look news india
Trusting others can be quite challenging. That's why people often plan for their retirement while still working. Many schemes are being run to save for the future.
By investing in these schemes, a person gets the facility to receive pension every month after retirement. Today we will tell you about some such schemes which will provide you monthly income even after retirement, which will make it easier for you to manage your expenses. Let us know about these schemes.
National Pension System (NPS)
People often plan for their retirement in advance, wondering how they will spend their later years. In such cases, receiving a monthly pension can be very beneficial. Investing in the government-run National Pension System (NPS) can prove to be a good option.
You will have to invest monthly in this scheme. After the age of 12, you will receive 60% of the NPS fund amount as a lump sum, while the remaining 40% will be provided as a monthly pension. Initially the benefit of this scheme was available only to government employees, but now private employees can also avail it.
Atal Pension Yojana
The Central Government started Atal Pension Yojana in 2015. This scheme was started keeping in mind the middle class and economically weaker section. Monthly investment is made in this scheme. Anyone between 18 to 40 years can invest. This scheme matures at the age of 60 years. After the age of 60, beneficiaries receive a monthly pension ranging from ₹1,000 to ₹5,000.
Senior Citizens Savings Scheme (SCSS)
The Senior Citizens Savings Scheme offered by the post office is a good scheme for retirement. You get good interest by investing in this scheme. The lump sum amount received after retirement can be invested in this scheme.
Earlier the maximum investment limit in this scheme was Rs 15 lakh, which has now been increased to Rs 30 lakh. This scheme offers an annual interest rate of 8%. The duration of this scheme is 5 years, but after the initial period it can be extended for an additional 3 years.