NPS invest:- Some schemes in the market make a person rich even with a small investment. Most markets have Linked Schemes, which allow you to make a big fund by contributing. The return of the Linked Scheme is determined according to the market. Different types of accounts are opened in such Linked Schemes, including Tier 1 and Tier 2. Tier 1 account is for all people.
To open a Tier 2 account, it is necessary to have a Tier 1 account. Sixty per cent of the total amount invested in NPS can be withdrawn after 60 years. You must use a minimum of 40 per cent of the amount as an annuity. With this annuity, people get the benefit of an ension quickly. How much pension you will get depends on your annuity. In this, you will have to invest for 25 years.
How to create a substantial fund at the age of 60
You can create a big fund at the age of 60 in NPS. If you invest Rs 5000 per month in NPS as per the Balanced Lifecycle Fund from age 35, you will have to invest continuously until age 60. In this way, you will have to invest for 25 years. Investing Rs 5,000 per month requires you to deposit Rs 60000 every year.
According to this, your investment in 25 years will be Rs 15 lakh. If you get a 10 per cent return, you will get Rs 47,17,573 as interest. In this way, the total corpus of the investors will be Rs 62,17,573. If you invest 40 per cent of the amount in an annuity, you will need to invest Rs 24,87,029
At 60, you can benefit from about Rs 37,30,544 as retirement. You get 7 percent return on annuity. According to this, you can benefit from Rs 14,508 every month as a pension. You can take it as a pension.
Retirement fund and how much pension?
If you take 50 per cent of the amount from NPS as a retirement fund, invest 40 per cent in the annuity. After this, you will quickly benefit from a fund of Rs 56,49,878. In this, if you invest 37,66 585 rupees in an annuity at the rate of 40 per cent, then if you get a return of 7 per cent on investing in an annuity, you will get the benefit of a pension of Rs 21,972 monthly.