Investing for your retirement on time is better investment planning. If you are also in your 30s, then you should start thinking about retirement and investing accordingly. Although there are many options in the market, but from Atal Pension Yojana (APY) to New Pension System (NPS), there are many such options which will not only give better returns but will also keep your money safe.
If you want, you can also invest in SIP or insurance pension plan with retirement planning. Here we are going to tell you about 3 great retirement options with better returns and safety.
These 3 options will become old age companions
You can choose any one of these 3 options for your retirement.
PPF: Public Provident Fund (PPF) is a great investment plan for retirement planning with a lock-in of 15 years. However, later it can be extended further for 5-5 years. It can be opened in any bank branch or post office. At the same time, a minimum of Rs 500 and a maximum of Rs 1.5 lakh can be deposited in it throughout the year. The government decides the interest on this every quarter. At present, it remains above 7 percent annually.
NPS: The money deposited under the National Pension System (NPS) is maintained by the government, but it is a market linked investment option. In this, a part of your savings is invested in the stock market, which gives you good returns. In this, any person between the age of 18 to 60 years can start investing.
Atal Pension Yojana: This scheme was launched by the Modi government in 2015. Any citizen of India can invest in it. In this, you can choose how much pension you want after the age of 60. You can choose pension of 1000, 2000, 3000, 4000, and 5,000 rupees. Your premium is decided accordingly.
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