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60 thousand rupees pension can be received every month, take advantage of government's scheme

60 thousand rupees pension can be received every month, take advantage of government's scheme:  Investing at a young age brings huge benefits. This is why you should choose a scheme or plan that can strengthen your financial position in the coming days. In such a case, a government-run National Pension System (NPS) might prove to be a good option for you. You don't even have to invest much in a month. Of this, you can get a monthly pension of Rs 60,000 after retirement by investing only Rs 5,000 per month. With this you will get Rs 23 lakh.

Who can avail of NPS?

Any salary between the ages of 18 and 60 can be linked to the National Pension System (NPS). Previously, it was only for government employees, but since 2009, plans have been opened for the private sector.

Who takes care of the investment responsibility

Investments in Money Pension System (NPS) pension fund deposits are registered by the National Liability Regulatory and Development Authority (PFRDA) with pension fund managers. These fund managers are invested in fixed income instruments other than your money, government securities and non-government securities equity. Subscribers can choose from or edit these.

How to get a monthly pension of 60 thousand rupees?

If you plan to join at the age of 60 or 25 years of age 60, you must submit under 5000 Bucks plan every month. The total investment you make is Rs. 21 lakhs. If the projected return on total investment in NPS is 8%, the total fund will be 1.15 crore. If you buy 80% of the annuity, the value is Rs. Would be around 93 million. Lump sum value is close to Rs 23 lakh. If the annuity rate is 8%, then after the age of 60, there will be a pension of around Rs 61 thousand per month. Rs. A separate fund of Rs 23 lakh.

How to open an account

The government has made a point of introduction to government and private banks for the scheme in the NPS. You can open an account by visiting a nearest bank branch. All you need is a birth certificate, 10th degree, address proof and eye card. The registration form is available from the bank.

There are 2 types of accounts

There are two types of Tier-I and Tier-II accounts under the scheme. While a Tier II account can be created by opening a Tier I account, a Tier I open account is required. A Tier I account doesn't fully fund 60 years ago. You can invest with your own will or withdraw funds.

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