NPS is a defined contribution schemes i.e. what an investor accumulate and get as pension after retirement is depended on how much is put into the scheme. The return, therefore, is not guaranteed but depends on performance of underlying assets. What makes NPS stand out amongst several other investment alternatives are its low-cost, easy accessibility and an option to build a corpus through market-linked asset classes.
Anyone between the ages 18-65 can join NPS, with a minimum investment of Rs 1,000 a year after fulfilling the KYC requirements. One gets a Permanent Retirement Account Number (PRAN) which captures all the data including personal details and transactions. At age 60, the contributions stops and one is allowed to withdraw up to 60 percent of the corpus while annuity starts on the balance 40 percent of the NPS corpus from any of the designated annuity providers.
Diese Geschichte stammt aus der April 2021-Ausgabe von Investors India.
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Diese Geschichte stammt aus der April 2021-Ausgabe von Investors India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Are You Drinking Too Much Coffee? If Yes, Then You Are Taking A Big Risk!
Coffee contains caffeine in maximum percentage:
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Q 1: Your take on the recent Household Consumption Expenditure Survey? Have you observed any great change in urban or rural consumption pattern?
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