Save 53 rupees every day, you will get 1 crore rupees on retirement, Open your NPS account through just one OTP

NPS: If you dream of becoming a millionaire, then this news can fulfill your dream. To become a millionaire, you do not necessarily have to do business or earn a hefty salary. You can become a millionaire even in a simple salary. The central government has started this retirement scheme for the common people. The name of this scheme is NPS (National Pension System). In NPS, you can start saving with very small amount and can also earn big profits over time. So that people can deposit a little money and deposit a good amount for their retirement.

Open your account through just one OTP

It is now easier to open an account with NPS. You can open an NPS account at home through just one OTP. Recently PFRDA has allowed subscribers to open APS accounts through One Time Password (OTP) as well. Under this, customers of banks who want to open NPS account through internet banking facility of their bank, They can open NPS account by getting OTP on their registered mobile number.

How to make 1 crore from 53 rupees investing daily?

If you save Rs 53 daily, it means that you will accumulate around Rs 1590 a month. Now suppose that you are 20 years old and you are expecting that you will get an average annual return of around 10% from NPS. In such a situation, you will have to deposit 1590 rupees every month for 40 years and by the time you retire at the age of 60 years, you will have accumulated a huge corpus of 1.01 crore rupees.

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Who can open NPS account?

Anyone from 18 years to 65 years of age can invest in NPS. Its maturity is when you are 60 years old. That is, whether you start investing at the age of 18 or at the age of 50, you will get the money only after you turn 60. That is, the sooner you start investing, the more you will gain.

Only 60% of the money will come out

In the National Pension System, you cannot withdraw the entire money in one go, but can withdraw only 60% of it. That is, you can withdraw Rs 61.59 lakh from a fund of 1 crore rupees. The remaining 40% will have to be put in an annuity plan, so that you get a pension every month. After investing Rs 41 lakh in annuity plan, after the age of 60, you will get more than Rs 27,000 as pension every month.