Angasa Financial Services Pvt. Ltd.
Angasa Financial Services Pvt. Ltd.
The National Pension System is a government-supported retirement plan designed to help individuals systematically save for the future. It offers a combination of equity, corporate bonds, and government securities, allowing you to balance growth with safety. Contributions made to NPS are eligible for tax benefits under Section 80C and 80CCD, making it a highly efficient retirement planning tool. At the age of 60, investors can withdraw a portion of the corpus and use the rest to purchase annuities for regular income.
Pension plans and annuity products are designed to provide a guaranteed income stream during retirement. By investing a lump sum or through periodic contributions, individuals can secure lifelong payouts to meet daily expenses. These plans are especially beneficial for those who want predictable monthly income without depending on family or uncertain returns.
The Senior Citizen Savings Scheme is a government-backed option exclusively for individuals aged 60 and above. It offers one of the highest interest rates among small saving schemes and provides assured quarterly payouts. SCSS is a safe and reliable option for senior citizens who want steady income along with tax benefits.
The Public Provident Fund is one of the most popular long-term saving schemes in India. It offers tax-free interest and compounding benefits over a 15-year lock-in period. With government security, flexible deposit options, and attractive returns, PPF is a preferred choice for those looking to build a retirement corpus gradually.
