If you are planning to shift to a better city, post- retirement, you must choose among the best retirement havens in India. Undoubtedly, the golden years of your life must be lived in a city which offers you only the best. Before zeroing in a city where you wish to grow old in, you must consider several aspects like infrastructural facilities, including healthcare, standard of living, crime rate, weather, general ambience and accessibility by road, rail and air.
It is pertinent to underline the importance of a sound financial plan for your post-retirement years. Even if you are still young, you must start planning now for the golden years of your life. Along with a retirement corpus, you need a regular source of income to maintain a good standard of living in a city of your choice.
You can choose the government-sponsored National Pension Scheme, which invests your contributions in market-linked funds, and provides a higher rate of returns as compared to conventional financial instruments like the PPF. Open to all resident Indian citizens between the age group of 18 and 65 years, the National Pension Scheme encourages employees from the private, public and unorganised sector to invest in the scheme at regular intervals. After retirement, you can withdraw a certain amount from the corpus, and avail the remaining amount as monthly pensions. Now you can easily open an online account and invest in the NPS on Finserv MARKETS with minimal documentation. Here you can also select an investment option and fund manager of your choice.
You must remember that investing in a viable financial instrument, like the National Pension Scheme will easily allow you to shift to the city of your choice. Here is a list of the best retirement havens in India:
This is the first planned city in the country, and foremost among the best retirement havens in India. Along with good connectivity by road and railways, the city also has an international airport. Among the few cities in the country to have low pollution levels, the city has sparkling, well-maintained parks. Chandigarh has the highest per capita income across Indian cities, and boasts of the best infrastructural facilities, including healthcare. It also has a low crime rate.
Among the fastest developing Tier-2 cities in the country, Coimbatore is often referred as the ‘Manchester of South India.’ With excellent infrastructure and medical facilities, the city is surrounded by the picturesque Nilgiris. It boasts of an excellent climate along with a cosmopolitan culture. The scenic hill station, Ooty, is located at a short distance from the city.
Located in close proximity to the holy cities of Haridwar and Rishikesh, Dehradun is regarded as a traditional retirement city. It boasts of good connectivity, both by railways and air and also has a high per capita income. The weather is salubrious, and the place is dotted with picturesque landscapes. Along with a low crime rate, the city has good infrastructural facilities.
Often referred to as the city of pensioners, Pune’s highlight is its excellent weather across all seasons. The city is dotted by beaches and hills, and boasts of excellent connectivity by road, railways and air. Along with being an emerging IT hub, the city is known for its quality healthcare facilities.
The former French colony boasts of good infrastructure facilities along with excellent connectivity. The city has a unique old-world charm with bright beaches and laid-back lifestyle. You can feel the spiritual vibes in the nearby Auroville. Crime rate is low and good medical facilities are available here.
It is among the cleanest cities in India, and an escape from the bustling metropolis of Bangalore. With good weather, and excellent infrastructural facilities, the city is now being preferred as popular retirement destination.
The city, which is thronged by tourists for partying, also boasts of serene beaches and tranquil spots. Beaches, including the Butterfly Beach and at Mandrem are away from the din of tourists. Goa also has quiet places like Siridao and Nachinola. You can buy property at affordable rates in South Goa.
India has several places where you can live the perfect retirement life. You must, however, have a sound financial plan to ensure a steady source of income in the post-retirement years. You can invest in the NPS, which provides you with a slew of benefits like high returns, tax-savings, protection from market volatility and flexibility in managing your contributions. You can invest in the NPS on Finserv MARKETS, which provides 100% transparency along with an easy online application process. You also have the flexibility of selecting income distribution on Finserv MARKETS, with the option of both Auto and Active choice for making investments. You can also access your online account from anywhere.
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