Five negative effects of honey on health

No doubt NPS is a long term scheme. Where an investment pays off decades later.

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Despite its many flaws, the National Pension System is a great investment vehicle. We know that many people will not agree with this. As a result NPS is not getting the popularity it should get. Although many are keen to use the additional NPS tax benefit of Rs 50,000.

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Also after retirement it would be good to get a pension from NPS. So it is necessary to know everything about it before investing here. No doubt NPS is a long term scheme. Where an investment pays off decades later.

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It is not at all like the old pension scheme. In case of NPS pension, there is no guarantee as to the amount of money. It mainly depends on the amount saved. It provides guaranteed income after retirement.

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How to earn 50000 rupees per month from this?

But before that you need to know the rule of annuity. As per the new rules, the entire amount of NPS cannot be withdrawn on maturity. A minimum of 40 percent of the money must be used to purchase an annuity. The remaining 60 percent can be withdrawn tax-free if desired. However, more than 40 percent of the amount can be used to buy an annuity.

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Rs.50,000 monthly pension from NPS

If you want to get Rs.50,000 as monthly pension from NPS, then you have to back-calculate your corpus requirement based on the annuity policy. There are many different aspects to an annuity.

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To get Rs 50000 per month from NPS the customer has to invest a large amount of money for a long period of time. But the specific amount of money to be invested depends on various factors. For example - age of the customer, risk appetite of the customer and rate of return on investment.

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A simple calculation can be said that if roughly 40-50 lakh rupees can be invested for a period of 30-40 years, then a pension of 50000 rupees per month can be obtained from it.

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Investments should be diversified to increase the chances of earning Rs 50000 per month from NPS. Also, it is necessary to keep an eye on your portfolio on a regular basis. Which should be consistent with the customer's financial goals and risk appetite.