New Delhi:
Right now, we don’t want to rely on anyone for money. So, we think about saving money to stay strong financially.
Sometimes, we feel concerned about life after we stop working. Even after we stop working, we want to receive some money every month, like a salary.
There are many plans available that let you keep earning money even after you stop working.
By putting money into these plans, you can make sure your future is safe and you don’t have to depend on others.
Today, we will share information about 5 plans that can help make your future secure.
1. National Pension System (NPS)
After you stop working, if you want to keep receiving monthly pension benefits, you can choose the National Pension System (NPS).
You need to invest in this plan, and when you turn 60, you receive 60% of the money from the NPS fund as a lump sum and 40% as a monthly pension.
In the past, only government employees could benefit from this plan,
but now private employees can also enjoy its advantages.
2. Public Provident Fund
The Public Provident Fund (PPF) is a savings plan offered by the government.
It provides guaranteed returns, which means the money you invest is entirely secure. This scheme is also suitable for retirement savings.
You need to invest in PPF for 15 years. The minimum investment required is Rs 500, and the maximum is Rs 1.5 lakh per year.
Additionally, investing in PPF offers tax benefits on the invested amount.
3. Mutual Fund
Investing in Mutual Funds is a great choice for many people. It’s quite popular nowadays.
You can invest in Mutual Funds for a long time. If you invest for 3 years or longer, you can expect returns of over 12%.
However, it’s important to be careful when investing in Mutual Funds.
There are risks in the market, so think carefully before investing.
4. Bank Deposit
A bank is a good place to save money. You can put your money in a fixed deposit (FD) or a recurring deposit (RD) if you like.
These schemes offer better benefits than the interest rate in your savings account.
Many banks also have special FD schemes.
You can compare these schemes and choose the one that gives you higher returns.
5. Atal Pension Yojana
The government has introduced the Atal Pension Scheme for the middle and lower-income classes.
Any person aged between 18 and 40 can invest in this scheme.
When the scheme matures, meaning when the investor reaches 60 years old,
they receive a monthly pension ranging from Rs 1,000 to Rs 5,000.
