National Pension Scheme: Many special schemes have been run by the Central Government, through which investors have got bumper benefits. Along with giving financial assistance, the government had also started many schemes for the general public regarding pension, so that people can make their old age secure along with their present day. The National Pension Scheme (NPS Scheme) has given good returns to the people during the last 12 years.
Investors should start investing early
Pension Fund Regulatory and Development Authority (PFRDA) Chairman Supratim Bandopadhyay has said that the National Pension System has given good returns to the people during the last 12 years. He said that any individual or subscriber should start investing in this scheme early to get maximum benefits.
Highest return in equity in 12 years
Addressing the Confederation of Indian Industry (CII) at the Insurance and Pensions Summit on Monday, Bandopadhyay said, “During the last 12 years, the returns under equity schemes have been more than 12 per cent and in government securities it has been 9.9 per cent. Despite the developments related to loans in corporate bonds, it has been 9.59 per cent on a yearly basis. Our pension fund assets have largely survived these developments.
1000 rupees have to be paid
Bandopadhyay said that NPS gives an option to adopt a very flexible approach, but one should start investing in it early. He said that there is flexibility in this because you have to pay only Rs 1,000. There is no fixed contribution in this. You can contribute to it at any level while complying with PMLA.
You can invest in NPS and APY
Bandopadhyay said that a lot still needs to be done to make India a pensioned society. Insurance Regulatory and Development Authority (IRDA), PFRDA and CII should together create a platform to spread awareness about pension in the country. PFRDA gives the option of two pension schemes NPS and Atal Pension Yojana (APY).
What is National Pension System?
Let us tell you that in the year 2004, NPS was first started for government employees but later in 2009, the general public was also given the freedom to invest in it. Its most important thing is that you invest in it till retirement. This is such a fund in which you keep investing a small amount but by the time of retirement this fund becomes too much. The earlier you start investing, the greater will be the profit.
Who can invest?
Talking about the eligibility for this scheme, any Indian citizen of 18-65 years can open an account. An individual can open only one NPS account. This cannot be a joint account.
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