Factors Impacting Employees' Retirement Planning of NBFC's and Banking Sector in Gujarat

Abstract

The incorporation of a retirement strategy of NBFC & Banking sector employees into a complete financial plan is not something that should be overlooked. The duties associated with retirement are becoming an increasing source of concern in emerging countries. The reason for this is that the average lifetime is growing at a high rate, and the proportion of people who are 65 years old or older is fast increasing. It is currently more vital than ever before to take part in research on retirement planning and other areas of financial planning, as well as the factors that influence these aspects to the NBFC & Banking sector employees, particularly in developing countries like India. The retirees of NBFC & Banking sector would experience financial difficulties during their later years of retirement if they have not adequately prepared for their retirement. There is a high association between specific behavioural traits and inadequate personal preparation for retirement, as revealed by a number of studies. This research is in context of NBFC & Banking sector employees of Gujarat, the researcher will elaborate the factors impacting retirement planning of the targeted population.