Atal Pension Yojana: In this era of inflation, everyone is worried about the cost of old age. If you also want to make your old age secure, then definitely read this news. Today we are talking about a government scheme here, where you can get monthly pension by investing. This scheme is- Atal Pension Yojana (Atal Pension Yojana- APY). Let’s know more about this scheme.

What is Atal Pension Yojana?

Atal Pension Yojana was started in 2015. Earlier this scheme was started for people working in the unorganized sector, but now any Indian citizen between the ages of 18 and 40 can invest in this scheme. In this scheme, depositors start getting pension after the age of 60. Under this scheme, you can get a minimum monthly pension of Rs 1000, then Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5000. This is a government scheme in which your investment is safe. If you also want to take advantage of this scheme, then you can register. For this, you need to have a savings account, Aadhaar number and a mobile number.

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Know the benefits of this scheme

The sooner you invest in this great scheme of the government, the more benefits you will get. If a person joins the Atal Pension Yojana at the age of 18, then after the age of 60, he will have to deposit only Rs 210 per month for a monthly pension of Rs 5,000 per month. That is, take special care while investing in this scheme.

Get a monthly pension of Rs 5,000

Now let’s talk about the benefits of this scheme. In this scheme, if you deposit Rs 7 every day, then you can get a pension of Rs 5,000 per month.

At the same time, if you deposit Rs 42 in it every month, then you will get a monthly pension of Rs 1,000.
If you want a pension of Rs 2,000 per month, then you have to invest Rs 84.
If you want a monthly pension of Rs 3,000, then you have to invest Rs 126 per month.
If you want a monthly pension of Rs 4,000, then you have to deposit Rs 168 per month.

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Tax Benefits

The biggest feature of this scheme is the tax benefits available in it. Investors in Atal Pension Yojana get tax benefits of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In fact, taxable income is deducted from it. Also, in some cases, additional tax benefits of up to Rs 50,000 are available. That is, a total deduction of up to Rs 2 lakh is available in this scheme.

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Rules of this scheme

Under this scheme, if an investor dies before the age of 60, his wife/husband can continue to deposit money in this scheme and get pension every month after the age of 60. There is also an option that the wife of that person can claim a lump sum after the death of her husband. If the wife also dies, then her nominated nominee will get that money.

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Avijit

A digital media professional with 4 years of experience, skilled in online content creation, media and information work, his goal is to regularly bring updates on government projects, scholarships and jobs to his readers.

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