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Retirement Planning: Top 5 investment schemes, there will be no shortage of money in old age


Top 5 Schemes For Retirement Planning: There are many such schemes for retirement by investing in which you can easily survive your old age. By investing in these schemes, you not only get good returns but also get a pension.

Top 5 Schemes for Retirement Planning: If you want to strengthen your financial position after retirement, then there are many such schemes in which you can invest. There are some schemes in which a pension is also available after retirement. There are government and private schemes among them. If you start investing in these now, you can create a very good fund at the time of retirement.

1. PPF

You can accumulate a large corpus for retirement by investing in a Public Provident Fund (PPF). Its biggest feature is that investment can be started from Rs 500. Currently, this scheme is giving returns at the rate of 7.1 percent. Investment in this scheme can be made for 15 years. A maximum of Rs 1.50 lakh can be invested in this in a year. By investing in this you can also get an exemption in income tax.

2. SIP

SIP i.e. Systematic Investment Plan is a scheme that can make you a millionaire at the time of retirement. In this also you can start investing with Rs 500. However, if you invest Rs 5000 every month for 20 years, then you can create a fund of Rs 1 crore. This fund will be prepared at the rate of interest of 12 percent per annum. Also, keep in mind that every year the amount to be invested should be increased by 10 percent.


You can also prepare a big fund for retirement by investing in SCSS i.e. Senior Citizen Savings Scheme. This scheme of the post office is currently giving returns at the rate of 8.2 percent. In this, you can deposit Rs 1000 to Rs 30 lakh. It can be deposited in lump sum or small amounts can be deposited every month. In this, monthly income is received in the form of interest during 5 years. By investing in this scheme, you can also avail exemption of up to Rs 1.50 lakh in income tax.

4. MIS

This is also a plan of the post office. Its name is the Monthly Income Scheme. By investing a lump sum amount in this, you get a pension every month for 5 years. The deposit is returned after 5 years. Currently, 7.4 percent interest is being received on the deposited amount. In this scheme, an individual can invest a maximum of Rs 9 lakh and a couple can invest a maximum of Rs 15 lakh. In this, a person gets a maximum of Rs 5550 and a couple gets a maximum of Rs 9250 as pension every month.

5. APY

Atal Pension Yojana (APY) is also a good scheme for financial help on retirement. In this, after the age of 60 years, a pension of Rs 1000 to Rs 5000 is available. This amount of pension depends on how much amount you deposited in it. For this, an account can be opened by going to any bank.