Best Scheme For Retirement: It has become necessary to plan for retirement as soon as you start a job because inflation is increasing rapidly. If a person does not plan for retirement properly, then he may have to face problems in old age. Today we are going to tell you about 3 such schemes, which will end the tension of old age of those doing private jobs. This means that even if you do not have a government job, you will be able to get a pension like a government babu by following this method.

1. National Pension System (NPS)

The National Pension System (NPS) is a market-linked retirement scheme that allows investors to create a fund through investments in equities, government bonds, and corporate debt. This scheme provides returns based on market performance, due to which its earnings may fluctuate. Individuals investing in NPS can get tax benefits of up to ₹ 1.5 lakh under Section 80C and an additional ₹ 50,000 under Section 80CCD (1B). This scheme is ideal for long-term retirement planning as it offers regular contributions and tax benefits.

2. Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a guaranteed pension scheme for senior citizens aged 60 years and above. Under this scheme, a fixed interest rate of 7.4% is provided for 10 years, protecting from market volatility. A maximum investment of up to ₹15 lakh can be made in it. The investor gets a fixed pension on a monthly, quarterly or annual basis. The principal amount invested is returned on the maturity of the scheme. If the investor dies during the scheme term, the entire investment amount is returned to the nominee.

3. Senior Citizen Saving Schemes (SCSS)

Senior Citizen Saving Schemes (SCSS) is one of the highest interest rate-providing schemes for senior citizens aged 60 years and above. Currently, SCSS is paying 8.2% annual interest, making it an attractive option for conservative investors. A maximum of ₹30 lakh can be invested in it. The duration of the scheme is 5 years, which can be extended by 3 years. Interest is paid every quarter, thereby providing regular income. Investment made in SCSS is eligible for tax deduction under section 80C, but the interest earned from it is taxable.

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