Pension Plan: Like government employees, if you also want to get pension at the time of retirement, then definitely invest in the government scheme NPS. You can get many benefits by investing here.
Pension Plan: Started doing job but didn’t think anything about future. If you want to live happily after 60 and spend your retirement with ease, then you should start planning for retirement from the very first day of the job. If you are a government employee then you can spend retirement with pension, but if you are a private employee then you have to prepare for your pension by yourself. For this you can invest in different government schemes. Today we are telling you about the National Pension System, where by investing you can think of worry-free retirement.
What is National Pension Scheme (NPS)?
National Pension Scheme is a government pension scheme. This scheme was started in 2004 for government employees but in 2009 it was opened for all categories of employees. It is regulated by the Pension Fund Regulatory and Development Authority. Now an employee of any sector can invest in it and can take advantage of the scheme.
Special features of investing in this scheme
You must be at least 18 years and maximum 70 years to invest in the scheme. The special thing is that it can be availed even before retirement. That is, you can withdraw some amount even before retirement. At the time of retirement, you can withdraw 60 percent from this scheme and the remaining 40 percent goes to the pension scheme.
Benefits of investing in this scheme
- Guaranteed pension after retirement
- Under 80CCE, an additional exemption of 50 thousand rupees can be given.
- The minimum investment limit under National Pension Scheme is Rs.6000
- In case of death of the investor before maturity, the nominee will get the amount
- Not more than one account can be opened under this scheme.
- NPS account can be opened separately in the name of wife
