NPS PENSION SCHEME: Everyone needs a regular income after retirement. If you are thinking about investing in a scheme, this news might be especially relevant for you. It’s important to note that if you don’t invest in the right place, you won’t receive sufficient monthly income. The National Pension System (NPS) can be an excellent investment option for this purpose. By investing in it, you can receive a regular pension after retirement, along with a lump sum of crores of rupees.
With NPS, you can withdraw 80% of the amount as a lump sum at the time of retirement, and the remaining 20% is invested in an annuity. After purchasing the annuity, you start receiving a monthly pension.
📌 Also Read: Government gives a big gift like the old pension scheme, DA will be hiked twice
Read Here: Samsung Galaxy A57 5G may soon be released in India, according to info that has leaked
Need a monthly pension of ₹50,000?
📌 Also Read: This Government Scheme Offers ₹50,000 Monthly Pension With ₹4 Crore Corpus, Full Details Inside
A monthly pension of ₹50,000 means an annual pension of ₹6 lakh. If the annuity yields an annual interest of 6%, then to receive a pension of ₹50,000, you would need to purchase an annuity worth ₹1 crore. According to NPS rules, after retirement, 80% of the amount is withdrawn as a lump sum, and 20% is invested in an annuity. This means that to purchase an annuity of ₹1 crore, a total of ₹5 crore should be accumulated in the NPS account.
How much monthly investment is required?
📌 Also Read: Electricity Bills Would Not Rise This Winter, Use Geysers and Heaters Like This
If you start investing at the age of 25 and continue investing until the age of 60, you would need to invest ₹14,000 to ₹15,000 every month. Assuming an average interest rate of 10%, after continuous investment, the total amount will reach ₹5 crore by the age of 60. You can withdraw 80% of this amount as a lump sum, i.e., ₹4 crore, while the remaining 20%, or ₹1 crore, can be invested in an annuity.
📌 Also Read: This Company Stock Surged by 33% After a Fall, Know Experts Opinion Buy, Sell or Hold?
Investing between the ages of 30 and 35
If you start investing at the age of 30, your monthly investment will be between 22,000 and 24,000 rupees. Similarly, if you start investing at the age of 35, your monthly investment should be between 35,000 and 38,000 rupees. If you invest consistently in the NPS (National Pension Scheme) in this manner, only then can you easily receive a pension of 50,000 rupees after retirement and a lump sum of crores of rupees.