Schemes for Retirement Planning : If you have not started preparing for your retirement yet, do it from today itself. Because while doing service , if you start investing for the future, then you will be able to easily face your old age in fun .
That’s why it is always advised to start investing from the first day of the job. Today we are telling you about those 5 schemes, where you can invest and do your retirement planning . By investing in these schemes being run by the government, you will not have to worry about your old age.
Life Insurance Corporation of India
If you are planning for retirement and want to invest in a government and safe place, then you can invest in the Simple Pension Scheme of Life Insurance Corporation of India. There are many advantages of this scheme. In this, you can start taking pension from the age of 40, not 60. In this scheme, you just have to invest a lump sum amount and you can get pension for life. You can withdraw money from the policy at the time of critical illness. On surrendering the policy, 95% is returned to you. Apart from this, you can also take a loan on this scheme.
National Pension Scheme
If you want to invest in a tax-friendly scheme, then the National Pension Scheme can prove to be very useful for you. This scheme is also safe i.e. the money invested here will not be lost. You can invest in this scheme to live a life of peace and comfort at the time of retirement. In this scheme you will get a fixed pension. After paying premium continuously for 3 years, you can withdraw money from it. Only 25% of the total deposit amount can be withdrawn before maturity.
Atal Pension Yojana
Under the Atal Pension Yojana, on attaining the age of 60 years, a pension of Rs 1000 to Rs 5000 is available every month. In this, a person from 18 years to 40 years can invest in it. In this you can withdraw 100%. Under this scheme, the government contributes 50 per cent of the subscribers’ contribution or Rs 1000 every year, whichever is less.
Pradhan Mantri Vaya Vandana Yojana
If you want to invest money in a safe place, then you can think of investing in Pradhan Mantri Vaya Vandana Yojana. If you also want monthly pension after retirement sitting at home, then for this you will have to invest 15 lakh rupees under this scheme. Pension ranging from Rs 1,000 to Rs 10,000 is available in this scheme. Means if you have deposited Rs 15 lakh, then interest at the rate of 8% will be Rs 1.20 lakh in a year. Now you will get this amount monthly, quarterly, half-yearly or annually.
Senior Citizen Savings Scheme
Senior Citizen Savings Scheme is also a safe and government scheme. You can invest in this for 5 years. At present, this scheme is getting 7.4% returns every year. You can start investing in this scheme from Rs 1000. You have to invest in this scheme for at least 5 years and after that you can extend it further. This scheme is available to all people above 60 years of age.