh)
Annuity return: 8 percent
Monthly pension: Rs 49,768 (about 50 thousand rupees)
How much return can you get?
A part of the amount you deposit 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 we look at the return history of NPS, till now 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, one can withdraw up to 60 per cent of the total amount as a lump sum, with the remaining 40 per cent going into the annuity plan. As per the new NPS guidelines, if the total amount is Rs 5 lakh or less, subscribers can withdraw the entire amount without buying an annuity plan. These withdrawals are also tax-free.