Investment in pension schemes is influence by the perception of the investors. The objective of this research is to access the investor’s perception on pension schemes and to find the factors involving in investor’s perception for pension scheme. This research focuses on the perception of the investors for investment in pension schemes in Varanasi. Talking random sampling of 2000 investors and statistical methods are applied for analyzing the data collected for this research. This research focuses on investor’s positive mindset for pension schemes. The pension scheme opted or selected by investors for after service life. Investors collecting the information from pension expert and after expert opinion then invest their money in pension. Most of the investors choose market linked pension schemes for investment selection in pension schemes.