Thu, Oct 24, 2024
Learn how regular investment in the National Pension System (NPS) can help investors build approximately 6.50 crore retirement corpus and an estimated monthly pension of Rs 1.62 lakhs by the age of 60.
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Wed, Oct 23, 2024
If you’re looking for a reliable government-backed plan, National Pension System(NPS) emerges as one of the key retirement planning options that can help you achieve financial freedom post retirement. It provides 5 types of pensions.
Thu, Aug 29, 2024
Retirement Planning: National Pension System (NPS) is a retirement scheme, which people consider as an investment tool to generate a retirement corpus and get a monthly pension post retirement. But the retirement scheme not only provides benefits in your old age, you may get many of them even in your young age.
Wed, Aug 28, 2024
EPF vs NPS vs SIP: Employees' Provident Fund (EPF) and National Pension System (NPS) both are retirement schemes, where one can contribute on a monthly basis. Through SIP, one can invest in mutual funds. All 3 schemes can help one a sizeable retirement corpus in the long run.
Fri, Aug 23, 2024
Systematic Investment Plan (SIP) can help one build a sizeable retirement corpus with the help of constant investing in the long term. Though systematic withdrawal (SWP), one can withdraw that money in phases to secure monthly income.
Wed, Aug 21, 2024
NPS vs PPF Calculator: National Pension System (NPS) is a market-linked retirement scheme where a NPS subscriber can choose equity exposure up to 75 per cent based on their age and risk appetite. This is a small savings scheme run by the post office and banks. Used as a small savings retirement scheme, PPF provides 7.1 per cent interest compounded yearly. The scheme has 15 years of lock-in period, but one can get an unlimited number of 5-year extensions at maturity.
Top 7 NPS SIP mutual funds in 5 Years: NPS subscribers can contribute from the age of 18 to 75. At 60 years of age, they get the option to withdraw up to 60 per cent of their retirement corpus. They need to purchase annuity from the rest of the 40 per cent money to get a monthly pension. If they want, they can defer or delay their withdrawal. NPS has Tier I and Tier II accounts. Contributions to a Tier I account provide tax benefits of up to Rs 2 lakh in a financial year to old tax regime taxpayers.
Fri, Aug 09, 2024
NPS Retirement Corpus: A delay in the NPS exit can help grow their retirement corpus and annuity amount exponentially. Delaying NPS exit by 15 years, from 60 to 75, can increase the value of their Rs 2 crore corpus by over 4 times.
Tue, Aug 06, 2024
EPFO Monthly Pension: An EPF account holder is eligible to receive a monthly pension at the age of 58. However, under certain conditions, they can also start receiving the monthly pension at the age of 50 if they have completed 10 years of service.
Fri, Aug 02, 2024
National Pension System: One can contribute from the age of 18 till 75 at least once in a financial year, or on a monthly basis. The Tier I scheme has a lock-in period of the retirement age of 60 years. At 60, one can withdraw up to 60 per cent of their retirement corpus and invest the rest of 40 per cent in an annuity plan to draw a monthly pension. If one wants, they can purchase annuity of their 100 per cent corpus.
Thu, Aug 01, 2024
NPS Retirement Planning: In NPS, at the age of 60 years, the NPS account holder gets the option to withdraw up to 60 per cent of their retirement corpus and invest the rest 40 per cent to purchase an annuity. The purpose of investing annuity is to get a monthly pension.
Fri, Jul 26, 2024
NPS Monthy Pension, NPS Retirement Corpus: Finance Minister Nirmala Sitharaman made an important announcement in Budget 2024 for National Pension System (NPS) accountholders.
Wed, May 08, 2024
Post Office Monthly Income Scheme Account (MIS), Atal Pension Yojana, Fixed Deposits, and the systematic withdrawal plan are some of the investment options that provide monthly pension to senior citizens.
Wed, Mar 27, 2024
Monthly Income Scheme (MIS) at Post Office: Did you know that you can earn monthly interest ranging from Rs 6 to Rs 9,250 for five years against a one-time deposit to the tune of Rs 1,000-15,00,000 in a special, guaranteed income small savings scheme at the post office? Formally known as the National Savings Monthly Income Account (MIS), this savings plan enables depositors to park their funds to earn interest every month for the entire maturity period of five years. And what is the interest rate of the MIS plan? Currently, the scheme delivers a return of 7.4 per cent (paid monthly). Read on to learn all about this investment plan with examples.
Sat, Jun 01, 2019
The Modi 2.0 government in its first Cabinet meeting Friday approved a new scheme, which assures minimum monthly pension of Rs 3,000 to all shopkeepers, retail traders and self employed persons after attaining the age of 60 years, fulfilling its poll promise.
Mon, Feb 04, 2019
This segment of Zee Business brings to you latest from Budget 2019 under which the monthly pension for unorganised sector has been increased to Rs 3,000. Watch full video to know more.
Thu, May 17, 2018
According to the recent ministry estimates, around Rs 42,000 crore has been collected as construction workers welfare cess by states and Union Territories. Of this, around Rs 12,000 crore has been spent. The Building and Other Construction Workers Welfare Cess Act, 1996, provides for levy and collection of cess. The cess is being collected at 1 per cent of the cost of construction.
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