Hi Rizwan...Since you are a CA student please think about my doubt also...Interest rates are going down every year. If we take pension after 20 year , may be you will have 1 crore at that time how much pension will get? If you take pension now you will get good money according to your capital. My friends they started taking 2 year back pension , they got good rate.But now rate came down compare with 2 year back.
Pls make a part 2 video on this covering questions like - comparing NPS with other investment opportunities like mutual funds, FD etc and analysing for which type of people which investment is best suited! And is NPS recommended for everyone? Etc 🙏
Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
You should make video on Inflation, that will help people think about their retirement, It will tell how come their 15000/month cost of living in April 2021 will change to 221000/month in April 2056, with 8% inflation/annum for 35 yr, One more request, make a video on investment in """Mutual fund vs NPS tier 2""" and discuss their exit load and charges of AUM etc....
I guess we don't have 8 percent inflation and I guess we will never have 8 percent continously for so many years. For developing country like India inflation of 3 percent is good
I know everything about NPS except complete picture of active and auto and even checked with many friends and got various answers.... finally got clear answe with chart explanation.... thanks mam ....
I am really thankful to you. I am only sad, that though this NPS is from 2009, unforuntate that so many people are not knowing this. This is the state of education in this country. We are not educated on financial planning at schools and colleges. We get to know this through youtube !!
Thankyou so much for making me financially literate,there was so much I didn't know which I feel I should have known, but as you said in one of your videos that we women think that finance is just not my thing! i too thought that way till I came across your channel ,the ease with which you explain things, the structure of your content and of course your excellent command on language makes it a one stop solution for all your financial knowledge, keep growing, keep educating ,you are doing a commendable job!!
The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
I’ll recommend Tamara Diane Hagan for you, her strategies is working for me for months now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Great Explanation and information , thank you for sharing ,One query please , what happens to annuity amount on death , after age of 60 , is it given to nominee
Thank you in tonnes! This is what I needed! I had zero knowledge on NPS before watching this video. Thank you so much!!! Now I can say I am in a lot better state of understanding NPS! God Bless You!
Oh my god this was so so informative! Really learnt a great deal about NPS! Btw you caught me the first time you asked us to pause and then asked to wait 😂
I have a question regarding partial withdrawal of amount. you said that 25% of contributions can be withdrawn. so can a subscriber withdraw 25% of only his own contributions or 25% of his own plus his employer's contributions? and one more thing 25% of amount includes CAGR or does it mean contributions without any CAGR I.e. 25% of capitalized/ increased amount or basic amount?
I just saw this useful video today and it is very informative....thanks for the video....can u help which is more better active choice or auto choice and which pension funds are better
I am a government employee and NPS is mandatory for government employees as you know. I have a request to you that please make a seperate video of difference between NPS and OPS (Old Pension Scheme). And also educate us to understand that which one is better.
OPS is better than NPS. OPS gets pension as per your grade and almost no deduction from your salary while employed. NPS is your money which govt is investing here and pension is also not good. It is good for govt but not good for govt employees.
@@2441979D OPS is a burden on govt and the tax payers. It is not possible to give free money to every retired govt employee. NPS is a sustainable way to generate retirement pension for govt employees. If you don't want to contribute from your salary then you are lacking discipline.
VERY GREAT EFFORTS BY YOU AND YOUR TEAM. DEFINITELY A TREASURE FOR ALL CITIZENS OF INDIA. BEST WISHES TO ALL THE TEAM AT CARR. I HAVE UTILIZED THIS VIDEO AS A REFERENCE FOR UNDERSTANDING THE BASICS OF NPS.
Hello Rachana, I really thank you for this wonderful informative video. I was scratching my head before watching this and now I have a very good understanding of NPS. I don't think the people who worked/works with NPS can explain the process like you. I appreciate everyone's time who worked with you to prepare this video.
Ma'am I have a question, are the returns from NPS guaranteed? What if someone has taken maximum exposure to equity and the moment he turn 60, unfortunately the stock market crashes?
Thanks CA Rachana for helping us. Just a few doubts - 1. What if person dies before 60, how will the amount settle. 2. What if person dies at 65, in that case he received annuity for 5 years, how will the rest amount settle. Request you to pls answer these.
Thank u very much.. I want to understand the last one year. But I never understand. But Today u give me clear picture. I remember you. From Today I'll follow. Thank u very very much for ur efforts. ...
Hi Ma'am, I have few doubts. 1. Which fund house would be the best among these? 2. Can we change the fund house in future? 3. Do we have to select the annuity plan from the very beginning?
That's not the downside. The product is designed for that very purpose (to have a "pension"). if that does not work for you and you will need to have all the money then, a product like PPF is good for you or opt for MF
Few pointers as I am still confused what decision should I take between NPS or MF: 1) 60% can be withdrawn and 40% is in annuity which would be taxed but if we invest in MF then even those are taxed for capital gains. 2) And yes lock in period is for 60 years of age but I see a meaning where getting 1 golden egg per day is better than slaughtering the whole chicken.
Excellent coverage of such a big topic in few slides. Kindly share whether the nominees can claim entire accumulated sum immediately or any clauses in case of death of a NPS member.
Excellent video 👌 Thanks a lot. 2 suggestions: 1. Comparision of NPS as an investment with alternatives would have added more value. 2. Conclusion was empty. Only information we got was that it was heavy 😃. You may want to summarise and provide a few bullet points. Meanwhile thanks a lot again for presenting the basics of NPS 👏
'Chilling at some beach at Konkan or Hawaii'...is how every COBRA friend of mine describes a vacation. It's either Konkan or Hawaii and nothing in between...
You've not mentioned anything on NPS subscriber type - CRA and Swavalamban. I'd come here to watch this for that mainly but learnt rest of things quite in detail. Thanks!
Good stuff! Thanks Rachana, thoroughly enjoy your videos. Question- like PPF, earlier the better applies here as well? Also, if I forgot to invest 50K in Apr, then in May by what date should I invest so as not to loose on that month's interest (is there any such cut off date like 5th of each month for PPF?
PPF is govt backed and NPS is market linked. So I think it won't much affect if you do it after may the 5th. Nevertheless sooner the better coz u have your money invested and working.
Thanks for the video. being employed, it helps with 80CCD(1B), but rather stay away from this & stick to my own investment in mutual funds. I find NPS far more restrictive. Given the bulk is taxed, might as well have our flexibility on how to save & deploy the corpus at our will. Thanks for making this video, definitely useful.
Yeah I also feel it very restrictive. We can not withdraw money till 60 then after that also, we cant withdraw fully. But the catch is tax saving, people can save extra 50K through 80CCD. What is the alternative? How to save tax more without NPS?
I think returns will be more from mutual funds and investing directly in stocks, but NPS gives some kind of security that, not all money is in equity and that your mind will be free from always following market trends etc and the security of knowing that i will not change your mind since I can't break it before 60. Peaceful retirement. But definitely other than NPS, stock or mutual fund investment should be done at younger age
Rachana it was such a good video explaining everything about NPS and the tax exemption. May I request you to share how to manage your funds after 60 as FDs are no longer giving us interest to sustain the current inflation
For anyone who is viewing, Go for cra or enps directly. PoP charges money at each contribution and yearly.Also there is no option of converting to an enps account
would be really helpful to compare mutual fund with 75% equity option in nps, for 30% tax bracket one will get to invest 35k in mf and at the age of 60 returns will be taxed by LTCG. I wonder if it can still be better option compared to NPS as there is better performance in MF and flexibility compared to compulsory annuity...
MF ELSS SIP is much better than NPS. Govt is giving tax benefit now and taking away 40 percent of our money. Mandatory annuity pension is same as FD interest, then why to invest in NPS? NPS is for people who know nothing about mutual fund and dont want to learn anything.
Thank you so much ma'am I'm 21 now I'm planning to start in this from this age so I get longer time, but I have a question ma'am if I initially put ₹10k per month in it and later would like to change it to ₹20k per month, is it allowed?
you did not talked about "individual account vs corporate account" and NPS do have charges which is a MAJOR point I was looking for. However overall video was helpful. Thankyou
Respected Ma'am I am State Government employee and My contribution towards NPS deducted from my salary worth Rs.70,000/- Than I want to know that if I invest in ELSS Rs.130,000 and 20,000/- of above mentioned NPS CONTRIBUTION can claimed under 80c (1,50,000) and remaining my contribution to NPS which one deducted from salary Rs 50,000/- claimed under 80 CCD (1B) for extra benefits of 50,000/- Please help me to clear that doubt Thanks
the maximum deduction that can be availed under nps (only tier 1) is 50000...whatever extra you put into nps does not qualify for any deduction....so final calculation is 0.5lk for for nps and 1.5lk for other deductions
For example If a govt employee contribution is 60,000 under section 80CCD 1 Now govt employee invest 1.5 lk in 80 C So either he is eligible for 80 CCD 1 (B) automatically Means his own contribution of 50k out of 60k will count under 80CCD 1 ( B) automatically or govt employees have to invest extra 50k for benefits of 80CCD 1 ( B)
People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Despite my husband and I having equal tenure in civil service, differing investment approaches yielded disparate results. Guided by a financial advisor, We are both retired and still earn monthly from our investments.
Indeed, that's accurate. I'm currently in my mid-50s. My husband and I were on a similar path until a couple of years ago when I decided to shift my investments to his wealth manager. While I haven't quite caught up to his accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
It's regrettable that many individuals lack access to such insights. I understand why people might become anxious. Insufficient information can indeed pose significant challenges. Personally, I've been able to generate over $25k passively simply by investing through an advisor, and the best part is, I don't need to exert much effort. Regardless of economic fluctuations, skilled wealth managers consistently deliver returns.
*@donaldsimeon8606* I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
I'm guided by Camille Alicia Garcia an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
I've taken the initiative to research "Camille Alicia Garcia" online and verify her credentials. I'm impressed with her expertise, and I've reached out to her to share my financial market goals in detail.
I have joined NPS department this month. I have been watching videos for the product knowledge. This one is so far the best. I would also like to add that we are the POP SP. Kindly comment here for any NPS related queries or to open a new account.
@Naman Wadhwa It is a voluntary contribution scheme where periodic contributions are made by the employer on behalf of employee to the employee's NPS account. Employees of both public and private sectors companies can choose to join NPS under the corporate model.
Same here, I made $12,400 profits on investing since I started trading with Mr Harry Webar his trading strategies are too notch am winning consistently trading with him. He's really the best broker, I've made a lot of profit investing with him.
The most impotant benifit is the EXPENSE Ratio out here which is the lowest compared to any funds and hence that calculation charts shoots up the corpus.
Thanks Rachna, you covered almost everything, with sufficient details in minimum time. I was particularly looking for the part where Corporate NPS contribution can save more tax for employeed person (upto 7.5 lacs?) which I found missing.
खूप चांगला विडिओ रचनाजी. खूप धन्यवाद आणि पुढील वाटचालीस भरपूर शुभेच्छा - एक पुणेकर [मुक्काम पोस्ट हिंजेवाडी] :) Indeed it was very helpful information. Thanks for sharing such good stuff.
Hi Rachana, thank you for the video on NPS and I have gained considerable knowledge. Could you please let me know about the death benefit to the nominee of NPS Thanks in advance for the information.
Hello madam, can you please give some insight on what is good for retirement plan - NPS or Mutual fund ? The comparison on these two options would be helpful.
Question 1: Under Section 80C, SSY, PPF, NPS, ELSS Funds, Equity MFs, Senior Citizens Savings Scheme, Principle paying in Home Loan, EPF, Term Insurance. We have many options under Section 80C. Tax Deduction Rs 1,50,000 per Annum (Maximum) Can we choose any one option that comes under Section 80C or multiple options required to avail the benefits of Section80C Tax Saving?
I have 3 questions regarding NPS. 1. Upon exit after 10yrs, 20% lum sum on Corpus (my contribution + interest) or only my contribution? 2. What if NPS individual died? 3. Is there any provision to discontinue contribution for certain period? Hope you will answer/or can make a video regarding.
1. What happens if the person dies ? Is it same like other investments - goes to nominee ? 2. Of all the funds - any suggestions regarding which is better ?
Thank you so much for this video about NPS. Really appreciate your way of teaching. Can you please elaborate on Sukanya Samruddhi Yojana. Once again thank you Rachana!!!
Hi mqm, Thank you so much for the good video. Now i have a doubt, i follow new regime and i have a NPS account. Is tax applicable on the lumpsum amount
Have you done your retirement planning?
No madam, I am just 17😂😂. But ya I should really think about it.
@@anaghkarmarkar9100 start immediately when you get your first salary!
@@CARachanaRanade ok ma'am . Sure . I will surely do it 👍👍☺️
yes mam i m govt. employ
I am 31. (Private Sector). Yet to start. Never too late..???
Mam I'm a CA Inter student..and honestly you gave a lot more knowledge than I expected through this video..lots of love
Same here🤟🏻 , i feel better listening to mam for FM and get clarity
Mam Aaple Audit che Lectures aahet ka Pendrive??
Hi Rizwan...Since you are a CA student please think about my doubt also...Interest rates are going down every year. If we take pension after 20 year , may be you will have 1 crore at that time how much pension will get? If you take pension now you will get good money according to your capital. My friends they started taking 2 year back pension , they got good rate.But now rate came down compare with 2 year back.
Kt
What is HUF
Pls make a part 2 video on this covering questions like - comparing NPS with other investment opportunities like mutual funds, FD etc and analysing for which type of people which investment is best suited! And is NPS recommended for everyone? Etc 🙏
I'm 60 and first time one who explains NPS so clearly. Thank you Rachana, you are really good.
too late
Do something for your grandkids
Use "mam" i.e Rachana mam
When did you start investing mam? What suggestion do you want to give me regarding financial planning?(I am in my 20's)
@@Hrdy022 Come on, Malay is at 60. Not so serious please.
I heard about NPS for the very first time, only through your video! and second thing that i did, opened my NPS account :-)
Arey sir aaplog idhar.
Which NPS account have u opened prabhuji
Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
It was like attending a commerce class for free! I want to thank you for adding value to my life.
Loving your personality too!
Thank you Rachna,depth knowledge you have
The Marathi connects & contexts are Great !
You should make video on Inflation, that will help people think about their retirement, It will tell how come their 15000/month cost of living in April 2021 will change to 221000/month in April 2056, with 8% inflation/annum for 35 yr, One more request, make a video on investment in """Mutual fund vs NPS tier 2""" and discuss their exit load and charges of AUM etc....
I guess we don't have 8 percent inflation and I guess we will never have 8 percent continously for so many years. For developing country like India inflation of 3 percent is good
Considering 6% inflation is fair enough but also it will entirely depend on the upcoming governments.
@sourabh ji :
That's the very genuine concern ..
I know everything about NPS except complete picture of active and auto and even checked with many friends and got various answers.... finally got clear answe with chart explanation.... thanks mam ....
I am really thankful to you. I am only sad, that though this NPS is from 2009, unforuntate that so many people are not knowing this. This is the state of education in this country. We are not educated on financial planning at schools and colleges. We get to know this through youtube !!
Correction at 5:28, The calculator shows 43lakhs, but you mentioned 4.32lakhs.
I agree to you that the amount compounded is higher when invested early
Hello Mam, please make a part 2 video explaining more about tax implications on maturity/withdrawal of NPS.
Thankyou so much for making me financially literate,there was so much I didn't know which I feel I should have known, but as you said in one of your videos that we women think that finance is just not my thing! i too thought that way till I came across your channel ,the ease with which you explain things, the structure of your content and of course your excellent command on language makes it a one stop solution for all your financial knowledge, keep growing, keep educating ,you are doing a commendable job!!
Investing is buying yourself a better future you don't have to work hard again.
You can say that again.👍
I have archived many things in my life since I started investing.
@Goodson Thomas Real Estate investment has proven to be the best.
Real estate investment let people grow their net worth by amassing more and more properties. It is a good long term investment due to appreciation.
@Alex Stein The Crypto market has been good news, people in it are seeing a great return.
Mam as am investing in NPS since 2014 . But still I had some doubts of it how actually it works n all. But thanks for the wonderful video on this.
Can you make a detailed video on annuity and if it is really the suggested option for retired people or are there better options.
You have not mentioned anything about the nominee . If possible please put the details in the comments. It will be a great help.
All that can be found in form while filling the form.
You can have up to 3 nominees.
Today I apologise myself that I was wrong to choose science becoz money is only the thing that taught in commerce
I am a commerce student and believe me they don't teach you to manage your finances.
I think why i didnt learn science subject. All subject are good
Believe Me " Doosre Ki Thaali Me Khana Sabko Accha Lagtaa Hai"🤧
They also don't know
Ohh! even I felt the same.. why didn't I choose commerce over science ?!
Investing in the stock market is the most common way for beginners to gain investment experience.
The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.
Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
who would you endorse ?
I’ll recommend Tamara Diane Hagan for you, her strategies is working for me for months now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Great Explanation and information , thank you for sharing ,One query please , what happens to annuity amount on death , after age of 60 , is it given to nominee
Thank you in tonnes! This is what I needed! I had zero knowledge on NPS before watching this video. Thank you so much!!! Now I can say I am in a lot better state of understanding NPS! God Bless You!
First one to explain NPS in so much details
ETMoney bhi accha sa vdos banatha hein... Check it out 👍🏼
AssetYogi didi way before and even better in hindi.
Jus coz u saw one video doesn't mean this is d best video
Oh my god this was so so informative! Really learnt a great deal about NPS! Btw you caught me the first time you asked us to pause and then asked to wait 😂
I have a question regarding partial withdrawal of amount. you said that 25% of contributions can be withdrawn. so can a subscriber withdraw 25% of only his own contributions or 25% of his own plus his employer's contributions? and one more thing 25% of amount includes CAGR or does it mean contributions without any CAGR I.e. 25% of capitalized/ increased amount or basic amount?
@@sarthakkukreja you can withdraw from your own contributions i. e. amount added from your pocket.
I just saw this useful video today and it is very informative....thanks for the video....can u help which is more better active choice or auto choice and which pension funds are better
I love the way how you are making people financially literate 👍🏼
I m not a CA or MBA student
But after watching ur vdos I think I didnt need degree to make smart decisions (financial) in my life.
I am a government employee and NPS is mandatory for government employees as you know. I have a request to you that please make a seperate video of difference between NPS and OPS (Old Pension Scheme). And also educate us to understand that which one is better.
Definitely old pension scheme is far better than NPS. NPS is scrap shit for Govt employees. BJP is known for anti govt policies.
OPS is better than NPS. OPS gets pension as per your grade and almost no deduction from your salary while employed. NPS is your money which govt is investing here and pension is also not good. It is good for govt but not good for govt employees.
@@2441979Dyes correct 👍
@@2441979D OPS is a burden on govt and the tax payers. It is not possible to give free money to every retired govt employee. NPS is a sustainable way to generate retirement pension for govt employees. If you don't want to contribute from your salary then you are lacking discipline.
1.Can I change the amount midway in NPS ?
2. Can I stop investing midway?
Please make. Video about the difference between NPS AND Pention fund in private sector.Thanks.
this is wonderfull information, i am thankfull for finding your videos, how to select fund managers,?? please tel me
VERY GREAT EFFORTS BY YOU AND YOUR TEAM. DEFINITELY A TREASURE FOR ALL CITIZENS OF INDIA. BEST WISHES TO ALL THE TEAM AT CARR. I HAVE UTILIZED THIS VIDEO AS A REFERENCE FOR UNDERSTANDING THE BASICS OF NPS.
Hello Rachana,
I really thank you for this wonderful informative video. I was scratching my head before watching this and now I have a very good understanding of NPS. I don't think the people who worked/works with NPS can explain the process like you. I appreciate everyone's time who worked with you to prepare this video.
Ma'am I have a question, are the returns from NPS guaranteed? What if someone has taken maximum exposure to equity and the moment he turn 60, unfortunately the stock market crashes?
Thanks CA Rachana for helping us. Just a few doubts - 1. What if person dies before 60, how will the amount settle. 2. What if person dies at 65, in that case he received annuity for 5 years, how will the rest amount settle. Request you to pls answer these.
Thank u very much.. I want to understand the last one year. But I never understand. But Today u give me clear picture. I remember you. From Today I'll follow. Thank u very very much for ur efforts. ...
Hi Ma'am, I have few doubts.
1. Which fund house would be the best among these?
2. Can we change the fund house in future?
3. Do we have to select the annuity plan from the very beginning?
Damn, I checked this channel for NPS literally 2 days ago, then moved to other nps videos.
This lady surely knows telepathy. 🙏
The downsides I see with NPS is the lock-in for 60yrs and the forced annuity component. People don't have access to their money.
True. One can't have a hold on 40% of their money. Crazy and annuity is taxed 🙏
That's not the downside. The product is designed for that very purpose (to have a "pension"). if that does not work for you and you will need to have all the money then, a product like PPF is good for you or opt for MF
Few pointers as I am still confused what decision should I take between NPS or MF:
1) 60% can be withdrawn and 40% is in annuity which would be taxed but if we invest in MF then even those are taxed for capital gains.
2) And yes lock in period is for 60 years of age but I see a meaning where getting 1 golden egg per day is better than slaughtering the whole chicken.
@@shravanareddy1 can I have both PPF(1.5 Lakh) and NPS(Rs 50,000) ?
@@sushmitgaur8537 yes.
Under 80CCD (1B), we can invest 50k in NPS above the 1.5 lakhs which are done under 80C.
Hello Rachana, thanks for sharing detailed video. Can u confirm till what age we'll get pension after Maturity?
Excellent coverage of such a big topic in few slides. Kindly share whether the nominees can claim entire accumulated sum immediately or any clauses in case of death of a NPS member.
Mem please make video on dividend record date, ex -date/dividend, book closure date. Please...🙏
Ma'am after the age of 60th
What is the effect of inflation rate in this system
This is the game😂
Can we have a similar video on ELSS?? Ur videos are very helpful
The video was very nice and so far I have gone through so many videos about NPS but this is the best...
This one video clears all my queries on NPS.
Ma'am what if the person passes away in the middle? Will the lump sum corpus be given to the Nominee?
I had the same question
Lol
Excellent video 👌 Thanks a lot.
2 suggestions:
1. Comparision of NPS as an investment with alternatives would have added more value.
2. Conclusion was empty. Only information we got was that it was heavy 😃. You may want to summarise and provide a few bullet points.
Meanwhile thanks a lot again for presenting the basics of NPS 👏
Alternative she won't tell as this is sponsored
'Chilling at some beach at Konkan or Hawaii'...is how every COBRA friend of mine describes a vacation. It's either Konkan or Hawaii and nothing in between...
Mam this video is amazing .but tricky to understand so plz mam can you make its part 2 video for simplifying the things
You've not mentioned anything on NPS subscriber type - CRA and Swavalamban. I'd come here to watch this for that mainly but learnt rest of things quite in detail. Thanks!
Good stuff! Thanks Rachana, thoroughly enjoy your videos.
Question- like PPF, earlier the better applies here as well? Also, if I forgot to invest 50K in Apr, then in May by what date should I invest so as not to loose on that month's interest (is there any such cut off date like 5th of each month for PPF?
PPF is govt backed and NPS is market linked. So I think it won't much affect if you do it after may the 5th. Nevertheless sooner the better coz u have your money invested and working.
@@kushalsharma3718 achha, makes sense. Thans
No one can explain the way you do it Rachna ! God bless you !
True.
As always learnt so much. Was expecting a suggestion as to should you or should you not invest in NPS?
Wonderful explanation..thankyou.. Keep making more videos
Great information. 👏
Should I pay my monthly installment on any day of month or any specific date?
Loved it maam, when you mentioned the dialogue from "Natasamrat"...
5:28 Seconds - total amount invested is 43,20,000 not 4,32,000.
Yes correct
Thanks... I was shocked when heard that.
One zero after numbers can make huge difference
Thanks for the video. being employed, it helps with 80CCD(1B), but rather stay away from this & stick to my own investment in mutual funds. I find NPS far more restrictive. Given the bulk is taxed, might as well have our flexibility on how to save & deploy the corpus at our will. Thanks for making this video, definitely useful.
Can you please share maximum investment limit for TIER 1 and 2?
Yeah I also feel it very restrictive. We can not withdraw money till 60 then after that also, we cant withdraw fully. But the catch is tax saving, people can save extra 50K through 80CCD. What is the alternative? How to save tax more without NPS?
I think returns will be more from mutual funds and investing directly in stocks, but NPS gives some kind of security that, not all money is in equity and that your mind will be free from always following market trends etc and the security of knowing that i will not change your mind since I can't break it before 60. Peaceful retirement. But definitely other than NPS, stock or mutual fund investment should be done at younger age
Conclusion: share with friends and family, like and subscribe. Jai Hind!
Rachana it was such a good video explaining everything about NPS and the tax exemption. May I request you to share how to manage your funds after 60 as FDs are no longer giving us interest to sustain the current inflation
For anyone who is viewing, Go for cra or enps directly. PoP charges money at each contribution and yearly.Also there is no option of converting to an enps account
Mam you haven't talk about what happen if an employee died before his/her 60 or after 60.
@@sktindia1947 𝓷𝓸𝓶𝓲𝓷𝓮𝓮 𝔀𝓲𝓵𝓵 𝓰𝓮𝓽 𝓪𝓶𝓸𝓾𝓷𝓽
Loved the intro... your videos just keep getting better
Great Video. Could you also help with difference between corporate NPS and Individual NPS?
Very insightful session. I want to know, Is NPS like PF wherein Employer contributes 10% of basic and Employee also has to contribute
Very informative video....!!
I have a question. Is there any criteria for minimum amount to be invested per year in NPS ? Pls guide...
would be really helpful to compare mutual fund with 75% equity option in nps,
for 30% tax bracket one will get to invest 35k in mf and at the age of 60 returns will be taxed by LTCG.
I wonder if it can still be better option compared to NPS as there is better performance in MF and flexibility compared to compulsory annuity...
the compulsory annuity is to future proof yourself, some people make very bad decisions with MF. its like a safety net.
MF ELSS SIP is much better than NPS. Govt is giving tax benefit now and taking away 40 percent of our money. Mandatory annuity pension is same as FD interest, then why to invest in NPS? NPS is for people who know nothing about mutual fund and dont want to learn anything.
Thank you so much ma'am I'm 21 now I'm planning to start in this from this age so I get longer time, but I have a question ma'am if I initially put ₹10k per month in it and later would like to change it to ₹20k per month, is it allowed?
yes you can change it.
Can I increase my deposit later when there's increment in my salary?
Yes
Came here to type this!
thank you madam for this valuable information. my question is how to choose pension fund manager or where to check pension fund manager performance.😊
you did not talked about "individual account vs corporate account" and NPS do have charges which is a MAJOR point I was looking for. However overall video was helpful. Thankyou
Respected Ma'am
I am State Government employee and My contribution towards NPS deducted from my salary worth Rs.70,000/-
Than I want to know that if I invest in ELSS Rs.130,000 and 20,000/- of above mentioned NPS CONTRIBUTION can claimed under 80c (1,50,000) and remaining my contribution to NPS which one deducted from salary Rs 50,000/- claimed under 80 CCD (1B) for extra benefits of 50,000/-
Please help me to clear that doubt
Thanks
Did u get answer
@@RAVISHANKAR-dh7vb You won't get any answer for such logical question....
All UA-camrs are making fool to innocent people
Same question comes also in my mind, I think yes but not confirmed by any CA till date
Rachna ma'am must clarify such answer in public interest
the maximum deduction that can be availed under nps (only tier 1) is 50000...whatever extra you put into nps does not qualify for any deduction....so final calculation is 0.5lk for for nps and 1.5lk for other deductions
For example
If a govt employee contribution is 60,000 under section 80CCD 1
Now govt employee invest 1.5 lk in 80 C
So either he is eligible for 80 CCD 1 (B) automatically
Means his own contribution of 50k out of 60k will count under 80CCD 1 ( B) automatically or govt employees have to invest extra 50k for benefits of 80CCD 1 ( B)
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You already told your birthday in one of the IPO analysis video (I guess craftsman automation)
True subscriber.
Please make a detailed video on the various charges of NPS account, from account opening to contribution to pop charges.
I have joined NPS department this month. I have been watching videos for the product knowledge. This one is so far the best. I would also like to add that we are the POP SP. Kindly comment here for any NPS related queries or to open a new account.
When we are filling the NPS opening form then what do we mean by corporate subscriber..?
@Naman Wadhwa It is a voluntary contribution scheme where periodic contributions are made by the employer on behalf of employee to the employee's NPS account. Employees of both public and private sectors companies can choose to join NPS under the corporate model.
@@rohitahmed6754 Thank you so much for the response. Got it
@@namanwadhwa6630 No problem
Can't imagine mhatarya rachana mam😂
This is really a great video, but as for me I make huge profits on my investment since I started trading with Mr Harry Webar
Same here, I made $12,400 profits on investing since I started trading with Mr Harry Webar his trading strategies are too notch am winning consistently trading with him. He's really the best broker, I've made a lot of profit investing with him.
I heard a lot of investing with Mr Harry and how good he is, please how safe are the profit?
I trade with him, The profit are secured and over a 100% return on investment directly sent to your wallet.
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Thank you mam your videos are very informative. One correction in 5:30 min you mentioned 4.32L its actually 43.2L right ?
Please make a video on " Should I invest in NPS or not? "
The most impotant benifit is the EXPENSE Ratio out here which is the lowest compared to any funds and hence that calculation charts shoots up the corpus.
Hi Rachana, if you could make a video & explain us in detail on new updates about multiple annuities on NPS
Thanks Rachna, you covered almost everything, with sufficient details in minimum time. I was particularly looking for the part where Corporate NPS contribution can save more tax for employeed person (upto 7.5 lacs?) which I found missing.
खूप चांगला विडिओ रचनाजी. खूप धन्यवाद आणि पुढील वाटचालीस भरपूर शुभेच्छा - एक पुणेकर [मुक्काम पोस्ट हिंजेवाडी] :)
Indeed it was very helpful information. Thanks for sharing such good stuff.
Hi Rachana, thank you for the video on NPS and I have gained considerable knowledge. Could you please let me know about the death benefit to the nominee of NPS
Thanks in advance for the information.
Hello madam, can you please give some insight on what is good for retirement plan - NPS or Mutual fund ? The comparison on these two options would be helpful.
Question 1:
Under Section 80C,
SSY, PPF, NPS, ELSS Funds, Equity MFs, Senior Citizens Savings Scheme,
Principle paying in Home Loan, EPF, Term Insurance.
We have many options under Section 80C. Tax Deduction Rs 1,50,000 per Annum (Maximum)
Can we choose any one option that comes under Section 80C or multiple options required to avail the benefits of Section80C Tax Saving?
Thank You Rachana for your wonderful detailed video on NPS.
I have 3 questions regarding NPS.
1. Upon exit after 10yrs, 20% lum sum on Corpus (my contribution + interest) or only my contribution?
2. What if NPS individual died?
3. Is there any provision to discontinue contribution for certain period?
Hope you will answer/or can make a video regarding.
Very good information... Pl update as per latest changes...
U r fabulous...nps is tricky for me but now...i understood ....thanx alot...nicely explained by you...
1. What happens if the person dies ? Is it same like other investments - goes to nominee ?
2. Of all the funds - any suggestions regarding which is better ?
Nice video mam. Can u plz again make a video with changes in rules of year 2023?
Very nicely and simple made video to understand NPS. Thank you Rachana
Thank you so much for this video about NPS. Really appreciate your way of teaching. Can you please elaborate on Sukanya Samruddhi Yojana. Once again thank you Rachana!!!
My god you are amazing, that much knowledge was so beneficial for me before I invest for NPS, thanks
Please make video of Advantages & Disadvantages of NPS over Govt Employees
Mashallah !!! Kya Samjhaya h ... Hatsoff Rachana ..
Hi mqm,
Thank you so much for the good video. Now i have a doubt, i follow new regime and i have a NPS account. Is tax applicable on the lumpsum amount
Dear Mam,
Thank you so much for such a nice informative video.
If i have an APY account can i open also NPS account and get benfit of NPS ???