Retirement Pension Plan: After retirement, everyone wants to get a good pension. Therefore, we are going to tell you about such a scheme through which you can get a pension of up to Rs 2 lakh. So let us know what is its process…
Retirement Pension Plan: If you want to get a pension of up to Rs 2 lakh per month after retirement. If yes, then you will have to plan properly for this. You do not need to invest in NPS.
NPS scheme is one of the popular schemes for pension after retirement. The good thing about this scheme is that there is an option to invest in equity also in NPS. At this time, if you can start investing in the scheme as soon as possible, then it is not too late. By investing in this even in a very short time, you can get a pension of up to Rs 2 lakh.
Know immediately how much will have to be invested
According to the rules of NPS, no account holder can withdraw the entire amount at maturity. In this, annuity of at least Rs 40 will have to be purchased. This is how anyone gets pension after retirement. Whereas the remaining 60 percent amount can be withdrawn if you wish. Apart from this, those investing in NPS have the option to deposit their entire amount in annuity.
How to get pension of Rs 2 lakh-
For example, let us understand that if an investor is 40 years old, he has the option to invest for 20 years. In this, to get a pension of Rs 2 lakh every month, you should have a maturity of Rs 4.02 crore. The same corpus will get returns of up to 6 per cent in 20 years. Now, leaving Rs 1.61 crore as annuity, the remaining Rs 2.41 crore can be withdrawn. In such a situation, a monthly investment of Rs 52,500 will have to be made. The calculation of 10 percent return on this is Rs 4.02 crore.
Know what is NPS –
Let us tell you that NPS is called National Pension System. This is a pension scheme run by the Government of India for the economic security of the society after the age of majority. This scheme has been introduced for the citizens of the country and provides a stable source of income for cash safety.
Under this scheme the person gets regular cash amount. Due to which their economic condition improves. After joining this scheme, the person has to fulfill the prescribed eligibility and has to give regular contribution as per the scheme.
