NPS, Public Provident Fund (PPF), PMVVY Or Senior Citizen Savings Scheme (SCSS): Which One To Invest In?
National Pension System (NPS), Pradhan Mantri Vaya Vandana Yojana (PMVVY), Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) are some of the tools available today for earning a pension after your retirement. Retirement planning is often neglected by individuals. For something as inevitable as retirement, planning well in advance leads to a steady flow of income during post-retirement years, say financial planners. But which one to pick from the various instruments focused on retirement available today? Is an annuity plan better than investing in a pension scheme? Investors may look at the best suited option based on requirement, investment period and the ability to absorb volatility, say experts. (Also read:Â How To Invest In Atal Pension Scheme (APY) To Earn Pension of Rs 5,000 Per Month)
In an annuity plan, you pay a lump sum and start receiving regular income for life or a pre-defined fixed period. A pension plan, on the other hand, provides you with the opportunity to accumulate your savings in the years towards retirement.
Rate of interest: NPS vs PMVVY vs PPF vs SCSS
Tax benefitsSection 80C of the Income Tax ActWhen to pick SCSS or PMVVYWhen to pick PPF Public Provident Fund (Public Provident Fund) When to pick NPS or National Pension SystemHere are few other things to know about PMVVY, SCSS, PPF and NPS
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
