The Pension Regulatory and Development Authority of India (PFRDA) has announced a major change in the rules for private sector employees. According to this new change, private sector employees can withdraw up to 80 percent of their NPS during retirement. And they can buy an annuity with 20 percent. Through which they will get pension. Earlier, the rule was 60 percent and 40 percent.
However, as a result of this new rule, the amount of pension will decrease. Although you will get a lot of money at once. So without wasting any more time, let’s know about this calculation in detail. We have done this calculation with 5000 rupees.
Suppose you are investing 5000 rupees every month. Then you will accumulate 60000 rupees in a year. Suppose you get 10 percent interest on it. And your retirement age is 60. Also, we have assumed that you will get 6 percent return on the annuity every year. Now let’s see the calculation.
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If a person starts investing at the age of 30
30 years is the investment period
Total investment is 18 lakhs
Interest is assumed to be 10 percent per year
As a result, 1.15 crores can be accumulated at the time of retirement
So you can understand that by investing just 5 thousand rupees at the age of 30, you can accumulate 1.15 crores. And according to the new rules, you can withdraw only 80 percent of this accumulated money. That is, out of this 1.15 crores, you can withdraw 92 lakhs. After that, you have to buy an annuity with 23 lakhs. This is about 23 lakhs of your deposited money.
Let’s say you are getting a return of 6 percent on the annuity, in that case, you will get a pension of 11000 to 12000 rupees per month.
If you are 40 years old
In this case, you can invest for 20 years
You can deposit a total of 12 lakh taka
You can get 48 to 50 lakhs in total
Then you can withdraw 38-40 lakh taka at the time of retirement. Then buy an annuity with 9 to 10 lakh taka. In that case, you will get an annuity of 4500 to 5000 taka per month.