Five Government Schemes for Consistent Monthly Income Post-Retirement
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Secure Your Future: 5 Government Schemes for Steady Monthly Income Post-Retirement
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News18•03-03-2026, 17:41
Secure Your Future: 5 Government Schemes for Steady Monthly Income Post-Retirement
•The article highlights 5 government-backed schemes and investment plans crucial for ensuring a steady monthly income after retirement.
•Atal Pension Yojana (APY) offers fixed pensions (Rs. 1,000-5,000) for low-income individuals, requiring contributions until age 60.
•National Pension System (NPS) is a market-linked, government-backed scheme providing a lump sum and annuity-based pension, suitable for long-term growth.
•Systematic Withdrawal Plan (SWP) allows gradual income from mutual funds, while Employees’ Pension Scheme (EPS) provides social security for salaried employees.
•Post Office Monthly Income Scheme (POMIS) offers guaranteed fixed monthly interest payments with capital safety, currently at 7.4% interest.
