Pension Benefits: There is a provision in the scheme that if the depositor dies before 60 years, then his wife / husband can continue to deposit money in the scheme and can take pension every month after 60 years.
Atal pension Yojana Pension Benefits: It is necessary to do retirement planning. Retirement plan is essential to be free from worrying about old age expenses. However, invest your deposits in any fund. Make a move towards a safe investment. The government’s Atal Pension Yojana (APY) is one such great option. Atal Pension Yojana (APY) pension scheme is operated by the pension regulator PFRDA. The scheme was started in the year 2015. Although, at that time this scheme was started for people working in the unorganized sectors, but now any Indian citizen of 18 to 40 years can invest in it.
Government guaranteed scheme
Government of India guarantee is available for all the benefits related to pension on the scheme. Bank account holders or post office account holders can invest in it. Depositors start getting pension after 60 years in the scheme. Any Indian citizen from 18 to 40 years can invest in the scheme.
What is Atal Pension Yojana?
Atal Pension Yojana is such a government scheme, in which investment depends on your age. Under the scheme, a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5,000 can be received. If you want to register in this, then you should have a savings account, Aadhar number and mobile number. Keep in mind that you can have only one Atal Pension Account.
When will you get more benefit?
The sooner you invest under this scheme, the more benefit 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 just Rs 210 per month for a monthly pension of Rs 5000 every month. In this way, this plan is a good profit plan.
How to get Rs 60,000 pension?
If you deposit 7 rupees every day in the scheme, then you can get a pension of 5000 rupees every month. Meaning you will get a pension of Rs 60,000 annually. At the same time, for a monthly pension of Rs 1000 every month, only Rs 42 will have to be deposited per month. And every month Rs 84 for pension of Rs 2000, Rs 126 for Rs 3000 and Rs 168 for monthly pension of Rs 4000 will have to be deposited every month.
Tax benefit
People investing in Atal Pension Yojana also get tax benefit of up to Rs 1.5 lakh under Income Tax Act 80C. Taxable income is deducted from this. Apart from this, an additional tax benefit of up to Rs 50,000 is available in some cases. Overall, deduction of up to Rs 2 lakh is available in this scheme.
Provision on death before 60 years
There is such a provision in this scheme that if the person associated with the scheme dies before 60 years, then his wife / husband can continue to deposit money in this scheme and can get pension every month after 60 years. There is also an option that the wife of that person can claim the lump sum amount after the death of her husband. If the wife also dies, then a lump sum amount is given to her nominee.
