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Don’t have any plans for retirement? But why delay.. make plans now. Because.. you should start saving for the future when you are on duty. It will support you in your old age. It gives you the opportunity to spend the rest of your life happily. That’s why experts suggest starting the investment from the first day of joining the job. In this context, today we will know about 5 key savings schemes. Retirement planning can be done by investing in these. There is no need to worry about old age by investing in these schemes run by the government.

Atal Pension Yojana..

Under Atal Pension Yojana, after completing 60 years, a pension of Rs 1000 to Rs 5000 is available every month. A person between 18 years to 40 years can invest in this. In this, you can withdraw 100%. Under this scheme, the government will contribute 50 percent of the subscriber’s contribution, or Rs. 1000, whichever is less will be deposited.

National Pension Scheme

If you want to invest in a tax-friendly scheme.. National Pension Scheme is very useful. This scheme is also safe. One can invest in this scheme to lead a life of peace and comfort during retirement. A fixed pension is available in this scheme. After paying the premium continuously for 3 years.. money can be withdrawn from it. Only 25% of the total deposit amount can be withdrawn before maturity.

Pradhan Mantri Vaya Vandana Yojana

If you want to invest your money in a safe place. you can invest in Pradhan Mantri Vaya Vandana Yojana. If you want to sit at home and get a monthly pension after retirement.. 15 lakh rupees should be invested under this scheme. In this scheme, a pension of Rs.1,000 to Rs.10,000 is available. That means you can spend Rs. 15 lakhs deposited, and the interest rate at 8 percent per annum is Rs. 1.20 lakhs will be. Now you will get this amount monthly, quarterly, half-yearly, or annually.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme is also a safe government scheme. You can invest in this for 5 years. Currently, the scheme is yielding 7.4% per annum. In this scheme Rs. 1000 can start investment. Minimum 5 years investment in this scheme. After that, it can be extended further. This scheme is open to all persons above 60 years of age.

Life Insurance Corporation of India

If you are planning for retirement. If you want to invest in a govt, safe place then you can invest in the Life Insurance Corporation of India Simple Pension Scheme. There are many benefits of this scheme. In this one can start taking a pension from 40 years, not 60 years. In this scheme, you have to invest the entire amount at once. If you do that you can get a pension for life. Money can be withdrawn from the policy during critical illness. When the policy is surrendered, 95 percent is returned to you. Apart from this, a loan can also be taken against this scheme.


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