As long as a human is in the job, they have no particular concern for money. But, once a person retires from his job, he needs money for living and making payment for things. However, if the person was doing a government job, the pension is available, but private employment does not have such a convenience. Then, what are the means that keep money coming even after retirement? We are talking about some investment options in this article in which you get money even after retirement after investing. Know about similar investment options.
This investment option is best for retirement. Out of the salary, 12% is deposited in EPF. It receives interest at a rate of 8.65%. However, salaried employees can take advantage of it. Money can be preserved by investing in PPF, and it is one of the best investment options. Keep taking interest after depositing money in PPF. PPF is an excellent option for those who invest in the date. Its interest is also tax-free. The PPF account can be opened in the bank or post office.
Investment in the National Pension System benefits a reduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. It can be invested in 6 different funds. The smallest investment annually can be Rs. 6,000. There is no higher limit for investment. Mutual funds are a great choice to raise funds. If you are considering investing in mutual funds, you have to be patient. Because it has to be invested for a long time. Can invest in mutual funds through SIP. Equity mutual funds give better returns for investment in the long term.
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