New Delhi. If you are also planning to invest in any government scheme, then today we are going to tell about National Pension System (NPS) and Atal Pension Yojana (APY).Â
Both are the best pension plans, although there is a big difference between the two. Today we will tell you what is the difference between the two and what are the eligibility and benefits. Through this, you can choose any one scheme according to your need.
Two pension schemes are highly preferred in terms of retirement planning – National Pension Scheme (NPS) and Atal Pension Yojana (APY). Both of these are pension schemes run by the government.
What is National Pension Scheme? (NPS)
National Pension Scheme (NPS) was started in 2004 for government employees. It was opened to all categories of people in 2009. In this, he can also withdraw a part of the investment in one go and use the remaining amount to get regular income after retirement.
Eligibility for the scheme: In
this, any Indian citizen who is 18 to 60 years old can invest in this scheme. At the same time, Non Resident Indian (NRI) can also invest in this scheme.
Types of NPS Accounts
There are two types of accounts in NPS, which are known as Tier 1 and Tier 2. Funds cannot be withdrawn in Tier 1 till the age of 60 years. Whereas in Tier 2, the customer can withdraw money as per the need like a savings account.
What is Atal Pension Yojana? (APY) The
investment made by you in Atal Pension Scheme depends on your age. Under this scheme, a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5,000 can be obtained. If you want to register for this pension scheme, then you should have a savings account, Aadhar number and a mobile number.
Eligibility: To
take advantage of this pension scheme, your age should be between 18 to 40 years. Under this scheme, one has to invest for at least 20 years. They will get pension after 60 years of age. To take advantage of Atal Pension Yojana, it is necessary to have an account in your bank which is linked with Aadhar card. Under Atal Pension Yojana, you can be entitled to pension every month by depositing less money.
