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Pension news: Important news! Now you can also get pension in private job, no money problem after retirement, know details

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National Pension System News: After retirement, when the body stops supporting, relatives and relatives make distance, in such a situation only your money is useful for you.


Therefore, planning for retirement should be done from the beginning. It is not that only government servants get the benefit of pension after retirement, if you are in private job or in any business then you can also prepare retirement plan for yourself.

Retirement planning is a very important part of life. Keeping this in mind, the Government of India started the National Pension Scheme – NPS. National Pension Scheme is a kind of pension as well as investment scheme. This scheme guarantees market based returns. NPS is a government investment scheme. This scheme was started in 2004 for all government employees. From 2009, this scheme was opened to all categories of people.

Government Investment Scheme

National Pension System (NPS) is a government investment scheme. It is regulated by the Pension Fund Regulatory and Development Authority. This scheme was first started in 2004 for government employees. But in 2009, this scheme was opened to all categories of people. Any person can open a pension account during his job.

The age to invest in NPS is 18 to 70 years. You can invest in it as per your convenience. The special thing about NPS is that you can take advantage of this scheme even before retirement. You can withdraw some part of the amount invested in this scheme before retirement. You can withdraw 60 percent of the total deposit at the time of retirement and the remaining 40 percent goes to the pension scheme. During this, if you want to close the NPS account, then you can get the account closed after 3 years.

You can deposit money in the NPS account every month or annually as per your convenience. You can open an NPS account in the name of your wife for even Rs 1,000. The NPS account matures at the age of 60.

Two types of accounts

Under the National Pension Scheme, two types of accounts can be opened. Any money deposited in Tier-1 account cannot be withdrawn prematurely. You can withdraw money only when you are out of the scheme.

To open a Tier-2 account, you must be a Tier I account holder. You can deposit or withdraw money as per your wish. It is not mandatory for everyone to open this account.

Benefits of National Pension Scheme

  • Pension will be available after retirement.
  • Investment in the purchase of Annuity will be fully exempted from tax.
  • Additional exemption up to Rs 50,000 can be claimed under section 80CCE.
  • The minimum investment limit under the National Pension Scheme is Rs 6000.
  • For not making the minimum investment, the account will be frozen and a penalty of Rs 100 will be levied.
  • If the investor dies before 60 years, then the pension amount will be given to the nominee.
  • Not more than one account can be opened under this scheme.

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