DEPOSIT 1000 RS EVERY MONTH , GET 1CRORE ,30 LACS ON TURNING 60

DEPOSIT 1000 RS EVERY MONTH , GET 1CRORE ,30 LACS ON TURNING 60


National Pension Scheme (NPS) ------ GOI is all set to go for a publicity blitz for creating awareness among people about the benefits of the scheme. According to sources, the scheme is open to Indian citizens, not NRIs, who are between 18 and 55 years of age. They can contribute till the age of 60 years a minimum of Rs500 per month or Rs6,000 in a year in monthly, quarterly, half-yearly or yearly instalments. There is no cap on the savings under the scheme.
"The old-age pension scheme has been designed in such a flexible manner that it gives maximum benefit to the account holder," department director (marketing)Anil Kumar told the NPS also gives the liberty to the account holders to withdraw their savings in case of exigencies.
If a person of 18 years of age deposits Rs1000 per month or Rs12,000 in a year and does not withdraw the money till attaining the age of 59 years, s/he would get a one-time payment of Rs1CRORE & 30 lakh or Rs50,000 per month as pension after the period. Savings up to Rs1 lakh every financial year under the scheme will also get income tax exemption under Section 80CC of theIT Act, Kumar said and added the rate of interest on the savings under the scheme varied between 12% and 12.3% during the last three years. "We hope it will remain more or less the same in years to come," he said.
Very good scheme for planning future of daughters marraige & Education taking part in the scheme for 15 yrs , 20 yrs or so . Also very good for pensioners aiming for a secured retirement for self n spouse .