NPS: Open account in the name of wife, 45 thousand rupees every month with pension to get lump sum amount
new Delhi. By the way, in big cities, most women are working, in which case they save their own money. But saving at home is also an option for the housewife. But to secure their future, the National Pension Scheme is a better option. In this, by opening an account in the wife’s name, you can arrange a regular income for the future. Through this scheme, after the age of 60, the wife will get a monthly pension along with a lump sum at maturity, so that she will become self-reliant.
What is plan
You can deposit money in an NPS account every month or annually at your convenience. In this, an account can be opened in the name of a wife with more than 1 thousand rupees. By the way, its maturity period is 60 years. But under the new rules, you can continue it till the age of 65 years. It gets a lump sum at maturity. Apart from this, you can also avail pension facility every month.
Learn how beneficial
If your wife is 30 years old and you deposit 5000 rupees every month in her NPS account, then you will get 10% annual return on it. In this case, when the wife is 60 years, the total deposits will be Rs 1.12 crore. In the policy, you will get an annuity rate of 8 percent. In this case, you will get about 45 lakh rupees on maturity. While up to 45,000 pension can be taken every month. Your wife will get this facility for life.