National Pension System: If you are also thinking of saving money for old age, then you can invest in the National Pension System and get a pension of Rs 57,000 by saving Rs 100.
National Pension System: Investing in pension plans for old age is considered a good way. You continue to get regular income even after you retire from the job. Pension does not let you fall short of money. Many pension schemes are being run by the government. One of these is the National Pension System (NPS). Any citizen can invest under this scheme.
After retirement, apart from getting lump sum amount under this, pension is also available every month. You can invest in NPS through its website and the returns and benefits can be easily understood here. NPS calculator is also available here. If you want to invest, then you can understand the return on investment according to the need.
Under the National Pension System, more benefits can be availed by investing a very small amount. Here’s how you can get a monthly pension of Rs 57,000 by saving Rs 100 a day. Let’s understand the calculation
Pension on investment of 1500 per month at the age of 25 years
If you start investing Rs 1500 i.e. Rs 50 per day in NPS at the age of 25, then by the age of 60 the total capital will be Rs 57,42,416. However, for this the annual interest should be 10 percent. You can invest even till the age of 75 years. At the time of exit from the scheme, investors have the option of purchasing an annuity plan with a corpus of up to 100 per cent.
If 100% annuity is purchased from this copper, the subscriber can avail a monthly pension of Rs 28,712. If only 40% of the annuity is purchased, the monthly pension will be Rs 11,485 and you will get a lump sum amount of Rs 34 lakh, which you can withdraw.
How much pension will be received on Rs 100 per day?
If you start investing Rs 3000 every month from the age of 25 ie Rs 100 daily, then according to the NPS calculator, after 60 Rs 1,14,84,831 will be accumulated. If 100% annuity is purchased from this amount,
the total monthly pension will be Rs 57,412 and if only 40% annuity is purchased, only Rs 22,970 will be available as monthly pension, but the lump sum amount after retirement will be Rs 68 lakhs.
