The name of this scheme is National Pension Scheme. (Photo Source: Moneycontrol)
Karwa Chauth 2020: Today we will tell you about one such government scheme through which your wife can become self-sufficient. Through this scheme, your wife can also earn regular income every month. The name of this scheme of the government is National Pension Scheme.
- Last Updated:November 4, 2020, 12:52 PM IS
Open your wife’s account like this
New Pension System (NPS) account can be opened in the name of wife. NPS account will give a lump sum to your wife on completion of 60 years of age. Also, they will also have regular income as a pension every month. With an NPS account you can also decide how much pension your wife will get every month. With this, your wife will not be dependent on anyone for money after the age of 60 years.
Also read: Be careful before using your wife’s ATM card, know these important rulesInvesting is very easy
You can deposit money every month or yearly as per your convenience in the New Pension System (NPS) account. You can open an NPS account in the name of a wife from Rs 1,000. At the age of 60, the NPS account matures. According to the new rules, if you want to keep running the NPS account till the age of the wife is 65 years.
Who can join NPS?
Any salaried person between 18 and 60 years of age can join NPS. There are two types of accounts in NPS: Tier-I and Tier-II. Tier-I is a retirement account, which is mandatory for every government employee to open. At the same time, Tier-II is a voluntary account, in which any salaried person can start an investment on his behalf and withdraw money at any time.
ALSO READ: Karva Chauth: Corona not seeing impact, business could reach beyond 500 crores this year
How will you get a monthly pension of 60 thousand?
If you join the age of 25 in the scheme, till the age of 60, that is, for 35 years, you will have to deposit 5000 rupees every month under the scheme. The total investment made by you will be 21 lakh rupees. If the estimated return on total investment in NPS is 8 per cent, then the total corpus will be Rs 1.15 crore. Out of this, if you buy an annuity with 80 percent amount, then that value will be around 93 lakh rupees. The lump sum value will also be close to Rs 23 lakh. If the annuity rate is 8 percent, after the age of 60, a pension of 61 thousand rupees will be made every month. Also, a separate fund of Rs 23 lakh.