Under this rule, for every $240,000 saved, $1,000 can be withdrawn each month if one sticks to a 5% annual withdrawal rate.
It is a contribution based scheme where the amount of pension to be received by you in the future depends on the amount of corpus accumulated at the time of scheme's maturity. The NPS calculator will ...
Currently, the salaries and pensions are based on the 7th Pay Commission's recommendations, implemented on January 1, 2016.
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