Highlights
Invest in NPS and earn big.
Check out this assumptive plan.
New Delhi: For the ordinary middle class, savings and correct investment are the tools for a secured retired life. Among several options for retirement, the National Pension Scheme started by the government is a great option for those people who want to go for traditional method of investment.
You can start saving a very little amount in National Pension System (NPS) and over a period of time, earn good benefits too.
Assuming, a person starts at a very early age (say a person who is 20 years old) and sets aside just Rs 74 per day and put it in the National Pension System , then the person can easily build a corpus of Rs 1 crore. Here is an assumptive plan for building the retirement corpus of Rs 1 crore. If a person starts at the age of 20 and invests Rs 74 per day (Rs 2230 per month), upon retirement (after 40 years) the person can build a total corpus of Rs 1.03 crore, at 9 percent rate of interest.