The National Pension System (NPS) is a government-backed social security scheme that helps individuals build a retirement corpus and receive a steady pension. If you want to ensure financial security for your wife, NPS can be an excellent option. With disciplined investments, she can receive a monthly pension of ₹44,793 and a lump sum of ₹1.12 crore at 60.

How to Open an NPS Account for Your Wife?

• You can open an NPS account in your wife’s name with a minimum deposit of ₹1,000.
• The NPS account matures at 60 years of age, but under new rules, it can be extended till 65 years.
• You can choose to invest monthly or yearly as per convenience.

NPS Investment Example: ₹1 Crore+ Corpus & ₹44,793 Pension

Let’s understand with an example:

After 30 years of investing ₹5,000 per month, your wife will receive:
✔️ Lump sum ₹44.79 lakh
✔️ Monthly pension ₹44,793 for life

Why Choose NPS for Retirement?

✅ Market-Linked Growth – NPS has given 10-11% average annual returns since its inception.
✅ Government-Backed – Managed by professional fund managers under PFRDA regulation.
✅ Flexible & Secure – Investment choice across equity, corporate bonds, and government securities.
✅ Tax Benefits – Get ₹2 lakh tax exemption under Section 80C & 80CCD(1B).

Conclusion

NPS is a safe and effective way to secure financial independence for your wife. With just ₹5,000 per month, she can get a ₹1.12 crore corpus and a lifelong pension of ₹44,793 per month. Start investing early and ensure a stress-free retirement! 🚀