Everyone wants to take rest after retirement. At the same time, he also wants to fulfill those hobbies which he is not able to fulfill at the time of his job. In such a situation, for a fixed income to come after retirement, it is very important that a better pension plan should be bought at the right time. Let us know about two such plans where you get better returns.
Atal Pension Yojana
This scheme is also for the workers of unorganized sector. Under this, there is a provision to give guaranteed pension of minimum Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000 every month on completion of 60 years of age. A person up to the age of 40 years can apply for Atal Pension Yojana.
Will have to pay Rs 210
According to the current rules, if at the age of 18 years, a maximum of Rs 5000 is added to the scheme for monthly pension, then you will have to pay Rs 210 every month. If the same money is given every three months, then Rs 626 will have to be given and Rs 1,239 will have to be given in six months.
Joining at a young age will get more benefits
If you join at the age of 35 for 5 thousand pension, then you have to deposit Rs 5,323 in 6 months till 25 years. In such a situation, the total investment will be Rs 2.66 lakh, on which a monthly pension of Rs 5000 will be available. Whereas on joining at the age of 18, the total investment will be only Rs 1.04 lakh. That is, about Rs 1.60 lakh more will have to be invested for the same pension.
National Pension System (NPS)
NPS is a Voluntary Defined Contribution Retirement Saving Scheme and can be availed by any salaried person. The money of the person taking NPS is invested in equity or debt or both. How much money a person taking NPS will get in pension on completion of 60 years depends on the market. According to experts, at present, returns are available in the range of 8 percent to 12 percent. But being market dependent, there is no fixed amount for returns.
account will open like this
The government has made public and private banks a point of presence for the NPS scheme. You can open an account at any nearest bank branch. For this you need Birth Certificate, 10th Degree, Address Proof and I Card. The registration form for NPS will be available from the bank.
