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Retirement Plan: There will never be a shortage of money after retirement, invest in these best 6 schemes


Retirement Plan: Everyone wishes to spend their old age comfortably. It is possible to a great extent, but for a better tomorrow, you need planning and investment. Therefore, planning your retirement is becoming very important these days. Without this, one may have to face financial struggles in old age, because then the income is limited and the expenses remain the same. To avoid problems, read 6 schemes and their information, by investing in which you can make your retirement secure.

1) National Pension Scheme (NPS):

NPS is a long-term investment plan, which works like a pension scheme. In this, one gets more benefits of compound interest. At present, the interest rate of NPS is between 9-12%. Investing in this for 30 years or more will give good returns. Any Indian citizen between the age of 18-60 years can take membership in this scheme.

2) Atal Pension Yojana (APY):

This scheme is a pension scheme run by the Government of India. By investing in this, a maximum pension of Rs 5 thousand can be obtained after the age of 60 years. Citizens between 18 to 40 years old can invest in the Atal Pension Yojana.

3) Post Office Monthly Income Scheme:

This is a small savings scheme of the post office, in which you can open an account in any post office in the country, and by depositing a lump sum retirement fund, you can get a fixed amount every month, which will keep your expenses met.

4) Senior Citizen Saving Scheme (SCSS):

This special savings scheme is for individuals above 60 years of age. Post Office has started this, in which investors get the benefit of maximum interest rate of 8.20%.

5) Mutual Funds:

Mutual funds can be a good option in which you can invest for retirement. You can get good returns by investing for a long time through Systematic Investment Plan (SIP). Many mutual funds can give returns of 15 to 20 percent in a year.

6) Fixed Deposit Scheme:

You can keep your retirement funds safe in FD schemes run by many government and private banks. Generally, banks offer higher interest rates to senior citizen customers, which can be a maximum of 8.50 to 9 percent.

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