Pension Awareness Day: Everything you need to know about NPS Diwas

  Before you start reading about the reasons we want you to understand that retirement is a universal phenomenon. Everyone around the world including you National Pension Scheme, nps is not a choice but a necessity.   At we simplify the process of Retirement planning with PensionBox & make sure you make better decisions to live a better life. For centuries,Indians have lived a Get Early Retirement comfortable and simple life as elderly but today’s fast paced world and changing dynamics of the society have posted challenges that were never faced before.And hence, it needs to be addressed with Best Pension Plans open dialogue and collective effort.   Reason1: India’s elderly (age>60) are living alone.  Reason2: Indian women need retirement income.  Reason3: we are aging,yes all of us.  Reason4: The Government support is not enough.  Reason5: It’s the right thing to do,period.   If you have question after reading the blog, we are here fo...

  Before you start reading about the reasons we want you to understand that retirement is a universal phenomenon. Everyone around the world including you will age and hence retirement planning is not a choice but a necessity. At we simplify the process of retirement planning with PensionBox & make sure you make better decisions to live a better life. For centuries,Indians have lived a Get Early Retirement comfortable and simple life as elderly but today’s fast paced world and changing dynamics of the society have posted challenges that were never faced before.And hence, it needs to be addressed with Best Pension Plans open dialogue and collective effort   Reason1: India’s elderly (age>60) are living alone.  Reason2: Indian women need retirement income.  Reason3: we are aging,yes all of us.  Reason4: The Goverment’s support is not enough.  Reason5: It’s the right thing to do,period.   If you have question after reading the blog, we are here f...

  Pension is your income when you decide to leave the workforce. Simply put it’s the money you get every month without work. Now the important part is how much pension is enough? To answer that we have two generic methods to calculate your private pension needs. We have seen that some can live on ₹20,000 per month & others need ₹1,00,000 to maintain their lifestyle.       In short, Pension needed depends on you, your way of life, your current age, your retirement age, inflation (mehgayi), expected rate of return in Get early retirement & 10 more factors. Before we start, let’s assume you are Ramesh or Rashmi or Prof. X: You are 30 years old & works as Manager at an MNC Your current Income = ₹10,00,000 annually & expenses = ₹50,000 monthly You get an average 10% hike on the yearly package and the rate of inflation in India is 6% Your desired retirement age is 55 Looks like now we know you & we are ready to see how different methods calculate you...

    Pension is your income when you decide to leave the workforce. Simply put it’s the money you get every month without work. Now the important part is how much pension is enough? To answer that we have two generic methods to calculate your private pension needs. We have seen that some can live on ₹20,000 per month & others need ₹1,00,000 to maintain their lifestyle. In short, Pension needed depends on you, your way of life, your current age, your retirement age, inflation (mehgayi), expected rate of return in Get early retirement & 10 more factors. Before we start, let’s assume you are Ramesh or Rashmi or Prof. X: You are 30 years old & works as Manager at an MNC Your current Income = ₹10,00,000 annually & expenses = ₹50,000 monthly You get an average 10% hike on the yearly package and the rate of inflation in India is 6% Your desired retirement age is 55 Looks like now we know you & we are ready to see how different methods calculate your retireme...

  Pension is your income when you decide to leave the workforce. Simply put it’s the money you get every month without work. Now the important part is how much pension is enough? To answer that we have two generic methods to calculate your private pension needs. We have seen that some can live on ₹20,000 per month & others need ₹1,00,000 to maintain their lifestyle. In short, Pension needed depends on you, your way of life, your current age, your retirement age, inflation (mehgayi), expected rate of return in Get early retirement & 10 more factors. Before we start, let’s assume you are Ramesh or Rashmi or Prof. X: You are 30 years old & works as Manager at an MNC Your current Income = ₹10,00,000 annually & expenses = ₹50,000 monthly You get an average 10% hike on the yearly package and the rate of inflation in India is 6% Your desired retirement age is 55 Looks like now we know you & we are ready to see how different methods calculate your retirement/ pension ...

 The Pension Fund Regulatory and Development Authority (PFRDA) has kick started a campaign under ‘Azadi Ka Amrit Mahotsav’. 1st October 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree ‘azad’ retirement. Why is NPS Diwas important for India? We believe India is at a historic turning point where we have the highest number of working forces in the world and a growing number of dependent elderly populations. Need to become financially independent in elderly years is the need of the hour and is going to grow in millions in coming years. PFRDA’S NPS Diwas is a step towards promoting and creating awareness in our people so that they know what’s important and what to do next to get there. PFRDA leading the flag with multiple companies promoting retirement planning will definitely create a wave of thoughts in the general public to at least start thinking about pension planning . What is Pension Fund Regulatory and Developmen...