Kathmandu. The Citizens Investment Fund has introduced a 'Citizen Pension Scheme' to provide pensions to all Nepali citizens. The scheme is said to cover all citizens. The fund has stated that one can participate in this scheme by saving Rs. 500 per month. The fund has stated that more than 10 participants can participate in the scheme by saving any amount.

Based on the amount saved, the person will get a pension after completing 60 years. The Citizens' Investment Fund has stated that the more money is saved, the more pension will be received.

If someone wants to leave in the middle, the person's savings will be refunded along with the interest received from that amount. However, participation in this scheme will not be waived for at least 2 years.

What to do to participate in the pension scheme?

To participate in this scheme, any person's identity document or photocopy of citizenship will have to be submitted to the fund. If it is attached to the office, it is a document submitted to the office and if not, a photocopy of citizenship is required.

Then fill in a KYC form (Customer Identity Form) which is 2 pages long. This form can be obtained by visiting the fund's website or the fund's office. He should then be present at the office of the Citizens Investment Fund for the card issued by the fund. The card has a number and the account is opened on the basis of the same number.

Then monthly payments can be made through mobile, wallet and other electronic payments. You have to keep at least 500 rupees.

How much pension do you get by depositing money?

Divide the amount of interest accrued by Rs. You have to keep the amount for 15 years to get the pension. But the age limit of a citizen is fixed at 60 years. If a person has reached 60 years of age but the deposit period is only 14 years, he will not get pension. He gets the same amount as the third interest. The interest on the amount deposited in the pension scheme is now 6.5 percent. It is reviewed every 6 months depending on the market condition. Effective from 1st July. And, there is a half-yearly review in Pus.

If one keeps five hundred rupees, he gets 90,000 rupees in 15 years. Interest will be paid according to the market rate. Suppose a person who has deposited Rs. 500 earns Rs. Dividing this by 170, you get the same amount of money as a pension. Suppose a person who deposits Rs. 500 per month gets Rs. Dividing the interest by 170 by dividing the amount deposited, the same amount becomes monthly pension.