SBI Saral Pension Plan 2023 | An excellent investment plan has been launched by State Bank of India (SBI) for account holders. SBI’s pension plan is a great salary scheme after retirement through which you will continue to get salary. We are talking about SBI Saral Pension Scheme.
SBI Saral Pension Plan 2023
Through this policy of State Bank of India, you can buy a pension plan of your choice and add life insurance cover to it. Explain that the bonus is being guaranteed in this policy. Along with this, a provision has also been made to give you lifelong pension under this policy. Let us know about the SBI Saral Pension Scheme of State Bank of India.
What is SBI Saral Pension Plan (SBI Saral Pension Plan)
SBI Saral Pension Yojana is a pension plan through which you get the pension amount at the age of retirement. Let us tell you that this is an alternative to the National Pension Scheme and in this many excellent plans are being given under the State Bank of India.
The most important thing is that you can also add a life insurance cover of Rs 50 lakh in the Saras Pension Scheme and in this scheme you are being guaranteed bonus for 5 years. If you suddenly need money during the policy term, you can withdraw some money in between. However, you will have to pay tax in this.
State Bank Of India Saral Pension Plan Benefits
- In State Bank’s SBI Saral Pension Plan, you are being provided with the facility of an excellent pension plan.
- Through this pension scheme, one-third of the lump sum deposit can be withdrawn and you will not have to pay any kind of tax in it.
- You will be given income tax exemption in this scheme under section 80C of the Income Tax Act and you will get the benefit of up to 1.50 lakhs.
- If you have invested in this scheme and you are closing this scheme in the middle, then you will have to pay tax on the amount of tax benefit.
- However, if you choose to receive income from the annual plan through the scheme, you will have to pay tax.
SBI Saral Pensoin Yojana: 6% returns are available in Saral Pension Scheme
In State Bank Of India Saral Pension Plan, PPF return of 6% is being given by State Bank of India. Please tell that in this scheme you can deposit money once in lump sum or annually. Along with this, let us tell you that in this scheme, you can now deposit money through mutual funds or fixed deposits and buy attractive schemes with this money.
While there is a provision of exemption in the Income Tax Act through the Simple Pension Scheme of State Bank of India, an attractive return of 6% is also being given in this scheme. This scheme is also being considered as an alternative to the National Pension Scheme and is also being seen as a life insurance cover.
About State Bank Of India Saral Pension Scheme
SBI Life, one of the leading insurance providers in India, is a joint venture between India’s largest bank – State Bank of India and BNP Paribas Cardif. SBI Life Insurance Company offers a wide range of insurance products to meet the needs of the customers.
Pension plan is one of the famous products offered by the company. SBI Life Pension Schemes are comprehensive retirement cum investment plans that help in building a corpus over a long period of time to lead a financially secure life after retirement.
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