If you invest in this scheme you can get a pension of Rs 1 lakh per month.. Do you know how?
If you invest in this scheme you can get a pension of Rs 1 lakh per month.. Do you know how? Let's see how to get 1 lakh rupees per month as pension through NPS schemeThe central government is implementing various schemes to help the middle and poor people. It implements many pension schemes especially to lead a comfortable life after retirement. The most important scheme among them is the NPS (National Pension System) scheme.This scheme helps one to save for his retirement. NPS is one of the most efficient ways to increase your retirement income and save tax. NPS helps individuals plan for a financially secure retirement with systematic savings.But since the NPS scheme offers compounded returns, a longer investment period will increase your returns faster. Let's see how to get 1 lakh rupees per month as pension through NPS scheme. If a person invests Rs 8,700 per month in NPS at the age of 21 for the next 39 years, he will get a pension of over Rs 1,00,000 per month by the age of 60.How much should be invested in NPS to get a pension of Rs 1 lakh per month? One should invest Rs.8,700 per month in this scheme at the age of 21. If he invests in this scheme for more than 10 years, he will get 10% return on his investment. So he will get a total of Rs.5,01,19,582.NPS rules eased from today-Things that'll change for pensionersIf you take 60 percent from that total amount (60 percent is the maximum limit you can withdraw at retirement age), then you will have an annuity of 40 percent.The government invests an annuity in debt funds or corporate bonds that generate fixed income. If you get six percent return on an annuity, the amount invested in the annuity is Rs. 30,07,1749 will be. So he can get Rs.1,00,239 as monthly pension after 60 years of age.Investing in NPS is subject to market risks. Hence it is advised to consult with their investment advisors before investing in this scheme.