Pension or future planning is usually the biggest consolation after retirement for those in the private sector. But if you are in the private sector, you can also get good pension after retirement, you just have to take advantage of the special scheme of National Pension System (NPS) of the government. Any Indian citizen who is employed by the government scheme National Pension System can join, whether it is in government service or in private. Know the specialty of this scheme.
What is NPS?
National Pension System is the NPS government’s retirement savings scheme. The Central Government started it on 1 January 2004. This scheme is mandatory for all government employees who are joining this date. However since 2009, this scheme has also been opened for those working in the private sector.
Any person working in the private sector can be involved in this plan on their own. At the same time, after retirement, the employees can withdraw one part of the NPS and after retirement they can take Annuity for regular income.
Which age can be included
Any Indian citizen whose age is between 18 to 60 years can be included in the scheme. It is necessary to follow the Know Your Customer (KYC) rules to join this scheme.
How will the account open?
Government has made a point of presage to the government and private banks for the scheme in the National Pension System (NPS). You can open an account by visiting any nearest bank branch. For this you need berth certificate, 10th degree, address proof and eye card. The registration form gets from the bank……Read More>>