NPS: Get Rs 50,000 monthly pension after retirement, here’s how

If the annuity rate is 6% at the time, you will receive a monthly pension of around Rs 50,000. 

New Delhi: Everyone wants to have a stable future after they retire. There are numerous types of investments accessible for this purpose. The National Income System (NPS) is one of them, and it can provide you with a monthly pension of Rs 50,000 after you reach the age of 60. Let us explain what the government's pension system is.

One such system is the National Pension System, which allows you to be financially self-sufficient even in old age. This is a government-sponsored scheme that pays out more than 10%. It's one of those schemes that promises a large profit while posing little risk.

Previously, only government employees were eligible for this programme. The government, on the other hand, has now made it available to the general public. Any Indian citizen can benefit from this new pension system if they meet certain criteria. Even if you are eligible for income tax deductions, you can save money by using this method.