FINANCE

NPS: How to get Rs 1 lakh per month with this scheme, know here

National Pension Scheme: Planning for post-retirement financial stability? The National Pension Scheme offers a stress-free solution, providing monthly pensions up to Rs 1 lakh.

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Whether you’re a government employee, private sector worker, or anyone else, this scheme is open for investment. Citizens aged 18 to 70 can participate in NPS, making it an ideal retirement option.

Key points:

Open to all: Government employees, private sector workers, and individuals can invest in NPS.

Age: Citizens between 18 to 70 years can participate in the National Pension System.

Long-term investment: NPS is a voluntary and long-term investment plan, ensuring financial security.

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Global investment: Even NRIs can invest in this pension scheme.

Contribution period: Contribution is required for 60 years or a maturity period of 20 years.

Return on investment: The scheme offers an average return ranging from 9% to 12%.

Monthly pension calculation: Investing Rs 10,000 monthly for 30 years yields a Rs 1 lakh monthly pension.

Equity exposure: The scheme provides equity exposure in the range of 50% to 75%.

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Tax benefits: Enjoy tax savings up to Rs 50,000 under section 80CCD (1) and up to Rs 1.5 lakh under section 80C.

Secure your retirement with NPS, a reliable option offering financial freedom and tax advantages.

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