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SBI Pension Funds: Demystifying Next Chapter of Our NPS Journey at 60
Every retirement journey reaches a turning point. The focus shifts from building a retirement corpus to creating a dependable post-retirement income stream.
“How much have I accumulated?” soon gives way to a more important question: “How can I use my NPS corpus to generate a regular income while making the most of my retirement savings?”
In an interaction with moneycontrol.com , Pranay Ranjan Dwivedi (Pranay R Dwivedi ), MD & CEO, SBI Pension Funds, discusses how subscribers can make the most of their NPS corpus by understanding the role of mandatory annuity purchase and the newly introduced Retirement Income Scheme (RIS).
RIS enables NPS subscribers to receive regular payouts while the remaining corpus stays invested, offering the potential for market-linked returns. The article also explores how NPS can be accessed by individuals at 60 and beyond, and how Annuity and RIS can play a role in shaping retirement income
“How much have I accumulated?” soon gives way to a more important question: “How can I use my NPS corpus to generate a regular income while making the most of my retirement savings?”
In an interaction with moneycontrol.com , Pranay Ranjan Dwivedi (Pranay R Dwivedi ), MD & CEO, SBI Pension Funds, discusses how subscribers can make the most of their NPS corpus by understanding the role of mandatory annuity purchase and the newly introduced Retirement Income Scheme (RIS).
RIS enables NPS subscribers to receive regular payouts while the remaining corpus stays invested, offering the potential for market-linked returns. The article also explores how NPS can be accessed by individuals at 60 and beyond, and how Annuity and RIS can play a role in shaping retirement income
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