Planning for a worry-free retirement? Discover the perfect solutions to ensure financial stability in your golden years.
Investing wisely today can pave the way for a comfortable tomorrow. Here are four top schemes to consider:
Public Provident Fund (PPF)
A safe bet backed by the Central Government, PPF offers guaranteed returns.
Invest anywhere from Rs 500 to Rs 1.5 lakh annually with a 15-year lock-in period.
Regardless of age, anyone can open a PPF account. Interest rates are revised by the government every quarter.
National Pension System (NPS)
Open to individuals aged 18 to 60 (excluding armed forces), NPS allows an investment of at least Rs 6,000 per financial year.
Flexibility is key, with a minimum monthly deposit of Rs 500. The scheme matures at 60 and can be extended up to 70.
Employee Provident Fund (EPF)
EPF mandates a 12% contribution from both employees and employers.
While 3.67% of the employer’s contribution goes to the EPF account, 8.33% supports the Employees’ Pension Scheme (EPS). A solid option for salaried individuals.
Atal Pension Yojana (APY)
Launched on May 9, 2015, APY focuses on the economic security of the unprivileged, especially those aged 18 to 40.
Contributions made during this period lead to pension amounts ranging from Rs 1,000 to Rs 5,000 after reaching 60.
Secure your future today through these strategic investment avenues. Your retirement deserves the best financial planning.
