Retirement, invest in this great scheme of the government, know the details

Retirement, invest in this great scheme of the government, know the details

For an investment of Rs 75,000 per month, the maturity amount of NPS i.e. at 60 years of age is Rs. 3.83 crore should be. This money will be available from the annuity plan which is invested at the time of maturity.

If you want a pension of Rs 75,000 per month after retirement . So you can invest in National Pension System i.e. NPS . NPS is considered as the best way of retirement planning. This is a government scheme in which if the money is deposited regularly, a large amount can be built up till retirement. On maturity of NPS a customer can withdraw a lumpsum amount and buy an annuity plan with the remaining amount to get a monthly fixed pension. 

Given  two modes of investment choices, NPS is considered better

for people who need a fixed amount of money every month for post-retirement expenses . Especially when there is no source of income. NPS investment is very low risk and offers higher returns than PPF, Fixed Deposit. Under NPS , the customer is given an opportunity to invest in two modes namely active and auto choice .

How to get a pension of Rs 75,000 In 

Active Choice, the customer allows his money to be invested in instruments like stocks, government securities . 75% of the total NPS investment can be invested in Active Choice . Let's find out how much one has to invest in NPS for a pension of Rs 75,000 per month .

For an investment of Rs 75,000 per month , the maturity amount of NPS should be Rs 3.83 crore at 60 years of the customer. This money will be received from the annuity plan which is invested at maturity . The most important thing is how to accumulate Rs 3.83 crore, so that after the age of 60 years, a pension of Rs 75,000 per month will be available.

Start investing with Rs 10,000

Suppose a 25-year-old person invests Rs. in NPS every month for next 35 years. 10,000 starts investing . 3,82,82,768 rupees will be accumulated at the age of 60, assuming a return of 10% per annum. 

If 40 percent of this amount is invested in buying an annuity plan , then every month till retirement Rs. 76,566 will be obtained. People who are 30 years old and have a monthly NPS of Rs. 16,500 starts investing . They can easily get Rs. 75,218 will get pension.