NPS - How to get Rs 1 lakh per month with this scheme ?

G GOWTHAM
Making plans for stable finances after retirement? With monthly annuities up to Rs 1 lakh, the National Pension Scheme provides a stress-free option. This initiative is available for investment by anyone, whether they work for the government, the business sector, or anything else. NPS is a great choice for retirement because it is open to anyone between the ages of 18 and 70.

Age: Citizens between 18 to 70 years can participate in the National Pension System.

Long-term investment: NPS is a voluntary and long-term investment plan, ensuring financial security.

Global investment: Even NRIs can invest in this pension scheme and can benefit.

Contribution period: Contribution is required for 60 years or a maturity period of 20 years.

Return on investment: The scheme offers an average return ranging from 9% to 12%.

Monthly pension calculation: Investing Rs 10,000 monthly for 30 years yields a Rs 1 lakh monthly pension.

Equity exposure: The scheme provides equity exposure in the range of 50% to 75%.

Tax benefits: Enjoy tax savings up to Rs 50,000 under section 80CCD (1) and up to Rs 1.5 lakh under section 80C.

Secure your retirement with NPS, a reliable option offering financial freedom and tax advantages.

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