Saturday, 16 July 2016

Free Pension of Rs. 5000 per month for life

Image result for gold

You can get a pension of Rs. 5000 per month after your retirement age of 58 years for absolutely free.

Learn how?

To get the pension free for life, you can use the power of gold which may be lying in your bank locker idle and an Atal Pension Yojana.

Lets first understand how to unlock the value of gold lying in the bank locker.  There are two options. One is that you deposit your gold in a bank.  Instead of your gold lying dead, you can give it to the bank and earn some money. Your gold will be safe there, you would get the benefit of price appreciation in gold plus an interest income every year.

Another option is that you purchase a sovereign gold bond. If you have money to purchase the bond, it is fine.  Else you can liquidate your physical gold and use that money to purchase  a sovereign gold bond.  Reserve Bank has just announced that Series I of the Sovereign Gold Bond 2016-17 will be open for subscription from July 18 to 22 and issue price has been fixed at Rs 3,119 per gram.  It is a simple average of closing price of gold of 999 purity for the week July 11 to 15, 2016, as published by the India Bullion and Jewellers Association Ltd (IBJA).

The benefit of purchasing a sovereign gold bond is that you get an annual interest of 2.75% on the investment of bond.  Plus you will earn returns linked to gold price. These bonds carry sovereign guarantee both on redemption amount and on the interest.

Get all the details regarding these bonds at NSE website by clicking here.

So lets assume if your age is below 40 years and you have a sovereign gold bond worth around 4 lakhs of rupees, you can earn an interest income of around Rs. 11000 yearly.  Now you invest this interest amount in Atal Pension Yojana every year till your retirement age, and get Rs. 5000 pension after your retirement.  Plus if you are a trader, you can keep these bonds in demat form and avail a margin for your trading as it can be used as a collateral.

Your gold will remain the same gold, its value will remain the same, and you will get some added benefits if you decide to hold the same gold in a sovereign bond form.

Please spread the word and share this article to as many people as you can through Whatsapp, Twitter, Facebook, Google+ etc, so all can benefit.


  1. Thank You for the Information.


  2. Very good information. What will happen if we have ornamental gold, and put in bank. Is the bank keep the gold as it is or they will re-use it.

    1. Kiran

      In that case, bank will check the purity of gold and based on that give you the valuation. After that if you agree, they will melt your ornaments, turn it into the gold bar and can do whatever they want. It will be like a FD. They will give you an interest on that. When you decide to redeem it, you will be given either gold or the amount equivalent to the gold.