Building a sizeable retirement corpus needs strict and disciplined financial planning and discipline over a long time period of time.
Money9 Helpline hosted Optima Money Manager's Pankaj Mathpal to resolve all the queries related to NPS and retirement funds.
The government also hiked the contribution of public sector banks for employee pensions under NPS to 14% from 10% earlier.
Retirement goals: Early retirement needs both strict financial planning and discipline over a long time period.
The entire maturity sum can be withdrawn from EPF account on maturity. In NPS, it is mandatory for 40% of the matured amount be invested in annuities
Both NPS and ULIP feature among the most popular tax-saving options.
For the senior citizens consistent and regular payments are a key requirement. Several investments provide such facilities.
Currently, NPS returns vary from one person to another depending on the investment pattern and market sentiments
The milestone of 30 lakh voluntary subscribers under the NPS has been reached over a period of 12 years
One can open a pension account in the National Pension System (NPS) with just Rs 1000.