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Home»NEWS»By investing only 5000 thousand in this government scheme, you can become a millionaire till the age of 60, know how to take advantage
NEWS

By investing only 5000 thousand in this government scheme, you can become a millionaire till the age of 60, know how to take advantage

Bhagyashree SoniBy Bhagyashree SoniJune 2, 2021No Comments2 Mins Read
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By investing only 5000 thousand in this government scheme, you can become a millionaire till the age of 60, know how to take advantage
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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.

read this also : There is a good earning opportunity in this government bank, investors can get 60 percent return in 6-12 months, know full details

7th pay commission: Employees will soon get increased salary, this facility launched for filing assessment form

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Bhagyashree Soni
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Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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