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National Pension Scheme
This pension-cum-investment scheme is an ideal option for those planning for retirement. This scheme will provide regular income after retirement along with market based returns. Once you are retired, you can withdraw some part of the money in lump sum and use the remaining amount of money as regular monthly income after retirement by purchasing life annuity. In addition to this, it also offers tax benefits as per Section 80C of the Income Tax Act.
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Best Post‑Retirement Insurance Plans for Financial Safety
National Pension Scheme: This pension cum investment scheme allows investors to regularly in a pension account during their working life tenure. It is an ideal option for people planning for their retirement. This investment scheme provides monthly income after retirement, along with the market returns. As soon as you are retired, you can withdraw a part of the lump sum and then buy a life annuity for receiving monthly income. Besides, this scheme offers tax exemption, according to the section 80C of the Income Tax Act. The National Pension Scheme is of great importance to people who are working in the private sector.