Atal Pension Yojana: In today’s time every person is worried about old age. If you are also planning to invest in a safe place to keep your retirement secure, then let us tell you that you can invest in the Atal Pension Yojana (APY) of the Central Government.
Under this scheme, husband and wife can get a pension of up to 10 thousand rupees every month by opening separate accounts. There are many benefits to be gained from this plan. Let us know in detail.
Know who can invest
Atal Pension Yojana was launched by the Central Government in the year 2015. At that time it was started for the people working in the unorganized sectors, but now any Indian citizen of 18 to 40 years can invest his money in this scheme and can also easily take advantage of this scheme. People who have an account in a bank or post office can easily invest their money in it. Under this scheme, the investor starts getting pension after 60 years.
Know about Atal Pension Yojana
Atal Pension Scheme is such a government scheme in which whatever you invest will depend on your age. Under this scheme, you can get a minimum monthly pension of 1000 rupees, 2000 rupees, 3000 rupees, 4000 rupees and maximum up to 5000 rupees. Explain that the investor’s money remains safe in this scheme. If you want to register in this scheme, then you must have a savings account, Aadhar number and mobile number.
Benefits of this plan
Under the Atal Pension Yojana, individuals between the ages of 18 and 40 can make their nomination. For this, it is very important for the applicant to have a savings account in a bank or post office. Apart from this, keep one more thing in mind that you can have only one Atal Pension Account. The sooner a person starts investing under this scheme, the more benefit he will get later. If a person joins Atal Pension Yojana at the age of 18, then he will get a pension of Rs 5000 every month after the age of 60 years. For this, the investor will have to deposit only Rs 210 per month. This scheme can prove to be a good profitable scheme for the investor.
Know how to get Rs 10,000 pension
Spouses below the age of 39 years can avail this scheme separately, from which they will jointly get a pension of Rs 10,000 every month after the age of 60 years. If the spouse whose age is 30 years or less, then they can contribute Rs 577 every month to their APY account. If the age of a husband and wife is 35 years, then they will have to put an amount of 902 rupees in their APY account every month. In addition to the guaranteed monthly pension, Rs 8.5 lakh will be provided to the surviving partner if either of the spouses dies. Along with this, he will continue to get pension for the rest of his life.
Know about tax benefits
People investing in Atal Pension Yojana can get tax benefit of up to Rs 1.5 lakh under Income Tax Act 80C. According to the annual report of the National Pension System Trust (NPS Trust), out of 42 million subscribers of NPS, by the end of the financial year 2020-21, more than 2.8 crore or 66% people had opted for Atal Pension Yojana. Among the subscribers of NPS, 3.77 crore or 89% were people from non-metropolitan cities.
What will happen in case of death
If there is an untimely death of the person joining this scheme, then there is also a provision to continue the benefit to his family. If a married man associated with Atal Pension Yojana dies, then there is a provision to get pension to his wife. On the other hand, if the wife dies, then in such a situation there is a provision of getting pension to the children.
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