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National Pension System: Housewives Can Earn Up To ₹45k A Month Post The Age Of 60

Through the NPS scheme, housewives can earn ₹45,000 a month with just ₹5,000 monthly investment. 
  • Krati Purwar
  • Editorial
Published -01 Aug 2022, 11:20 ISTUpdated -01 Aug 2022, 11:29 IST
nps housewives earning k a month

The job description of a housewife does not include her CTC. She invests herself in the house, family and kids, but her work hardly gets recognised. Since the work has no monetary value, housewives are often financially dependent on their husbands, making it difficult for them to make ends meet if or when the breadwinner of the family is not around.

However, if a housewife never retires, it is one of the best investment advice to start thinking of a pension scheme that could ensure a steady income once the husband retires.

The National Pension System, controlled by the Pension Regulatory and Development Authority of India (PFRDA) makes it possible for housewives between the age group of 18 and 60 to earn a steady income ranging from 12% to 14% of the investment made in the scheme.

Not only will it bring dual income at home but also offers financial support to housewives in the absence of their husbands. It also facilitates women to withdraw 25% of the total accumulated fund.

Benefits Of NPS For Housewives

housewife retirement plan

Housewives need to fulfil the eligibility criteria under the NPS scheme before they start investing. Once they have enrolled on the scheme, they can enjoy its benefits.


Opening an NPS account is a hassle-free process for everyone. Women just have to visit the nodal officer of their area, fill in the details and open the account. They will receive a permanent retirement account number (PRAN) that will make it easy to regulate the account.

Low-Risk Investment

NPS is a government-regulated scheme; hence, it comes with minimal risks. Since chances of losses are minimal, it gives housewives a secure option to rely on for fulfilling their financial needs in the presence or absence of their husbands.


The PRAN number makes it possible for housewives (tips for housewives to keep themselves fit) to port the account from one city to another. Thus, even if women have moved from one city to another for any reason, they can simply get the account and its funds transferred to a new place.


NPS has a cost-effective financial structure that allows its contributors to collect updates on the value of their investments. Women can track their funds and learn about everything associated with it.

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Tax Benefits Of NPS For Housewives

NPS Scheme for housewife

Since the scheme is controlled by a government body, it comes with tax benefits for housewives.

  • The new amendments say that maturity earned on the NPS fund will remain tax-free in future.
  • Returns on the funds are also exempted from tax.

Monthly Income

A woman who is 30 years old starts investing ₹5000 a month in her National Pension System account. By the time she turns 60, she will have approximately ₹1.12 crores in the fund, including the annual 10% return on the investment. 

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Of this total amount, she would start receiving a steady income of approximately ₹45,000 a month, which will continue for the rest of her life. A woman can also withdraw the entire amount from her NPS account when it matures. 

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