NPS vs APY vs PPF : Where should you invest for your retirement?🤔

We've made it simple by using the following 7 parameters:

- Aim
- How does it work?
- Withdrawal
- Eligibility
- Risk appetite
- Income Tax Benefit
- Liquidity

#retirementplanning #personalfinances #finance
1⃣ NPS - National Pension scheme

Aim:
Provide regular income to citizens when they stop working.
#NPS
How does it work?

All you need to do is deposit an amount regularly and get the benefits of compounding on the returns.
Withdrawal:

Upon maturity, you can withdraw a part of the amount as a lump sum, and the remaining can be used to buy annuity.
Eligibility:

Anyone between 18-65 can subscribe to NPS
Risk appetite:

You can decide the allocation of your investment into debt (government, corporate) and equity instruments based on your risk appetite.
Income tax benefit:

Under section 80CCD and 80C, the maximum deduction is 1.5 lakhs under 80C and an additional benefit of 50000 under 80CCD.
Liquidity:

Lock-in period is too long. You cannot withdraw until the retirement age.
2⃣ APY - Atal Pension Yojana

Aim:
Provide fixed pension to its citizens, especially in the unorganised sector.
#APY
How does it work?

A subscriber needs to contribute until the age of 60. Based on your current age, your premium amount is decided.
Withdrawal:

One can only exit when he/she attains the age of 60. You will receive monthly pension after closing the scheme
Eligibility:

Anyone between 18-40 with savings account can subscribe to APY.
Risk Appetite:

The Scheme is backed by govt & regulated by PFRDA. Hence, the scheme carries no risk.
Liquidity:

You can exit before maturity only in exceptional circumstances.
3⃣ PPF - Public provident fund

Aim:

To help investor make small savings & create a corpus for their retirement.
#PPF
How does it work?

A PPF Subscriber needs to contribute in this scheme for minimum 15 years. You can invest minimum 500 & max 1.5 lac per financial year.
Withdrawal:

You can withdraw funds only after maturity period (15 years). Partial withdrawals are allowed only in certain circumstances.
Eligibility:

Any Indian citizen can open PPF account, even minors can open this account as long as there is a guardian to operate it.
Risk Appetite:

The Scheme is backed by govt & regulated by PFRDA. Hence, the scheme carries no risk.
Income tax benefit:

Entitled to the benefits of tax exemptions under section 80C.
Liquidity:

Lock-in period of 15 years.
Don't miss this opportunity!🥳
Learn how to maximise your savings with our personal finance course bit.ly/Quest-personal…

#financewithfinology

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More from @Finology_Quest

Feb 20
Everything you need to know about Bonus Issue:

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#finance #tax #investing
First, let's understand what Bonus Issue is⤵️

These are company’s accumulated earnings which are converted into free shares that are passed on to the current shareholders by the stake held by each of them without charging any additional cost.
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Hit retweet fr max reach!
1. EBIT:

Earning before interest & tax is company's net income before income tax.
It is used to analyse performance of company's core operations with tax exp.

EBIT = Revenue - COGS - Operating Expenses
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Feb 16
Mahila samman saving certificate vs FD:
Where should you invest?

Point of diff:
• Eligibility
• Tenure
• Required Investment
• Risks
• Interest Rates
• Pre-mature withdrawals
• Tax Benefits

Hit the retweet🔁 to educate the maximum investors.

#investor #finance
• Eligibility

MSSC: Deposits can be made only in the name of women or girl child

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• Tenure

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FDs: Tenure in FDs can range from 7 days to 10 years & investors can choose the tenure according to their requirements.
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10 Financial Terms every Investor should know:

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Please re-tweet for max reach!
1. EBITDA

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