From my experience, the pension you get from the National Pension Scheme (NPS) depends on how much you contribute over the years and the returns your investments generate. NPS is a market-linked scheme, so the pension amount you receive after retirement will be based on the corpus you build during your working years.
When you retire, you can use your accumulated corpus to buy an annuity, which provides you with a monthly pension. The amount depends on how much you’ve saved in NPS and your chosen annuity plan. Larger savings generally mean a higher pension. However, unlike EPF, the pension from NPS isn’t fixed and depends on market performance.
As for NPS returns, I’ve found it to be a good option for long-term growth. Since returns are market-linked, they can vary, but on average, NPS returns range between 8-10% annually. This is definitely higher than what you get from traditional savings accounts or other retirement options. I’ve been investing in NPS for a few years, and I’ve seen my corpus grow steadily.
What I like about NPS is that it allows you to diversify your investments across equity, corporate bonds, and government securities, which helps manage risk and boost returns. Overall, NPS returns are quite competitive and a solid choice for retirement planning. If you start early, the NPS returns can really help secure a comfortable pension for the future.