SBI Pension Scheme Old age is the stick of pension. If you do not invest in the pension scheme at the right time, then trouble may arise in the future. 500 in SBI’s pension scheme. You can get pension for life by making monthly deposit.
People’s enthusiasm is being seen about the National Pension Scheme ie NPS. To maintain this enthusiasm, State Bank of India, the country’s largest bank, organizes many awareness programs and workshops to take advantage of this scheme to the customers and to connect the workers with it. Bank is also giving some benefits under NPS. SBI is currently also celebrating NPS Day. A tweet has also been made by the bank regarding this.
Benefits of investing at a young age
SBI Chairman Dinesh Khara said that NPS Day is an opportunity to understand the importance of investing to ensure a healthy and secure retirement for the customers. The Bank will continue to make the customers and workers aware about this. This will help them to develop the habit of saving. The person investing at a young age will get more benefit from this. SBI tweeted that when you opt for SBI’s NPS, you can get additional benefits.
NPS is a long term investment
NPS is a long term investment product with a very low cost structure that offers market linked returns regulated by PFRDA. Customers can join the nearest SBI branch by submitting the NPS contribution instruction slip along with the required contribution amount. There are two types of accounts in this. There is tax benefit in one pension account and there is no tax benefit in the second investment account, but an amount of 50 thousand rupees can be withdrawn at any time in a financial year.
YONO and online can also register
There are two methods for registering to join NPS. This can be done through SBI Yono and online also. In Yono, first you have to go to the app of Yono. After that you have to click on the investment button. After that NPS account has to be selected and clicked and your account will be opened after filling the required information. Here in online first you have to go to https://onlinesbi.co.in. After that click on ‘e-Services’. After the completion of this process, choose the option of NPS registration or Near SBI branch. Now enter the required details for registration.
This is special in NPS
- The minimum contribution in the pension account is Rs 500 and the minimum contribution in the investment account is Rs 1000.
- Customers can choose the Pension Fund Manager ie PFM as per their choice. You can change the PFM once in a financial year.
- This scheme is available to citizens in the age group of 18 to 70 years.
- If the total deposit amount is less than Rs 2 lakh till the age of 60 years or more, the customer can withdraw the entire amount.
- There is also a provision to continue in this scheme after retirement and defer it till the age of 70 years.
