If you want to build a good corpus after retirement, then NPS is a better option. In this you can get strong returns.
Benefits of NPS
If you are planning for retirement, but are confused about the investment scheme, then the government-run National Pension System (NPS) can be a better option for you. In this, you can make a corpus of crores of rupees till the age of 60 by depositing just Rs 5,000 every month. There is also the option of monthly pantheon.
Money is deposited in equities and bonds
Compounding interest is levied in the NPS scheme, so it gives better returns on the total amount. With this you can become a millionaire by the age of 60. 70 per cent of the investment in NPS is deposited in equities, 15 per cent in corporate bonds and the remaining 15 per cent in government bonds. According to the NPS calculator, if you deposit Rs 5,000 every month from the age of 30, then you will deposit about Rs 18 lakh in it. Usually it gives returns of 10 to 12 percent.
Know how much profit on 10% return
If you get 10 per cent return then at the age of 60 you will get around Rs 1.14 crore. Out of this, you will get 60% or 68 lakh rupees immediately. At the same time, you will get the remaining 46 lakh rupees as monthly pension. So every month you can get around Rs 22,850 per month.
Amount received at 12% interest
If you get 12 per cent return in NPS, then you will get Rs 1.75 crore at the age of 60. In such a situation, you can withdraw Rs 1.05 crore immediately, while you will get Rs 71 lakh as pension. You can get a pension of Rs 35,350 every month.
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