Every month you will get ₹50,000 pension! | Jagran Business

If you want to live relaxed after retirement, without worrying about the income then invest your money in National Pension System to get higher returns with security. All Indian citizens are able to enroll in the National Pension System (NPS), formerly known as the New Pension Scheme. The NPS invests subscriber payments in a variety of market-linked instruments, including equities and debt, and the performance of these investments determines the final pension amount. On made donations, it has an interest rate that ranges from 9% to 12%. Any Indian citizen between the ages of 18 and 60 is eligible to register an NPS account. The Pension Fund Regulatory Authority of India oversees and manages NPS (PFRDA). 

The NPS reaches maturity at age 60, but it can be continued until age 70. After three years of account formation, partial withdrawals from the NPS are permitted up to 25% of your contributions, but only for particular events like property purchases, child-related expenses, or serious illness.

You have two options for asset allocation under National Pension Schemes: you can choose it yourself (Active Choice) or you can delegate it to your NPS fund manager (Auto choice). Up until you have solid knowledge and experience investing in market-linked investment options, it is advised to choose Auto Choice.