Open this account in PNB, 30 thousand rupees will come in the account every month in old age - Newztezz Online


Monday, December 14, 2020

Open this account in PNB, 30 thousand rupees will come in the account every month in old age

If you want to make your dream of a better future come true, open a special account in Government Bank Punjab National Bank. 
PNB, the country's second largest state-owned bank, is allowing customers to open a national pension system account. After investing Rs 5,000 per month in this account for 30 years, at the age of 60 you will get Rs 30,000.

The National Pension System (NPS) is a scheme under which money is arranged for its old age. It may be recalled that the National Pension System for Government Employees was introduced in January 2004. It opened in 2009 to all categories of people. Anyone can contribute regularly to the pension account during his working life. Upon reaching the age of 60, he can withdraw a portion of the total deposit at a time and the remaining amount can be used to earn a regular income after retirement.

PNB tweeted the information

PNB tweeted on its official Twitter handle that now invest safely for a better tomorrow. Open your e-NPS account with PNB.

This is how to open an e-NPS account

  • To open an NPS account, first log in to the official website of PNB.
  • Click on the new registration link on the online subscriber registration page.
  • Get your OTP on the registered number by entering your Virtual ID number.
  • Fill in the personal information by generating an acknowledgment number.
  • After filling in the information, get the PRAN number and log in.

In this way you will get a pension of 30 thousand rupees

  • Monthly Investment in NPS - Rs. 5,000
  • Total contribution in 30 years - Rs. 18 lakhs
  • Estimated return on investment - 10%
  • Total amount on maturity - 1.13 crore
  • Purchase of annuity - 40%
  • Estimated annuity rate - 8%
  • Tax-free withdrawal: 60% of maturity amount
  • Pension at the age of 60 - Rs. 30,391 per month
  • Consolidated cash - Rs. 68.37 lakhs

Here is the calculation to buy an annuity with 40 per cent amount on NPS calculator. 40 percent annuity must be purchased.

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