NPS Calculator for Retirement Planning - Tier 1 vs Tier 2 Accounts
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- Опубликовано: 28 июл 2024
- NPS Calculator can be used to calculate pension amount. Let's understand Tier 1 & Tier 2 Accounts under National Pension Scheme. in this hindi video. How much corpus you will have at retirement? How much monthly pension can you get in Tier 1 Pension Plan? What exactly is a Tier 2 Account?
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Time Stamps
00:00 Introduction
01:17 NPS TIER-1 Account
01:54 Who can invest in TIER-1 Account?
02:18 Benefits of NPS
02:50 How your monies are invested?
04:10 Asset Allocation in NPS
05:23 Maturity amount on Retirement
08:40 National Pension Scheme Calculator
14:22 What is a TIER-2 account?
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NPS for Retirement Planning - • NPS (National Pension ...
NPS Tax Benefit - • NPS Tax Benefit - Sec ...
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• NPS Calculator for Ret...
एनपीएस कैलकुलेटर का उपयोग पेंशन राशि की गणना के लिए किया जा सकता है। आइए राष्ट्रीय पेंशन योजना के तहत टियर 1 और टियर 2 खातों को समझते हैं। रिटायरमेंट के समय आपके पास कितना कॉर्पस होगा? टियर 1 पेंशन योजना में आपको कितनी मासिक पेंशन मिल सकती है? वास्तव में एक टियर 2 खाता क्या है?
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How to Calculate NPS Amount ?
How to calculate NPS final lump sum retirement amount ?
How to calculate NPS Final Monthly retirement amount ?
What is Tier 1 Account in NPS ?
What is Tier 2 Account in NPS ?
How much can be expected ROI ?
Where does the funds manager invest amount ?
Which option is better in NPS ? Tier 1 or Tier 2 ?
Who can open NPS Account ?
In this video, the detailed explanation of NPS calculation is made with example. Brief introduction is given related to tax benefit in Tier 1 and Tier 2 option. Various investment options such as Corporate Bonds, Government Bonds & Equity are explained carefully. Also the part of asset allocation in NPS investment is touched.
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Hope you liked this video “NPS Calculator - Tier 1 & Tier 2 Accounts”. 
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NPS कैलक्यूलेटर tier 1, 2 के बारे में आपने बेहतरीन जानकारी दी है। हमको 10 साल हो गए थे इसमें खाता खुलवाए लेकिन कुछ जानकारी नही था। आपका बहुत बहुत धन्यवाद, बहुत धन्यवाद
Love you sir.. your teaching methods is very very easy and helpful.. keep it up and God bless you..
The best video so far with detailed information. I have finally opened my NPS account with Tier 1 option with the help of this video. Thanks a lot.
Thanks for good information... NPS mai 2 option h tax benefit ke Ek Mai 2lac tk aur dusre Mai 50k tk uske bare Mai Ek video banao
Sir, there is also alternative investments in which amount is invested by the pension fund managers. You haven't discussed about that. Anyways thanks for sharing valuable information on NPS. I always watch your videos.
Thank you very much sir... this is really helpful 😊
Just awesome bro. Outstandingly done.
Superb explanation👍
Thanks asset yogi for clarifying my all doubts🙏🙏😊
Hope it's helpful:)
Mukul sir, your channel is very very knowledgeable, I watch each and every episode
Cleared many concept about NPS. thank you!
You are genius Sir and Great teacher explains everything very slowly n Simplifiedly easy to understand n learn
Thanks Sir
Sir, I appreciate you tech topic in very simple way with example ☺️
Glad to hear that
thank you for making it so simplified
Glad it was helpful!
very clearly given information..Thank u. i am got very clear idea.
For investments in individual NPS accounts, are the returns are calculated in terms of CAGR? as in the case of SIP / Mutual funds for any other long term investment. FYI, I am personally investing in this since 3 years @50K
Your videos related to financial schemes are very good whatever I watched. Appreciated. Keep it up . All the best 👍👍👍👍👌
Thanks for appreciation Lokesh :)
@@AssetYogi Plz somebody help....I resigned from govt. service in 2014.. In, 2020, now my nps balance is 5.13 lakh....If I don't withdraw/exit from NPS and the accout lies idle for the next 20 years, i.e my retirement age, Will my NPS amout be sized by the govt in the between this period and it refunded to the govt account ?.
Thank you for this, it's really worthy.
From current FY, Tier - 2 also eligible for Tax benefits & having lock in period of 3 yrs like ELSS.
Good on Sir really helped me
Sir as per sec 80 CCD (1B) of IT act deduction of Rs 50000 can be availed
Sir please make a video for state gov employee, 10% basic pay +14% gov contribution.
धन्यवाद श्रीमान मुकुल जी🥰🙏
Nps good h to MLA, MP ke liye bhi ye lagu ho ,,,,mla,mp old pension kyo lete h
It's not good at all for govt . employee .
parliamentrians pe ye lagu nehi hota hain kyunki unko kisi exam pass karke job nehi karna padta hain.. wo log sirf 5 saal ke liye chori karne aate hain , chori karenge pension lenge chale jayenge
सही बात
Nps per loan mil sakta h kya
well said
Sir, your videos are easy to understand and you provide info in great detail. You are doing a remarkable work. I always wait for your new uploads. Please don't stop this channel. Wishing you all the success for your channel!
Thank you for appreciation 😊
@@AssetYogi , Plz somebody help ----I resigned from central govt .service 2014..Currently my nps balance is 513455....But last few days ,I am noticing that everyday the amount is increasing by 1-2k(aporox.) ..Now my queation is whether it would be right call to withdraw the amout now or I should wait for further so that tje amount increases as it is increasing now. My second question is how do I know my basic corpus amout & whether it is a fixed amout which is taken into condideration if I opt to withdraw right now or later....
Hi Mukul - Great series of videos on NPS. Very information and clear presentation style. I wanted to point out 2 items in the 3 video series that were inaccurate and also have a few questions below:
1. Under Section 80 CCD(1) that allows an individual to invest up to Rs 1.5 lacs and claim deduction under Sec 80C, the limit is NOT 10% of gross income anymore. The limit is 10% of salary (in case the taxpayer is an employee) or 20% of gross total income (in case the taxpayer is self-employed/business owner).
2. The Annual minimum contribution to keep a Tier 1 account active is NOT Rs.500. It is Rs. 1000 per annum.
Questions - Appreciate your responses to each:
1. Does the annuity at maturity have to be for life? Can the subscriber not choose a term-based annuity for say 10 years or 20 years?
2. What is the tax treatment on withdrawals from Tier 2 accounts (for non-government employees)? Will the withdrawals be subject to capital gains tax or regular income tax? How will this be calculated - basis, accretion, etc.?
3. Is it true that the Tier 2 deductions with 3-year lock-in that has been made available to government employees is expected to also be made available to private (non-government) employees and self-employed individuals in FY 2019-2020?
4. Do you have any insights or calculations or even reported data to share which asset managers are performing the best with highest yield's?
5. If I were to make an asset allocation change in my existing Tier 1 account, will the new asset allocation mix apply only to future contributions? Would my existing portfolio be also liquidated and reallocated to the new asset allocation mix?
6. Can I have a separate asset allocation for Tier 1 and another asset allocation for Tier 2 account?
7. Can I have a separate asset managers for Tier 1 and a different asset manager for Tier 2?
8. The current NPS statements are very basic. Are there any tools to get more detailed transaction-level and account performance details online?
9. I opened an account years ago when NPS was first started with a physical POP. Can I register directly with eNPS or CDA, etc. to be able to view and see my account and transactions online?
10. If I were to use eNPS or the mobile app to make NPS transactions would I be subject to lower or no transaction fees as I would not be using an intermediary such as the POP?
Hello sir, I am new to all this ... Can u please tell me where I should invest my money? I want the money to double every three years ....
You explain all the details so well.. Good Work
Thanks Swati :)
Can you make video EPF to NPS Switching benefits and disadvantage.
How you have make this video bro, men ur full picture video with ppt typing plz send me or make a video
Very informative and useful series of videos, thank you 🙏
Keep learning 😊
Sure Sir🙏
Sir ,you well explained the ABC of NPS
I just have two queries-
1. How much amount nominee will get in case of account holder death ?
2. If someone stop investing amount in NPS account after few years and want to take out the money, what they have to do ? Is it possible or not OR is there any deduction in the deposited amount ?
Very useful information... Thank you Sir!!
Hope it's helpful 😊
Very informative and concise video. Liked it
Thanks for appreciation Rahul :)
Perfect explanation ❤️
Glad you think so!
बहुत अच्छी ढंग से अपने एन पी एस को क्लियर किया
Extremely valuable information explained very lucidly.
Glad you liked it
Thanks for knowledge sharing, can you please do video on tax deduction and filing IT returns and importance of the same, as I am confused with lots of videos i have watched in you tube, diff segments where you can avail benefit to what extent plzz
Thank you for appreciation.
Having an investment adviser is the best way to go about the market right now especially for near retirees. I've been working with one for a while now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions. I have been making over $19k every month since the lockdown, that made it clear there's more to the market that we average joes don't know
Creating an NPS account is good but people downplay a planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like CHRIS RYAN STEWART
I wasn’t sure with investing money for a new car, but I’ve made over $58k since 2022 from learning from Chris and still bought my dream car. Thanks😭
Is it possible to get in contact with a person like that?
I wonder where he gets his analysis from. I’m very impressed with his resume
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently
This video was really informative as other videos of this channel.
Sip me invest karna jyada better hai
Gave a very good information elder brother. Thank you so much.
Thanks for appreciation Abhik :)
Very Informative videos on NPS.
But actually , while investing in NPS we should consider factor that investment in NPS is increased with increase in salary for government employees. How to calculate NPS for such customised cases? can you please guide it through excel sheet?
Great share. One question. What if depositor dies before retirement age. Is there any nominee to whom the money be credited? If yes, how, when, and how much?
Such a incredible job… Thank you so much 🙏
Keep learning :)
Thanks for the video, very informative. Can you also take inflation into account. I need to know how much pension 30 years after would be sufficient.
Looks tough to forecast anything with surety in 30 year horizon. there can be wars, massive weather event destroying country, civil war. In the most optimistic scenario, take 6-7% annual inflation rate. I'm sure 12LPA in 30 years would be 4LPA in today's money in the best case scenario.
Thank you Mr. Malik. All the three parts of this NPS series were very insight full. It cleared a lot of my misconceptions. I really appreciate the effort and the work you've put in this video. Thank you very much.
Thank you for appreciation 😊
@@AssetYogi @Vyapar Munch , My age is now 40..I quitted govt. service on 2013..In ,2020 I shifted my account to All-india Citizen scheme...My opening balance is 5.14 lakh.....I choose active investment option __50 in Equity+ 10 Corporate + 40 Govt. share....Is it wise decision ? Should I change my decision?...Plz suggest..
@@AssetYogi I r
best informative video
behatreen knowledge sir itna to hame pata hi nahi tha
Dhanywaad Rohit :)
Sir, of all fin literacy channels, your videos have maximum content in minimum time & that too very lucid & explained in lay man's language. Grateful for your help.
Now National Pension System is providing "Scheme Choice" changing facility to Central Govt. employees also. Earlier default scheme as "Auto" was only there for us. Which would invest in E,C & G class as per our age.
Now under "Auto" two options vide "Moderate" & "Conservative" provided. Further "Active" options also introduced for us where we can decide E% ,C% & G% as per our choice. Different PFMs are also there to opt.
Would request you to please make a video on this. Thanks.
In Active choice case, What is the procedure to select the investment distribution ?
When do we choose Annuity Service Providers Plan?
Sir can u tel plz me how much retrn is expctd in sbi pension funds pvt ltd scheme corporate CG
Tell us the difference between OPS and NPS
Very informative video sir......... love to watch ur videos... a very minute fault i want to aware you... if you dont mind... its National Pension System not scheme sir..... will wait for your next video thanks
Thanks a lot for this video.
Hope it helps
Thanks for the detailed information.
I've one query , what if applicant expires before the age of 60, what is going to be the further due course, how nominee can claim that amount and when they are application to get that amount.
Go to you tube channel.. NPS ki pathshala
Assuming 7% inflation, the value of Rs 60,000/month pension after 30 years will be less than 10,000. So will this be sufficient pension? Old pension scheme was far far better than this NPS especially for Govt employees.
No DA also. After further 10 years it will become less than 5k. Old pension scheme holder salary is double than NPS holder if calculate with pension future value.
Ya.. That's true.. After 30 years value of 70k would depreciate to around just 2k or 3k...nps is a scam..
Thank you so much, I am now clear on the annuity part.
Glad to hear that 😊
@@AssetYogi jo 40% annuity h wo v vapis milti h kya nominated person ko
I didn't understand what is meant by annuity rate???
Very useful information..! One ques - if the person dies before 60 yrs. What will happen to invested amount
Please elaborate again on the Tier 2 account and also explain when is the amount starts like from when which age we will start getting the monthly pension upto which age ?
From the age of 60..
@@VikramSingh-dj5hh Until death
Thank you so much sir for all the information. Need one clarification if NPS holder died before age of 60 or 65(before age of retirement). Any benefits for spouse and dependent or how much amount returns back to the family? Please put some light on this.
according to NPS website - Upon Death - The entire accumulated pension wealth (100%) would be paid to the nominee/legal heir of the Subscriber and there would not be any purchase of annuity/monthly pension
You elaborates the topic nicely and we understand the topic very easily. But my question is ... I think we should also think about the value of 2 crores after 30 years, because inflation eats our wealth. Am I right ??
Good morning Mukulji. Great work. So lucidly deliberated these points, thanks. Keep posted these type of videos. One request : plz suggest about the new income tax regime, the details about it.
Thanks
Sir, request you to share the link for comparison of NPS with other investment options.
Here is the video Abhishek, You can watch. ( ruclips.net/video/yK0iKkh_kXs/видео.html)
thank you sir for your valuable information. I m a state govt employee from assam aged about 34 . pleaae make a video on comparison between old pension and nps , in assam a movement called "we want old pension" is initiated. so please clarify me which is better and why.
thanks in advance.
Can I set equity, corporate bond and govt bond percentages as different for tier1 and tier2??
How much percent can be invested in equity in Tier-2, is the less processing charges make some significant difference in long term with NPS tier-2 and ELSS ??
Hello Sir, first of all, loved your video, got lots of idea regarding NPS. I just wanted your advise regarding the asset allocation. I am 35 years old NRI and planning to invest in NPS for Rs.1L/year. Could you please suggest which one of the 3 options to choose if I opt for Auto allocation? Regarding the current market situation, would it be alright to choose the aggresive allocation (maximum in Equity)? Thanks in advance!
Better opt for lic jeevan umang...
Far better than nps
LIC is worst. Anpadh log LIC khub use krta hai. Aggressive use kro bhai
@@AmitKumar42 Lic ke success model se jalte hai log
For Govt. Employees, NPS means "No Pension Scheme". Govt. Employees must always remember that you don't have pension. Compare your expected pension under NPS with expected pension under OPS you will come to know the reality of NPS
Thik e he nahi chaiye pension vai...
GDP me se jitna Paisa department ko allotment hota he uska 50% to pension pe hi chala jata, is se bahtar ye he vai... National development hote rahna chaiye 200× ki speed me
@@user-qi7qm4oy7zkyu koi jindagi bhar mehnat kr ke kamay aur budhape mein jb lachar ho to usko bojh bta ke fek de kha ki sahi baat hai kya jwani bhr kam kr ke teri gdp mein contribute na kiya usne Tu hi apni kidney bech de aur badha contribution gdp mein 200x speed mein.
@@user-qi7qm4oy7zhum loogo ko nps bhi fraud mil raha haj.... equity me investment hi nhi mrr skte hai...hame koi option nhi hai nps me fund manger bhi chnge hote hai but equity me nhi kar skte...jabki dusro employees ko nps ko full potential de rakha hai...hamre sath yaha bhi galat ho raha hai
@@user-qi7qm4oy7zhum loogo ko nps bhi fraud mil raha haj.... equity me investment hi nhi mrr skte hai...hame koi option nhi hai nps me fund manger bhi chnge hote hai but equity me nhi kar skte...jabki dusro employees ko nps ko full potential de rakha hai...hamre sath yaha bhi galat ho raha hai
Nice information.. thanks
If the present fund value is less than the total invested amount in NPS-Tier 1 account and we change the scheme % allocation, then do we have to book losses?
In TIER 2 - do I have an option to choose / select mutual find schemes or it gets selected by fund manager.
Pressntly I do direct investments in mutual funds. So can TIER 2 replace platform of direct mutual fund investments ?
Maximum 75% investment in mutual fund 25 % in bond or government sector, its depend on investor (you).
Or
50% mutual 25 % bound 25% govt sector its all our choice.
Hi Asset Yogi: Is it possible to replace the existing NPS fund from let's say Birla Sun Life Pension Scheme to LIC Pension fund? As I am not sure I am getting the expected growth.
Yes. Just comment here if you want to change your pension fund manager. And as data suggests, Birla Sun Life is the lowest return generator of all.
Thank you so much for the valuable information...
Nice illustration and clarity on concepts
Agar NPS itna achaa ha toh ....ministers ko abhi bhi ......old pension scheme ka benefits Kyu Diya jaata haa
NPS Tier 1 vs LIC Jeevan Umang (Table No. 845)...... which is better & why ? I want a video on this matter
Lic jeevan umang is better option than nps
Lic jeevan umang gives gutanted return
72000 or 53000 seems big, but need to consider the present value as well, i think
Thanks for all the efforts 😇
My pleasure 😊
Sir, I (30 yrs)have joined recently in central govt. and it seems the possible retirement age might be 55 yrs. In that case the NPS plan will be calculated regarding to that?
Hi nice information and I appreciate ur efforts in making the video, I have a doubt what if a person died in between the retirement age 60 what happens to his money invested till point of death, please advice on this
Bhagwan aapko lambi umar de Kishor bhai...
Again outstanding explanation sir👍
Thanks Tanay
Excellentlt described. No confusion.
Great to hear!
Kya central govt employee 20 saal me 60"/, nekal sakte hai
Is the amount of corpus invested in annuity plan of Rs 1 cr shown at No 1 for pension around Rs 72000 pm is not returnable? And if not whether we should invest in plan which return our money with with less pension or to get higher pension wothout taking our money back.
very well explained. Thanks a lot
Most welcome!
Awesome explanation
You are doing a fabulous job by inculcating financial literacy among Indians
Thank you so much.
NPS मैंरा जींन्दागि है और कोई रास्ता नाहीं है मैरा NPS के सिवा।ईसिलिऐ मै भगवान से प्रार्थना है कि - NPS स्वदा स्वच्चाई बने रहै।धन्यवाद,जय़ हिन्द।
धन्यवाद 😊 Jamatia Ji
after hearing you. I will open account
Dont open
@@sahebsaha5873 kyu bhai
Hi Mukul. Thanks for series of videos on NPS. Please make a video on when a subscriber of NPS dies before the age of 60, how his/her nominee can claim the amount invested till date.
The Nominee/Claimant is required to submit a duly filled-up Death Withdrawal Form along with supporting documents such as [Death Certificate deceased Subscriber, KYC Documents (Identity & Address Proof), Bank Account Proof, and other required documents].
The list of documents required is given in Death Withdrawal Form.
Visit the NSDL website-Home-All Citizens of India-Withdrawal forms.
You are great.. thanks for giving valuable information on investment plans
It's my pleasure
You didn't mention about lum sum withdrawal terms on NPS.
I heard only 40%/60% is tax free on lum sum and 20%/60% is taxable. Is it true?
With Lumsum only 60 % can be withdrawn and it is all tax free in Tier 1
No tax benefits. Employers contribution added to salary.
I😂
Very very good information.
Wonderful video Sir🙏🙏🙏🙏🏿
NPS is a good option for long term retirement planning ❤
Indeed
A to dekho ki pension fixed hai. Retirement pe pension agar 50k hoga to same amount 10 years badh v hoga. No DA like OPS. Kaise chalega
Tier 1 account calculate if service person death before completing his service ?
The accumulated corpus will be apid out to nominee.
Can you make one detailed video on NPS Tier 1, and how it is different from normal retirement mutual funds offered by AMC.
Sir kisan tiar-1 account khulwa sakta hai n.p.s. me aur without online account kahan khulega. Means koun sa bank bestest rahega. Sir please reply soon.