The National Pension Scheme is a government-run pension scheme that offers excellent retirement saving options to all the citizens of India. Anyone employed in the private or public sector can get enrolled in the NPS and build up a retirement corpus for himself. The National Pension Scheme offers various other benefits too, and this makes the scheme an ideal choice for those who like planning ahead for their golden years. Take a look at this article to know more about the NPS and how you can invest properly in the scheme to get the best returns.
Using the NPS calculator online
As stated, you need to plan your retirement corpus in accordance to your needs. You can invest in various sums in the NPS account, with the minimum yearly amount being INR 1000. It is always a good idea to use the NPS calculator online to calculate how much you should invest in order to have a secured retirement. The online NPS calculator takes the following into consideration:
Age -
This is an important factor as the age will determine how many years you have to save in the NPS account.Principal -
The amount you invest will determine your return.Interest -
The interest you expect to earn will also have an impact on the NPS investment online.Percentage of an annuity -
The percentage of the fund you want to invest in the annuity is another important factor that the NPS calculator will look for.
Once you enter these figures in the NPS calculator online, your returns will be shown to you.
NPS investment online
It is very easy to start an NPS investment online. You can use any reliable app such as the ETmoney app and instantly start an online NPS account. The advantages of having your NPS investment online include:
Very easy to open -
You can open a National Pension Scheme account online in a very simple and hassle-free manner. You can simply download the ETmoney app and get the job done in a matter of a few minutes. You can do so from the comforts of your own home, as the account is accessible remotely.Easy to make payments -
You can make all future contributions to the NPS account online with the click of a few buttons only. This makes it very simple for you to be regular and more disciplined with your savings in the NPS account.Can keep track -
The National Savings Scheme details are available on the app you use to open the account. If you need to go and fetch any information related to the account, or you want to go over the details of your account, you can do so online in a matter of a few minutes.Easy to make withdrawals -
Partial withdrawals are allowed in NPS after you complete seven years in the policy. If you need to make a withdrawal to meet an emergency, you can raise a request for it online and have the money in your bank account in a very short span of time.
The documentation is very simple and so you can instantly open the NPS account online. You just need a few basic KYC documents and your online NPS account will be set up.
The final word
If you are looking to invest in a reliable pension scheme, NPS is one of the best options you have. You can use a very effective NPS calculator online to calculate your returns before you invest. Then, you can make the NPS investment online in a trustworthy and quick manner. With so many benefits on offer, you should open the NPS account right away, if you have not done so already.
