Retirement Fund: Even today people invest in fixed deposits or RD in banks. National Pension Scheme is also called NPS in short. Public Provident Fund is called PPF in short. This is also a scheme of the government to generate retirement fund.
Retirement Fund: Are you employed? If you are employed, then you must be thinking about your retirement life. After working for 28-30 years, when you retire from the job, what will be your source of income after that? It is also important to plan for this. Especially, it is most important for those people who work in private sector companies.
The retirement life of those working in government jobs becomes secure to some extent, but for people working in private firms, retirement life becomes a bit complicated. There is no fixed source of monthly income. In such a situation, it is very important to collect funds for retirement life even before retiring from the job. For this, it is important to look at those schemes, which create a big fund from small savings. Let us know about those schemes.
Atal Pension Yojana
This is a scheme started by the Government of India. It is designed to provide a fixed income to the middle and poor class people in their retirement life. After investing in it, the investor gets 1000 to 5000 rupees every month after retiring at the age of 60. Any person between 18 to 40 years can invest in this scheme. An account can be opened in this scheme by depositing at least 100 to 500 rupees every month. The maximum amount to be deposited in the account is not fixed.
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Public Provident Fund
Public Provident Fund is called PPF in short. This is also a retirement fund generating scheme of the government. After investing in it, the investor gets a secure income for retirement life. Investment is made in this scheme for up to 15 years. In this, you can invest from Rs 500 to Rs 1.5 lakh in a year. The specialty of this scheme is that you also get tax benefits on depositing money in it.
Mutual fund
We all must have heard about mutual funds, but today we will know what this scheme is. In simple language, it is a long term plan. If you invest in it for a period of more than 3 years, then you get a return of more than 12 percent. Mutual funds are subject to market risks. Therefore, it is very important to take advice from experts in this.
National Pension Scheme
National Pension Scheme is also called NPS in short. It is considered an easy retirement plan, in which after investing, after 60 years, you get about 60 percent of the amount from the National Pension Fund and 40 percent in the form of pension. Any government or private employee can invest in this scheme.
Fixed Deposit
Even today people invest in fixed deposits or RD in banks. In this, you get more benefits than the interest rates available in savings accounts. If you want, you can also invest in special FDs. These are some schemes with the help of which you can secure your pension fund and make it accessible for retirement days.
