Wed, Sep 18, 2024
Do you know what are the basic differences between the National Pension System (NPS) and Systematic Investment Plan (SIP)? Which option can generate a larger corpus from a monthly investment of Rs 12,000 over 25 years? In this write-up, you will get full calculations and projections of each scheme. Whether you're planning for retirement or looking for long-term investment strategies, this will help you. Know the benefits of both NPS and SIP and maximize your financial future.
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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.
Tue, Feb 13, 2024
National Pension System, or National Pension Scheme (NPS) is a government investment plan focused on retirement planning. The scheme, which is open to government as well as private sector employees, can help one achieve financial freedom at retirement through a regular monthly contribution. Since NPS provides compounding, one can create a huge corpus with consistent investments in the long run. An investment of 10,000 a month may also help one get over Rs 1.50 crore in a lump sum and over Rs 1.14 lakh monthly pension. Know how!
Mon, Feb 12, 2018
NPS is termed as contribution retirement savings scheme developed to enable the subscribers for making decisions regarding their future through systematic savings during their working life.
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