Anil Rego |340 Answers |Ask -Follow
Financial Planner - Answered on Jul 13, 2021
I don't want to involve any market related or any other type of investments which create unnecessary hassles/ hazards. I will be jobless once I will be back to India. While retiring, I may have all together 60-70Lakhs. (Around 20L in PPF from past maturing 2023), rest in bank (FDs) & with my employer.
I have NPS AC (Opened recently) & NRI AC too. Someone advised me as soon as you land in India open following AC as you don't want face any risk just simple life.
1. SCSS- 15L (not eligible at present)
2. PMVVY- 15L (not eligible at present)
3. PO MIS- 4.5L (not eligible at present)
4. RBI BONDS-10L (not eligible at present)
5. SBI MIS ---10L ---?????
6. MAX LIFE Retirement plan- ?????. Or SBI PENSION FUND???? --20L.
On retiring NPS will automatically shift to Pension AC right Sir. If I earned around Rs.5 Lakhs from above total funds. Will my earning interest come under Tax subject If yes then do I have to pay tax on it?
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