Monday, August 8, 2022
HomeFinanceNPS: Opportunity to get 30 thousand every month, learn about this special...

NPS: Opportunity to get 30 thousand every month, learn about this special scheme of PNB ..

new Delhi. PNB is offering customers the facility to open National Pension System account. NPS is a scheme under which money is arranged for their old age. Explain that the National Pension System was introduced in January 2004 for government employees. It was opened to all categories of people in 2009.

To open such an e-NPS account

first of all log on to the official website of PNB to open an NPS account. Click on the New Registration link on the online Subscriber Registration page. Enter your virtual ID number and get the OTP on the registered number. Generate an acceptance number and fill in personal information. After filling the information, obtain the PRAN number and log in.

Budget 2021-22: 10 ways to save income tax, read the news quickly

According to PNB website, the bank has started the National Pension System through all our branches. PNB is registered as Point of Presence. The bank said, all our branches will act as point of presence-branches to assist individuals for NPS operations.

There are two types of accounts in NPS. First tier-I and second tier-II. Tier-I is a retirement account, which is mandatory for every government employee to open. At the same time, Tier-II is a voluntary account, in which any salaried person can start investing on his behalf and withdraw money at any time. The minimum age limit for investing in NPS is 18 years. While the maximum age is 60 years.

This way you will get

monthly investment of Rs. 30 thousand in NPS – Rs. 5,000
, Total contribution in 30 years –
Estimated return on investment of Rs. 18 lakh –
Total amount on maturity of 10% – Purchase
of annuity of Rs. 1.13 crore – 40%
Estimated annuity rate – 8%
Tax Free Withdrawal – 60% of Maturity Amount Pension
at the age of 60 – Rs 30,391
Monthly Lump sum Cash – Rs 68.37 Lakh

Here calculus has been made on purchasing annuity with 40% amount on NPS calculator. It is necessary to buy a 40 percent annuity.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
- Advertisment -

Most Popular

Recent Comments