Saturday, October 1, 2022

Atal Pension Yojana Closed For Taxpayers But Taxpayers Can Invest IN NPS…

Atal Pension Yojana: The Modi government has closed the doors of Atal Pension Yojana for the income tax payers from October 1, 2022. The Finance Ministry has made a big change in the rules for subscribing to the Atal Pension Yojana. Those who pay income tax after October 1, 2022, who will not be able to invest in Atal Pension Yojana. In such a situation, the question arises, what is the option in front of the person who pays income tax and wants to join any pension scheme?

Let’s take a look at these options

National Pension System (NPS): One such National Pension System (NPS) scheme of the Central Government, which makes arrangements for good corpus at the time of retirement. If you invest in NPS i.e. National Pension System on time, then after the age of 60, you can get the benefit of pension of up to 1.5 lakh rupees.

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Who can open NPS account
You can open NPS account at any bank or post office wherever you want. For this, you have to deposit a minimum amount of 1000 rupees in NPS and at least 1000 rupees have to be deposited in this scheme.

You can invest in NPS in three ways
There are three investment options in the National Pension System – you can choose your mode from equity i.e. shares, government securities and corporate bonds. Those investing in equity mode have got returns of up to 12 per cent.

Online way to open NPS
Now 22 banks are providing online NPS service and the information related to them will be found on the website of NSDL, so you can go there first and understand all the important things. To open e-NPS, click on Enps.nsdl.com/eNPS and click on New Registration and fill your details and mobile number. The registered mobile number will be verified by OTP and here you will have to fill the details of the bank account. Next, fill the name of the nominee. A canceled check of the account for which the details have been given will have to be given. After this upload your photo and digital signature along with the canceled check. Fill your investment option in NPS which will be either Equity, G-sec or Corporate Bond. After making the payment, Permanent Retirement Account Number will be generated after which the payment receipt will come online.

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You can get Rs 1.5 lakh pension by investing in NPS
By saving Rs 10 thousand every month in NPS, one can get the benefit of pension up to Rs 1.50 lakh every month. Suppose at the age of 26, you took an NPS of 10 thousand rupees and put 10 thousand in it every month. In this, take at least 40 percent annuity option in equity option. In the next 36 years, you will put 40 lakh 80 thousand rupees in it. On this, when calculated according to the return of 12 percent, then the maturity amount will be Rs 5.69 crore. In this, Rs 2.28 crore will have to be put in 40 percent annuity. On which you can get a pension of Rs 1.50 lakh every month at the rate of 7 percent.

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