If a member investing in EPFO ​​dies due to any reason, then the family does not have to face financial problems. Under this scheme, in case of death of the employee, his family gets many benefits. In this article we are going to give you complete information about it.

What is available under the EPS 1995 Scheme?

Let us tell you that if a pensioner dies, 50% of his pension is given to his widow/widower. Under the EPS 1995 scheme, in case of death of an employee during service, his wife/husband is given a minimum pension of ₹ 1000 per month. Apart from this, children of the deceased member can also get the benefit of children pension till the age of 25 years. Which is called Child Pension Scheme. However, it has some conditions. Let us know about it…

Also Read: Cyber Security: Do not make these mistakes in creating passwords

Apart from husband or wife, two children will also get pension.

First of all, know that on the death of an EPFO ​​member, his spouse always gets pension. Along with this, his two children also get pension. They get this pension until they attain the age of 25 years. If the member who has died has more than 2 children and the first child is above 25 years, then there are rules for this also.

For example, if this pension is given to the first two children of a member, then when the eldest child turns 25, pension will be given to the second and third children. Whereas when the second child turns 25, the benefit of pension will be given to the third and fourth children. In this way all the children will get pension. 

Child pension 25% of widow pension amount

Let us tell you that the amount of each child pension is 25% of the amount of widow pension. This means that if a pension of Rs 1000 is being given to the wife/husband of the deceased member, then each of their children will get a pension of Rs 250. If any child of the member is completely or permanently disabled, then in such a situation he is given pension for life.

How to do EPFO/EPS nomination online?

• Go to EPFO ​​website >> Services >> Click on For Employees option >> Then click on Member UAN/Online Service.
• Login by entering your UAN and password.
• There “Manage” tab will appear, select “E-nomination” from it.
• Now a tab with “Provide Details” will appear on your screen.
• Click on “Yes” to update your family details here.
• To add more than two nominees who will receive pension money, click on “Add Family Details”
• Click on “Nomination Details” to know who will get how much money under this scheme. Then click on “Save EPF Nomination”
• To generate OTP, click on E-sign. 
• After this, fill the OTP that will come on the mobile number linked to your Aadhaar and submit it.

Also Read: Voter Slip Download – How To Download Voter Slip?

In this way your E-nomination will be registered in EPFO. After which you will not need any other document. If you want more information about this, you can visit EPFO ​​website https://www.epfindia.gov.in/ or contact your nearest EPFO ​​office. Can.

The post Children will get pension every month for 25 years -Details first appeared on Rightsofemployees.com.

There are many such government schemes in which the child’s future can be secured by investing. Atal Pension is also a similar scheme. Narendra Modi government had started this scheme in its first term. In this scheme, you can arrange for child’s pension with a nominal investment of just Rs 42. However, for this it is necessary that the age of the child is 18 years. Let us know about this scheme in detail.

Under Atal Pension Yojana, the contributor will get a lifetime minimum guaranteed pension ranging from Rs 1000 to Rs 5,000 per month depending on his contribution from the age of 60 years. This amount will vary depending on the age of joining Atal Pension Yojana. There is a minimum contribution of Rs 42 in the scheme. This is for investors above 18 years of age. After the death of the contributor, equal pension will be paid to the spouse. On the death of both the contributory spouse, the total pension amount will be given to the nominee till the age of 60 years.

Let us tell you that the maximum amount of contribution per month is Rs 1454. After 60 years on this investment the investor will get a pension of Rs 5000. Let us tell you that the total amount on this investment will be Rs 8.5 lakh.

Investment period up to 22 years

Let us tell you that Atal Pension Yojana is for all those bank account holders who want to join. The minimum age to join the scheme is 18 years and maximum age is 42 years. That is to say, the period of contribution by the subscriber under the scheme is 22 years. All bank account holders can join the scheme with auto-debit facility in accounts.

The post Best Pension Yojana! You will get ₹ 5000 pension every month on saving only 42 rupees, see all details first appeared on Rightsofemployees.com.

This makes it easier to live the Golden Age and not have to rely on children for one’s wishes. Different types of plans and schemes are available under which regular pension can be availed. One of these schemes is SBI Life’s Annuity Deposit Scheme .Under this scheme, the income i.e. pension amount depends on investment.

Under this, the investor gets income in the form of EMI every month in return for lump sum investment. Policyholders can invest as per their convenience. Later, both the principal and interest are returned in the form of monthly annuity. Through this, pension is available throughout life.

There are different types of annuity deposits. Under Periodic Annuity, investors get regulated income. You can opt for annual or monthly annuity payouts. Any person in India can avail the benefit of this scheme. Opening of joint account is also allowed. This can be invested for 3/5/7/10 years. Term deposit rate is also effective on this. There is no limit for maximum investment. Loan benefit is also available.

Term deposits of 5-10 years get the highest interest, general citizens get 6.25% and senior citizens get 7.25%. If a person starts investing at the age of 18 and deposits Rs 500 every month. So he gets 5.4% return on investment. On attaining the age of 60, one gets a pension of Rs 1,432 every month. The more you invest, the pension amount will increase.

(Disclaimer: The purpose of this article is to share general information only. Rightsofemployees.com does not recommend investing in any plan or scheme.)

The post SBI’s superhit scheme! You will get pension every month, know the complete calculation first appeared on Rightsofemployees.com.

Even after working hard all their life, they are left with no source of income in their old age, due to which they have to face many difficulties. To solve these problems, the central and state governments are running many schemes. We are going to tell you about one such scheme, which is run by the Haryana State Government.

About the scheme

The name of the scheme is “Nirman Kamgar Pension Yojana”. Under this, construction workers are given Rs 3000 as pension. Construction workers of 60 years of age or above can avail the benefits of the scheme. Natives of Haryana can apply for the scheme. Also, it will be mandatory for the applicant to have membership in the Workers’ Board. Apart from this, the applicant should not be a beneficiary of the scheme of any other department/corporation/board.

How to avail benefits?

You can apply online by visiting the Antodaya Saral portal. Some documents will be required for this. The list includes Haryana residence proof/permanent certificate, bank details, Aadhar card, age certificate, construction workers board registration number, passport size certificate, work slip, age certificate, email ID and mobile number. For more information related to the scheme, you can visit the official website saralharyana.gov.in.

(Disclaimer: The purpose of this article is only to share information. Rightsofemployees.com does not advise investing in any scheme.)

The post New Pension Plan: You will get 3000 rupees pension every month without investment, know full details first appeared on Rightsofemployees.com.

We are talking about such a policy of LIC, which guarantees you pension every month. The special thing is that you have to invest only once in this and with this you start getting pension. The name of this policy is LIC Saral Pension Plan.

The age limit for the scheme is 40-80 years.

A person from the age of 40 years to the age of 80 years can buy this LIC Saral Pension Scheme, which guarantees pension throughout life. You can take this scheme alone or together with husband and wife.

In this, the policyholder is also given the facility to surrender anytime after six months from the date of commencement of the policy. On the other hand, in the case of death benefit, if the policyholder dies, the investment amount is returned to his nominee.

Popular as a retirement plan,

LIC Saral Pension, which gives fixed pension every month, is also seen as a retirement plan in a way. Actually, this scheme fits perfectly in post-retirement investment planning. Suppose any person has recently retired. If he can invest the money received from PF fund and gratuity received during retirement in it. Then he will continue to get the benefit of pension every month for the rest of his life.

There is no maximum investment limit

in LIC Saral Pension Plan, you can buy an annuity of at least Rs 12,000 annually. There is no limit on maximum investment, you can get pension according to your investment. In this screen, any person can get pension on annual, half-yearly, quarterly or monthly basis after paying the premium once under this plan. He can buy annuity from this lump sum investment. According to LIC Calculator, if any 42-year-old person buys an annuity of Rs 30 lakh, then he will get Rs 12,388 as pension every month.

Loan facility also available

In this pension policy of LIC, loan facility is also provided to the policyholder. Policyholders can also take a loan after six months under Saral Pension Yojana. Another special thing in this simple pension scheme is that the amount of pension you start getting, you will continue to get the same amount throughout your life. To buy this plan online, you can visit LIC’s official website www.licindia.in.

The post Superb LIC Pension Plan….Invest just once, then you will get pension every month first appeared on Rightsofemployees.com.

This problem is more for the people working in the private sector because they do not get pension. This is the reason why most of the job professionals look for such investment options for themselves, in which once invested they can get money like regular income even after retirement. Here you are telling about such a simple pension scheme of LIC, how you can get regular income after retirement by investing money in it.

LIC’s Saral Pension Plan

In the simple pension scheme of Life Insurance Corporation of India (LIC), a pension of Rs 12000 is available every month. In LIC’s Saral Pension Yojana, you have to pay premium only once and after that after 60 years you will get Rs.12000 pension every month. You will get the benefit of this pension throughout your life. If you invest Rs 10 lakh in this at the age of 60, you will get Rs 58950 annually. This pension depends on the amount of your investment.

These are the rules of Saral Pension Yojana

Life Annuity with 100 percent return of purchase price Life Annuity with 100 percent return of purchase price This pension is a single payment policy. This policy will be linked to one person. As long as the investor i.e. the pensioner is alive, he will continue to get pension. After the death of the investor, the nominee will get the base premium.

From where can you take Saral Pension Yojana

These pension schemes can be taken both online and offline. A minimum of Rs 12000 per year will have to be invested in this scheme. There is no limit on the maximum investment in this. This scheme is for people from 40 to 80 years. In this plan, the policy holder will get the loan at any time after 6 months from the date of inception of the policy.

The post LIC’s saral pension plan, just invest once and get Rs 12,000 every month first appeared on Rightsofemployees.com.

Faridabad DC Vikram Singh said in a statement released on Saturday that the Haryana government has taken a commendable decision in the interest of the patients.

In the interest of patients, it has been decided to give pension of Rs 2750 per month as financial assistance to the patients suffering from 55 rare diseases. DC Vikram Singh said that by making available the list of 55 rare diseases identified by the government on the website of the health department, active steps have been taken to give pension to the eligible patients.

Patients suffering from these diseases can register with the medical certificate on the website of the health department. District Medical Officer Dr. Vinay Gupta said that the Haryana government would provide financial assistance for the treatment of 55 rare diseases like Pompe disease, Du Ken muscular dystrophy and spinal muscular atrophy.

These patients will be given a pension of Rs 2750 per month by the Haryana government. Earlier, pension was given by the government only to the patients of Thalassemia, Hemophilia, Cancer Stage-3 and 4. Now 55 rare diseases have also been added to the list by the government.

[web_stories title=”true” excerpt=”false” author=”false” date=”false” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”4″ order=”DESC” orderby=”post_title” view=”carousel” /]

The post Pension For Patients: Now patients with 55 such serious diseases will get Rs 2750 pension every month first appeared on Rightsofemployees.com.

If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

The post Good News! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month first appeared on Rightsofemployees.com.

If you want to create a retirement corpus for pension, then National Pension System (NPS) can be the best option for this. The government runs a scheme to financially secure the future of private job seekers. The name of this scheme is National Pension Scheme. If you invest properly in this scheme, then after retirement you can get a pension of up to 50 thousand rupees every month. Here we are going to give you information about how you can get this much pension. Let us tell you how much money you will have to invest every month to get a pension of 50 thousand rupees.

Get tax exemption

NPS account holder gets income tax exemption of up to Rs 1.5 lakh under section 80C and additional Rs 50,000 under section 80CCD. However, the income from annuity is taxed. This income can be deducted from all your other income. By adding in, your slab will be determined and income tax will have to be paid accordingly. Whereas in Tier-1 account of NPS, the benefit of tax exemption is available on both contribution and withdrawal. In this case, the account holders will also get this benefit.

Heavy duty scheme

NPS is a mode of investment. It has been designed in such a way that even after retirement people can afford their expenses. It has less risk than equity and higher returns than PPF or Fixed Deposit. There are four asset classes in NPS – Equity, Corporate Debt, Government Bonds and Alternative Investment Funds. Investors have two options to invest in NPS – Active and Auto Choice.

Subscriber cannot withdraw the entire corpus on maturity. He has to invest 40% of the total NPS corpus in buying an annuity plan from a life insurance company. This annuity amount is the regular pension that the subscriber will get after retirement. The remaining 60 percent amount can be withdrawn in lump sum. However, some part of this can also be invested in buying an annuity. Thus an NPS subscriber can use more than 40% of his corpus and up to 100% to buy annuity. The more money you leave to buy an annuity, the more pension you will get after you retire.

How to get Rs 50,000 pension

If you want to get a pension of 50 thousand rupees every month after retirement, then you have to invest in this way. For this, you have to start investing from the age of 24. You have to deposit Rs 6000 every month. Accordingly, you will have to save Rs 200 daily. If he invests in NPS like this for 36 years, his total NPS investment at maturity at 10% per annum will be Rs 2,54,50,906.

If he spends 40% of his total corpus on buying annuity, he will get a pension of Rs 50,902 per month after retirement. If someone wants to get a pension of up to 75 thousand rupees after retirement, then he will have to invest 10 thousand rupees every month in NPS. Think of it like a 25 year old person invests Rs 10,000 every month in NPS for the next 35 years.

His total NPS investment at 10% annual return at maturity is Rs.3,82,82, 768 will be Rs. If he spends 40% of his total corpus on buying annuity, he will get a pension of Rs 76,566 per month after retirement.

The post Best Pension Plan: Good news! You will get Rs 50,000 pension every month after retirement! know details first appeared on Rightsofemployees.com.

If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. The best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

The post New Pension Plan: Good News! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month first appeared on Rightsofemployees.com.

Everyone worries about old age expenses. If you also want that your old age is safe and you do not have any problem with money in old age, then you should start planning in advance. You should start saving money for retirement only on the day your job starts. Actually, the sooner you start saving, the more money you will get till retirement. There are many investment options available to you for accumulating retirement funds like EPF, NPS, stock market, mutual funds, real estate etc.

The government is running many schemes

To secure your retirement, the central government has made many schemes, where you can invest. If you are employed, then you must also think that when you retire, you will get a huge amount every month in the form of pension. But for this you have to invest from today itself, so that after 60 years your old age can be secure.

What is NPS Scheme

National Pension System (NPS) is a government pension scheme, which includes both equity and debt instruments. NPS gets a guarantee from the government. You should invest in NPS scheme to get higher monthly pension after retirement.

Income Tax Rebate

NPS Pension Scheme is a government scheme like Public Provident Fund (PPF), Employees Provident Fund (EPF), Sukanya Samriddhi Yojana etc. In this, any investor can also increase his monthly pension amount by making the right use of maturity amount. Through NPS, you can save tax up to Rs 2 lakh annually. You can save tax up to a maximum of Rs 1.5 lakh under Section 80C of Income Tax. If you invest in NPS, you will get an additional tax exemption of up to Rs 50,000.

You will get Rs 2 lakh monthly pension , if you deposit Rs 5000 every month for 40 years in NPC, you will get Rs 1.91 crore. After this you will get 2 lakh monthly pension on investment of maturity amount. Under this, you will also get a monthly return of Rs 1.43 lakh and Rs 63,768 from the Systematic Withdrawal Plan (SWP). In this, a monthly pension of Rs 63,768 will continue to be received from the annuity till the investor is alive.

Monthly pension of Rs 63,768 in 20 years

If you invest Rs 5000 every month from 20 years to retirement, then you will get a lump sum maturity amount of 1.91 crores to 1.27 crores. After this, you can get a monthly pension of Rs 63,768 per month at Rs 1.27 crore with 6% return.

There are two types of NPS There are two types of NPS, NPS Tier 1, and NPS Tier-2. The minimum investment in Tier-1 is Rs 500 while in Tier-2 it is Rs 1000. However, there is no maximum limit for investment. There are three investment options available in NPS, in which the investor has to choose where his money will be invested.

Equity, Corporate Debt and Government Bonds. With more exposure to equities, it also gives higher returns. Keep in mind that you should do any investment only after talking to your investment advisor.

The post NPS New Pension Plan: Big news! Now after retirement, you will get Rs 2 lakh pension every month, know how to invest first appeared on Rightsofemployees.com.

NPS pension calculator:  Everyone worries about old age expenses. If you also want that your old age is safe and you do not have any problem with money in old age, then you should start planning in advance. You should start saving money for retirement only on the day your job starts. Actually, the sooner you start saving, the more money you will get till retirement. There are many investment options available to you for accumulating retirement funds like EPF, NPS, stock market, mutual funds, real estate etc.

Government is running many schemes

To secure your retirement, the central government has made many schemes, where you can invest. If you are employed, then you must also think that when you retire, you will get a huge amount every month in the form of pension. But for this you have to invest from today itself, so that after 60 years your old age can be secure.

What is NPS Scheme 

National Pension System (NPS) is a government pension scheme consisting of both equity and debt instruments. NPS gets a guarantee from the government. You should invest in NPS scheme to get higher monthly pension after retirement. 

Income tax exemption

NPS pension scheme is a government scheme just like Public Provident Fund (PPF), Employees Provident Fund (EPF), Sukanya Samriddhi Yojana etc. In this, any investor can also increase his monthly pension amount by making the right use of maturity amount. Through NPS, you can save tax up to Rs 2 lakh annually. You can save tax up to a maximum of Rs 1.5 lakh under Section 80C of Income Tax. If you invest in NPS, you will get an additional tax exemption of up to Rs 50,000.

Will get monthly pension of Rs 2 lakh

If you deposit 5000 rupees every month for 40 years in NPC, you will get 1.91 crores. After this you will get 2 lakh monthly pension on investment of maturity amount. Under this, you will also get a monthly return of Rs 1.43 lakh and Rs 63,768 from the Systematic Withdrawal Plan (SWP). In this, a monthly pension of Rs 63,768 will continue to be received from the annuity till the investor is alive. 

Monthly pension of Rs 63,768 in 20 years

If you invest Rs 5000 every month from 20 years to retirement, then you will get a lump sum maturity amount of 1.91 crores to 1.27 crores. After this, you can get a monthly pension of Rs 63,768 per month at Rs 1.27 crore with 6% return.

There are two types of NPS

There are two types of NPS, NPS Tier 1, and NPS Tier 2. The minimum investment in Tier-1 is Rs 500 while in Tier-2 it is Rs 1000. However, there is no maximum limit for investment. There are three investment options available in NPS, in which the investor has to choose where his money will be invested. Equity, Corporate Debt and Government Bonds. With more exposure to equities, it also gives higher returns. Keep in mind that you should do any investment only after talking to your investment advisor. 

The post NPS Pension: Good News! Now after retirement, you will get 2 lakh rupees pension every month, just make small investments like this first appeared on Rightsofemployees.com.

Every person starts planning his retirement along with the job. After the age of 60, the regular salary of the people stops, but the expenses remain the same. In such a situation, you can invest in Pradhan Mantri Vaya Vandana Yojana, a great scheme of the Modi government, so that you do not have any shortage of money later. This scheme was started on 4 May 2017.

If you also want to get the benefit of pension every month by investing in this pension scheme, then you can invest in it till March 31, 2023. LIC runs this scheme keeping in mind the needs of the senior citizens of the country. Earlier, investors could invest Rs 7.5 lakh in this scheme, which has now been increased to Rs 15 lakh. If you also want to get pension every month after 60 years of age by investing in this scheme, then we are giving you information about the details of this scheme.

Getting so much interest on PMVVY

Let us tell you that under the PMVVY scheme, investors are getting a return of 7.40% by the government. The special feature of this scheme is that both husband and wife can invest in this scheme. The maximum investment limit is Rs.15-15 lakhs. In such a situation, if you invest Rs 15 lakh with your wife, then after the age of 60, you will get Rs 18,300 in pension as pension every month.

How long can you invest in the scheme

The deadline for this scheme will end on March 31, 2023. In such a situation, this festive season you can give yourself the gift of a secure future. If you want to get a pension of Rs 1,000 every month, then you can make a minimum investment of Rs 1.50. On the other hand, after investing Rs 15 lakh, you can get a pension of Rs 9,250 and after the age of 60, Rs 18,500 on investment of Rs 15 lakh for both wife and wife.

Apply for this scheme

Let us tell you that PMVVY is for 10 years only. You get pension every month for 10 years. After this, you will get the full amount back. If a policyholder dies before 10 years, then you will get the basic amount in full. With this, after starting the scheme, you can surrender from it at any time. On the other hand, talking about pension, you can get it on every month, quarter, half yearly or yearly basis. You can apply for this scheme by visiting LIC’s office.

The post PMVVY Scheme: Big news! On depositing only 1000 rupees, you will get 18500 rupees every month, the government started this tremendous scheme first appeared on Rightsofemployees.com.

The National Pension System is considered better for those people who need a fixed amount every month for post-retirement expenses. Especially when there is no source of income.

National Pension System investment involves very less risk and PPF gives higher returns than Fixed Deposits. Under the National Pension System, the subscriber is given the opportunity to invest in two ways, Active and Auto Choice.

How to get 75000 rupees pension

In Active Choice, the customer allows his money to be invested in instruments like stocks, government securities. 75% of the total NPS investment can be invested in Active Choice. Let us know how much will have to be invested in NPS for pension of Rs 75,000 every month.

For investing Rs 75,000 per month, the maturity amount of NPS i.e. Rs 3.83 crore on the subscriber’s 60 years should be Rs. This money will be received from the annuity plan which is invested at the time of maturity. The most important thing is to know how to raise Rs 3.83 crore, so that after the age of 60, a pension of Rs 75,000 will be available every month.

Start investing with Rs 10,000

Suppose a person of 25 years starts investing Rs 10,000 in NPS every month for the next 35 years. With a return of 10% every year, at the age of 60, Rs 3,82,82,768 will be accumulated.

If 40 percent of this amount is invested in buying an annuity plan, then till retirement Rs 76,566 will be available every month. Such people whose age is 30 years and they start investing Rs 16,500 in the National Pension System every month, then after retirement they will easily get a pension of Rs 75,218.

Two types of accounts are opened in the National Pension System. Tier 1 account and Tier 2 account. Tier 1 account is mandatory which will be opened for every NPS subscriber, whereas Tier 2 account can be opened by the subscriber at his own discretion.

The National Pension System was first started only for government employees, but later it was started for employees of many sectors.

The post Retirement Pension: You will get 75000 rupees pension every month, just have to do this work first appeared on Rightsofemployees.com.

What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while the scheme is being operated by Life Insurance Corporation of India (LIC). Those who have crossed 60 years of age can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which has now been doubled. Compared to other schemes, senior citizens get more interest in this scheme. Let us tell you that people of 60 years of age or above can choose this pension plan.

This is how you will get monthly pension of Rs 9250

If you also want to take advantage of this scheme, then you will have to invest an amount of Rs 15 lakh in the Pradhan Mantri Vaya Vandana Yojana. Under this scheme, you will also get 7.40 percent annual interest. Accordingly, the annual interest on the investment will be Rs 111000. If it is divided in 12 months, then an amount of Rs 9250 is formed, which you will get as monthly pension. If you want to take a monthly pension of 1000 rupees in this scheme, then you will have to invest 1 lakh 50 thousand rupees.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years, then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.

The post Monthly Pension Scheme: Invest in this government scheme, get 9 thousand rupees pension every month; apply like this first appeared on Rightsofemployees.com.

The National Pension System is considered better for those people who need a fixed amount every month for post-retirement expenses. Especially when there is no source of income.

National Pension System investment involves very less risk and PPF gives higher returns than Fixed Deposits. Under the National Pension System, the subscriber is given the opportunity to invest in two ways, Active and Auto Choice.

How to get 75000 rupees pension

In Active Choice, the customer allows his money to be invested in instruments like stocks, government securities. 75% of the total NPS investment can be invested in Active Choice. Let us know how much will have to be invested in NPS for pension of Rs 75,000 every month.

For investing Rs 75,000 per month, the maturity amount of NPS i.e. Rs 3.83 crore on the subscriber’s 60 years should be Rs. This money will be received from the annuity plan which is invested at the time of maturity. The most important thing is to know how to raise Rs 3.83 crore, so that after the age of 60, a pension of Rs 75,000 will be available every month.

Start investing with Rs 10,000

Suppose a person of 25 years starts investing Rs 10,000 in NPS every month for the next 35 years. With a return of 10% every year, at the age of 60, Rs 3,82,82,768 will be accumulated.

If 40 percent of this amount is invested in buying an annuity plan, then till retirement Rs 76,566 will be available every month. Such people whose age is 30 years and they start investing Rs 16,500 in the National Pension System every month, then after retirement they will easily get a pension of Rs 75,218.

Two types of accounts are opened in the National Pension System. Tier 1 account and Tier 2 account. Tier 1 account is mandatory which will be opened for every NPS subscriber, whereas Tier 2 account can be opened by the subscriber at his own discretion.

The National Pension System was first started only for government employees, but later it was started for employees of many sectors.

The post Retirement Pension: You will get 75000 rupees pension every month, just have to do this work first appeared on Rightsofemployees.com.