NPS (National Pension Scheme)will give salary after Retirement|complete guide on nps|retirement plan
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- #theartofwealthbuilding #nationalpensionscheme
National Pension System Trust is a specialised division of Pension Fund Regulatory and Development Authority which is under the jurisdiction of Ministry of Finance of the Government of India.
A subscriber can contribute regularly in a pension account during their working life, withdraw a part of the corpus in a lumpsum and use the remaining corpus to buy an annuity to secure a regular income after retirement.
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Video has been explained very nicely and in a simple manner...specially the detail thru chart in the active and auto mode... Corpus generated and thereof, the expected pension. Appreciate how nicely you have truthfully quoted n explained the value of amount after 60 years. 👍Thank you very much for the detailed explanation. 🙏 God bless!!
Thank you
Old pension system was correct for employees
It's my third month being retired now. And life hasn't been so difficult as I thought basically because I put my head down and made ways for other source of Income. I'm a huge fan of earning more money, and I think everyone should have a side hustle. Side hustling can allow you to earn that little bit of extra money that can help you achieve your financial goals faster - whether it's paying off student loans or saving for retirement.
I wish I could like this comment million times. I always tell people that it's better late than never. Therefore, If you want the chance to maximize your income, you will need to explore investing your money.
@@donaldbrain5996 I've been considering buying ETFs/SCHD stocks for retirement, I have set asides $100k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing, please I could really use some guideline.
@@justingregory2965 You can buy dividend ETFs if you don't want to get into individual stocks. My favorite is SCHD. you can use a coach as well.
@@larrytyler823 A coach sounds like a good idea, but how can I get a reliable one considering the nature of the market today?
@@justingregory2965 There are good names out there, people that have shown consistency. Like Karen Marie Emma, she's currently my coach. Lookup the name , you can reach her through her home page.
Returns according to inflation is explained very nicely.👍👍 Thanks
👍🏻
Thank you for being frank about the inflation rate !!!
Exactly, otherwise baaki log to sabko crorepati banatey rehte hain TH-cam pe.
Thanks. It is the most informative video on TH-cam about NPS.
Thank you
Nps is far better than others retirement products ...tax saving & lumsum withdrawal is excellent part of NPS
rather invest in equity index fund for 30 years... conservative returns would be 12-15% and Capital gains will be taxed at 10% , still a better story than NPS
@@gauravtaneja3786 please read NPS features before comments
@@yugarya3976how did you come to conclusion that I have not read about NPS ?
@@gauravtaneja3786 NPS mai apko kya acha nhi lga please explain?
@@yugarya3976
1. Money is blocked till retirement Age.
2. 40% has to go in govt. Annuity, means paisa jama karke govt. Ko do.
3. Liquidity of funds is not there, incase of any emergency.
4. Rules in future can change with no option of withdrawal
My colleague retired recently and got 50lakh above now as per old pension he is getting pension rs 30 thousand pr month. So that's Clear that NPS is worst for NPS subscriber.
Explain
NPS is a scheme not a pension , you get your contribution as pension not from the Govt. side . old pension is a true pension , after your retirement Govt. give you a monthly pension not from your contribution.
Govt pays 14%basic+da on it our gross salary which gets accumulated along with our contribution over the years..
So dont say there is no govt contribution 😒😒
For Employees in private company there's no Govt. Contribution. Only employees contribution (few private firms give 10% of Basic salary). So yes it's more of a Scheme than actual pension!!!
For Govt. Employees its 14% (basic + DA) contribution from Govt.
@@mridulak1166 old pension was given to govt employees..
Private companies had nothing to do with OPS..
Why would govt contribute to private companies employees pension?? 🤣
@@arnabbiswas0205 I know about old pension scheme. I've stated points to Albert.
Obviously Govt. Will not contribute in private companies, I've never questioned that!!
Can you help me to calculate the amount that I contribution since December 2005. this is growing to approximately 12000 this time in 2022 and this contribution is till 2025
For Railway employees, no option was given.. it was simply selected as auto choice.. assets were allocated in SBI, UTI and LIC.. so what about this? Can you kindly explain about the expected returns for a 4200 grade employee in railways ?
Bhai 8% bann rha. Mera 7 years ho gaya, cagr 8% he h...
@@rajeshsharma-vb7xt bhai cagr kaha dikhta hai
Kitna jama hoga pata nahi.. But scheme bahut bekar hai nps
The government should remove the 40% compulsory annuity. Annuity give very low returns
There is No reason for ppl to dump all in NPS , rather they should just avail only 50K Annually and calim Tax benifit of 1.5L 80c + 50K 80ccd1 .
There is No meaning in locking people money for goverment to control.
Finally No major benift except adition 50K Taxsavings .
Conclusion , Have NPS for 80 CCD (1) only.
Thanks a lot for sharing this useful information..
I am not convinced about NPS, i prefer to invest in Equity mutual funds and at the time of retirement doing Systemic withdrawal it ..so that we can have complete control of our hard earned money
If your company supports NPS then invest in NPS. I think video is for general public not for the employee. As an employee you can save tax on 20% of basic (Employee + employer contribution) under CCD(1). Apart from this you are free to invest in 80CCD(2) which is around 50000. And 1.5 lac is still remaining in 80C. Invest in NPS get pension like public sector employee. And pension is very important when you are in the most vulnerable part of your life. Don't collect wealth which can be lost.
Abe jo h govt. Employee unka toh h he nps, woh kya sochenge it's mandatory. 🤣🤣🤣
Thank you for the information, I have a question, what would be the death benefits NPS have ? if he died within a year after taking NPS or after 10 years or may be near the retirement I mean in age of 59 years is there any difference in benefit ? and is there any death benefits actually available in NPS.
only 1 problem in calculation. In 2050 India will be advanced economy, so rate of interest in annuity with around 1% or 2% only. Today in annuity plan rate of interest is around 5-7 percent.
What will be the inflation?in 2050 ..
It's true
Just compare the prices of basic needs like grocery, fruit and vegetables with 2022 and 1982 it's the comparison of just 40 years, all the prices are appx. 20 to 30 times and same will be in 2050 it's not going be 50 times.
For example
Milk price was 3-5 rs/lt in 1980s now it's 50-60
Carrot rs 2-3/kg now it's 20-40/kg
Orange same
Only the main expenses are in hospitalization, education.
Hope with the passage of time that will be under control.
Suggestions for betterment of National Pension Scheme (NPS):
Allow upto 100% investment in Equity Scheme.
Within Equity Scheme option to allocate funds among Small/Mid/Large Cap mutual funds.
Inclusion of Gold and Silver as investment option, via ETF/Bonds.
Investment in Annuity Pension Plan optional, not mandatory.
Option of 100% withdrawal of Corpus on retirement.
Special Corporate Health Insurance Plan for retirees.
Increase in employer contribution from existing 14% to 24%.
Unbiased research from independent and reputed Firms/Institutions for discovery of better/improved Pension Plan.
Very Nicely & Cut clearly Explained sir..
Complete details in one video. Thanks dude
Tax saving for tier 2 is available only for government employees with 3 year lockin. It is called Tier 2 tax saver account
I agree
Error in video
Yeah, like ELSS
Nice video!
Can you pls explain besides Equity which are the other attributes that can fetch good returns? Is it Corporate bonds, Assets or Govt securities for investor whose age is 35?
Also, which pension fund house provides good returns ?
From what I read, corporate bonds give a return of 9 to 10% and government bonds give a return of 7 to 8%. The risk of investment is moderate for corporate bonds and low for government bonds. Hope this helps
@@amithnair6867 thanks for the inputs, Amith
I am not very big fan of NPS... But i eagerly wait for alternative of it in Next video. I don't loke locking and many other cons of NPS
I too. Wasting 50k annually in NPS to save tax
Thank you so much for this Valuable information! 🙂
Now I am worried for govt. employees who get salary of 80k he deposits 16k in NPS and at the end he get 17k in return... whole life profit 1k monthly... is this joke??
U forgot about the corpus? Around 2 Crores,
Make a FD of that amount and compund ur monthly income...
Aise dekha jaye toh har ek investment scheme is a scam..
Tier II NPS accounts do not qualify for a tax rebate under Section 80C of the Income Tax Act.
Very nice information you have given in this vedio. Thanks. I want to ask you one query that if someone resigns from PSU bank after 5 years, how to withdraw invested money from NPS tier 1 scheme. Please answer.
Sir ,bahut acchi calculations hai
good morning , a very detailed and clarified discussion . id request you to please discuss on how to invest in NEWLY launched RBI schemes....
Nice video.
Do make video on should we invest in nps or any other mode of investment.
I have NPS account👍
I have some inquiries which are as follows:-
1:At what age will the NPS pension start❓❓
2:If something happens to me, will my wife continue to get pension or not❓❓
3:If something happens to both of us, what will happen to this amount which is in this account❓❓
Kindly reply as soon as possible.
Why the actual contribution amount not showing up in nsdl dashboard? It shows less amount only in holdings. When raised the query, they confirmed my actual amount through mail, but haven't clarified the reason for the holdings amount is lesser than i what contributed
Sir/ madam - Pls All Indian's support the ( OPS ) 🙏 , it's best for OLD age.
After seeing the future value I lost the intrest in investing..
reall sir...so much informations video u make it....i m ur big fan....
Pls make video....of NPS for those employees who retired and r getting NPS...🙏
मान्यवर यह बताइए कि रिटायरमेंट के बाद NPS के प्रति एक लाख रुपए के इन्वेस्टमेंट पर कौन सी कंपनी आज की डेट में सर्वाधिक मंथली पेंशन दे रही है ?
Sir our monthly salary is 12500, how we invest 16500 per month, make video which will help to every middle class person
There are good names out there, people that have shown consistency. Like Karen Marie Emma, she's currently my coach. Lookup the name , you can reach her through her home page.
Just want to understand which is better NPS or lic Jeevan Umang??
Spot on and very well explained!! Good job
Outstanding Video Explaination.🇮🇳🇮🇳🇮🇳🇮🇳🔥🔥🔥🔥
All good what u explain, but there is a catch as someone is gov employee, he is restricted to Active Choice with Scheme G(min return). Now if he opted Auto, again LC75 is not for gov emp, he can opt only LC50 n LC25 which reduces exposer to Equity as assest class with age, so this is not fair to gov emp, if anyone can take more risk. Return of around 9% overall contribution, it is good to invest in some where other in MF.......GOV SOHOULD THINK N GIVE THE RIGHT WHO WANTS ACTIVE CHOICE WITH EQUITY.......
I am surprised there is no mention that pension is taxable as per the tax bracket of the individual. So even for senior citizens, ~20-30% (depending on old vs new tax regime) will go as tax. In hand will be 70-80lakhs only.
No it is not calculated that way. After 60 let's say you don't have any source of income, you will only pay TDS and this amount will be like 12-13 lakh per year. Hence tax liability will depend on the tax slab.
I think there is an option to receive the corpus in installments as well instead of geting it in one shot. At the age of 60, we can check our financial needs and income per annum and decide how to withdraw the amount
Thank you for the information. Worst investment is NPS.
How?
@@maheshgarg33 Restricted withdrawl .
Thanks sir, for providing such valuable information.
Best video I saw for NPS
सभी डाउट क्लियर हो गए मेरे। थैंक यू
I am going to retire in January 2023, & I want to save my taxes 1.5 lakhs+0.5lakhs(earned by pension, investment etc)& I have NPS account & so far I was availing 50k exemption only, as I had GPF account.
I was in a govt job where I have a NPS account....Now I left the job and doing my own work. How can I transfer and run my NPS account by myself ?
Subscribed to your channel after this video
Sir what happen with the amount of 40% annuity if pensioner died after 60 years means (61,62,63........ at any age)
Annuity amount wii be paid to nominee
Very very good information sir 👍
Good Informational video on NPS...really great
Thank you sir
As per contribution of this video your corpus will be only 50 lakh in age of 60... Only. 4cr. is only picture , that not true , if you are not agreed with me check statement of NPS , that start from 2004 now 17 years completed.
Sir can you please brief me
Right
Many Many thanks for detailed explanation ....
Hello Sir, in this volatile market nps allotment how to divide for 1 year? suppose for E - 35%, C - 40%, G - 22%, A - 3% or for E should be more? I just joined and 40y old. Please answer me 🙏🏻
61 saal ki age me death ho jaati hai toh baki bacha amount milega ya wife ko pension milti rahegi aur in case dono ki death ho jaati hai 61 year ki age me toh jo 1 crore remain rehta hai uska kya hoga ... Kya woh hamare nominee ko milega ya lapse ho jayega
Muje bhi yhi janna tha
Can u plz explain the formula and the method for calculating the returns on the investment in nps
Sir, I have a doubt. Need your help to get clarified. If I have investment like EPF, PPF till 1.5 lakhs to claim under 80c and then investing 50,000 rs for NPS, then can I claim this 50,000 yearly under 80CCD1B
Yes
I have invested ₹50000/_ in NPS. Main objective for tax benefits. This invest as Government Employees. I may not be able to continue after retirement. My investment in tire I. Solicit your opinion. Minu Banerjee Simlapal Bankura West Bengal.
NPS is a shit. I would rather invest in direct Equities. I don't care about tax savings.
I would easily beat those fund managers. Those funds managers would find it very difficult to generate even 15% because of the fund size. Whereas I can easily generate 20% by learning about stock market.
Small cap can deliver multibaggers and those fund managers can't invest the entire amount in small caps as they have restrictions but there is no restrictions on my style of Investment.
very well explained! Great Job Brother
NPS funds are not growing at all 10% rate..
If you change your citizenship after few years can we withdraw money?
Good information sir thank you
My father is a Central Govt Employee and has been contributing to VPF. Can he now open a NPS account seperately and keep on contributing to both?
Yes
No need
1.5 lacs in 80ccd 2 is also tax rebatable over and above 1.5lacs of 80C and 50K of 80ccd 1b
Hello sir, I am your big fan. Please make a video on how the extra 50000 should be invested in nps or other equity scheme considering tax benefit.. Which one will be profitable? Thankyou
Now It is No Pension Scheme- What will be the annuity return rate after 2049? Why NPS withdrawal is not encouraged due to stupid conditions? What if market sinks down?
Me ek govt employe hey me 21 years se kam kar raha he example har mahine 8k tier 1 account me dal rahi he 39 years me kitana milega
Can we open NPS at axis bank?
YES, you can open NPS A/c in Axis bank.
I already have covered 1.5L under 80C via investment under PF, Insurance premiums, MF's etc. Not taken NPS so far. So after seeing your videos, I would like to invest annually another 1.5 to 2 L. Now, will I be eligible for another 1.5 to 2 L cover on Tax benefit over and above that I'm already getting from above mentioned 1.5L tax benefit (via PF and insurance investments) ? so totally I can avoid upto 3-3.5L of tax benefit ?
No, u will get only an additional tax benifit of 50,000 beyond 1.5 L so on a whole 2 L
😂
Don't just jump in well after watching a TH-cam video because most for the TH-camr which are in favor of govt will always show you the benefit but never show the dark side of it. Rules can change at any moment of time, do you think govt don't want tax so he wants people to put in NPS. Govt want lump of amount at a time for just to save 20% tax people will dump 50k amount blindly in NPS which is also a indirect tax for govt. Nobody knows when the rules will change. NPS amount invested in share market so at the end what will be the return nobody knows. No gurantee return so dont just be in dreamworld but live in real world with less risk.
You can avail deduction benefits u/s 80 CCD (1B) for investment of Rs 50,000 in Retirement Account or Tier 1 Account..(over and above 1.5Lakhs deduction availed u/s 80 C )
It's beneficial to put 40 lakh lumpsum in nps. Pl. Advice.
I had to watch the video on 1.75x, why do youtubers stretch so much.
Sir mene apna nps karaya he he 500rs se aur mere age 32 he to mujhe 60 saal ke baad kitne pension aur kitna benefit milega
If a person die in the middle of the scheme, what is the process how the family members will get that and family member can continue the scheme
Simple nominee...
NPS is non-transferrable (from what I know), so giving Nominee name at time of opening account is best. In case of early Death, Nominee can Claim Full amount & close NPS.
60 % of 4 crores is 2.4 crores..then 30% tax will be levied by govt and so we will get only 1.68 crores in hand out of 4 crores...now govt has earned 72 lacs from us and govt has 40% of our money , that is 1.6 crores .....so humein loot Lia Gaya hai
Mera question ye hai ki agar EPF mei Paisa deposit hota h to kya NPS account open kra sakte hai?
What if the Person dies between 55-59? Would he get the amount ? If so how much?
What if the person dies at 70? Who would get the monthly amount? Nominee?
NPS would have a great option if pension rate was fixed but it is not like that and how you can assume 6% pension where now a days in 2021 we hardly get 5.4% .
And rate of interest in bank will decreased in future as India is growing economy and if interest remain the same India will not grow because on other hand business man have to take loan on higher rates and his staff ,salary, profit ,maintainece cost will increase and not many people will come across to do business and genrate employment .
As we know Amount in NPS was placed in stockmarket and govt bonds …longer durations will definitely get more than 6%
Hello Sir,
you have said an NRI can also invest, my question is, can an FNIO also invest, who is an OCI card holder , if so please explain as i know many OCI holders or FNIO are definately interested, many thanks
What happens to the remaining 40% amount which govt. holds to give u pension after death? Will the nominee get that money back?
Yes if u opt for return of annuity
Nps change old pension scheme very nice old pension scheme
Sir I have opened nps account on 4/11/2022 and on the same day i have deposited 50k on tier 1 .. but when I log in to account till date it is showing zero balance zero holdings
Consider we made, ppf under 80c for 1.5 lakh then still we can avail 50k under 80cc1b? Is this possible ?
Suppose a person, aged 25 years, opened a NPS account to deposit Rs. 2000/- per month ; can he increase the deposit amount to Rs.10000/- or so on after 5/10 years ? Can a person open more than one NPS account?
Hello Bhaven, can u please provide the link to the video on portfolio rebalancing?
I have joined in government service in the year 2005 , December. I'm going to retire after 11 years that is in 2033 . What will be my pension. Presently I'm receiving 90000 after deduction
यहां पर आपने मान लिया की 60 साल के बाद आदमी 80 साल तक जीवित रहता है और आपने उस हिसाब से उसका पेंशन निकाल दिया लेकिन जब पेंशन देने का समय आएगा तब सरकार इस चीज को केसे कैलकुलेट करेंगी ?
Sir, am 66 years old, accidentally my NPS got deferred. Now I want to exit from NPS. Please guide me the procedure to exit
As per ur char the contribution amt was fix eg 16500 where as in my case it's changing every month.. so very confuse..
What will be my total contribution till my retirement n investment.. please guide..
How you adjust inflation rate... Avg for 30 yrs.. It should it 7.2℅ avg
I have a question. my mother retired on the 28th of feb this year, when will she receive here gratuity and leave encashment, it's the 5th of april and she has received nothing till now. she worked for 37 years in healthcare.
Mera jo 2014 sai abhi tk, 8% he return d rha hai cagr.
Isse upar ka return milega bhool he jau.
10% impossible hai...for a govt. Employee , jiske pass option nhi to change his investment ratios.
Reality is very different. Very low compensation received by government employees
NPS wale ko ek hi rasta he. 1.Loan leke plot karido
2.SIP 10000per month karlo
3.PPF Me 5000
Aur daru cigarette band karo
Kyunki investment vapas bhi lena he😂😂😂
Madam, my NPS account opened after 1 year of joining. In this time there is no deduction for NPS. Now, can it possible to deposit pending 1 year of NPS deduction.??? Please reply🙏🙏🙏🙏
Kya NPS me per month invest kerna thik hai ya one shot bhi hume same return milega?
Aur ager koi bhi person 45 year ki age me uske death ho gaye toh kya pension uske nomine ko milega?
Please let us know how can we eliminate POP charges?
Please reply if anyone knows about it, it will be useful for all readers
Directly open account or deposit through NSDL website or app
@@meetjoshi8473 thanks for the reply. Well earlier I opened thru Karvy as that time there was no option for online.Now how can I remove POP charges? As I could not see any conversion option
Why most of financial advisor discourage investigation in NPS
Please make a video on
APY vs NPS
A person dies at the age of 80 after enjoying 20 years of pension then what will happen of his annuity?