India offers great opportunities for people who want to have a secure old age. They can use various instruments, both direct deductions and various types of insurance. The national Pension Insurance System provides for the free participation of all comers. There is a monthly payment of a certain amount for each participant. Employers, post offices and banks are involved in the National System, which allows turn money around faster. In case of fee non-payment, the participant is fine and his personal account is frozen.
The retirement age in India is now being heatedly debated. The ruling circles announced their intention to increase it by 2 years, and they already carried out their intention in some regions. A person who has changed his place of residence after retirement in some cases loses the right to benefits.
Photos are from open sources.
