If a savings plan for old age is started while working, then one gets relief from financial tension in old age. It is advisable to invest for the future right from the beginning of the job. Today we are going to tell you about five such schemes (Top 5 Government Schemes) through which you can do retirement planning. After investing, you can become financially secure in old age.
National Pension Scheme
If you want to invest in any scheme which is a tax friendly scheme. Then National Pension Scheme will be better for you. This is a safe scheme, in which there is no risk of losing money. Those who invest in the National Pension Scheme get pension. Not only this, if you pay premium in this scheme continuously for three years, then you can also withdraw money from it after three years.
LIC Saral Pension Scheme
If you want to invest in a safe and government scheme, in which old age can be secured, then LIC’s Saral Pension Scheme will be better for you. In this scheme, if you want, you can start taking pension not only from the age of 60 but also from the age of 40. You have to invest a lump sum in this. After which you can avail pension throughout your life. Whenever you surrender the policy, 95 percent of the deposit is returned to you.
Senior Citizen Savings Scheme
Senior Citizens Savings Scheme is a government and safe scheme. In which investment can be made for five years. After five years you can extend it further. On investment, you get 7.4 percent interest in this scheme. Investors can start investing with just Rs 1,000.
Prime Minister Vay Vandan Yojana
If you want to get better returns by investing somewhere safe, then you can start investing in Pradhan Mantri Vaya Vandan Yojana. In which you will get monthly pension in old age. You can invest in this scheme up to Rs 15 lakh. If you want, you can get a pension ranging from Rs 1,000 to Rs 10,000 every month.
Atal Pension Yojana
Any person between 18 years to 40 years can invest in Atal Pension Yojana. In which after turning 60, a pension of Rs 1,000 to Rs 5,000 can be received every month. Any investor can withdraw 100 percent.