What are the investment options available for retirement planning?

Employed individuals have a variety of contribution plans including Employee Provident Fund with employer contribution. There is also voluntary PF without employer contribution. The Public Provident Fund is another option which attracts a fixed interest on amount invested each year. The National Pension Scheme from the government is another retirement planning option, compulsory for government employees and optional for privately employed. Other investment options are equities, Exchange Traded Funds, Bonds, monthly income schemes, SCSS, Pension plans, liquid funds and FDs.


How to choose the right retirement plan?

Once you decide on investing in a retirement insurance policy, consider the following: • Whether the plan offers the option of long-term savings • Do you have the flexibility to select retirement /vesting age •…


Who can join Atal Pension Yojana?

Anyone who is in the age group of 18 to 39 years and 364 days is eligible for Atal Pension Yojana. It means if you complete 40 years, you are not eligible.

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What is Atal Pension Yojana?

Atal Pension Yojanaor APY, a pension scheme for Indians in the unorganized sector. According to this scheme there is a guaranteed minimum monthly pension of Rs.1000 to Rs.5000 on retirement age based on the subscriber’s…

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What are employment based pension plans

An employment-based Pension plan is retirement insurance plans or annuity plans where the employee allocates a portion of the current income to retirement income, usually tax exempt. These plans are of two types. Defined benefit…

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Can I get NPS if I am self-employed?

Yes. All Indian residents in the age group of 18-60 years can invest in the NPS. The scheme is mandatory for government employees and optional for private employees and self-employed.

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What happens if I move residence to another city?

The NPS is portable. Subscribers can keep the same PRAN regardless of whether they move residence or location. The same PRAN is valid across India for the subscriber to continue their investment via a local…

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Does the NPS send a monthly statement?

Yes. NPS sends a physical annual statement with details of unit holdings via the CRA within 3 months of the closing of each financial year.

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What will be my rate of return for my contribution?

The pension fund manager invests your savings in a scheme chosen by you. Investment allocations directly impact the growth of your pension fund. The rate of return depends on the return from the asset classes…

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Will the government contribute to my NPS account?

No. The Government will not contribute to your NPS account. However, if you have opted for the Swavalamban scheme, government contributions may be applicable subject to conditions of the scheme.

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Whom to contact if I have a grievance about my NPS?

A grievance about your NPS account can be registered via the Call Center or IVRS at a toll free phone number using T-PIN. There are dedicated call center executives. Grievances can also be registered via…