If you are thinking of investing for your retirement, then this news can be useful for you. If you want to take advantage of guarantee by investing less. If you also want to take a low investment pension guarantee, then Atal Pension Yojana is a good option for old age. This scheme of Narendra Modi government will get good benefits..
Under this scheme of the government, both husband and wife can take advantage. If both invest separately in this scheme, then they can get 10 thousand rupees per month after 60 years. Under Atal Pension Yojana, after 60 years, Rs 1000 to Rs 5000 per month guarantees pension. A person up to 40 years of age can apply for this scheme of the government.
An annual pension of Rs 60,000 will be given after 60
Under this scheme, after making a certain contribution to the account every month, you will be given a guaranteed monthly pension of Rs 1000 to Rs 5000 after 60 years. The government is guaranteeing an annual pension of Rs 5,000 per month i.e. Rs 60,000 after 60 years of age on investment of only Rs 1,239 per 6 months.
Under the current rules, if you join the scheme at the age of 18 for a monthly pension of Rs 5,000, you will have to pay Rs 210 per month. If the same money is given every three months, then Rs 626 and Rs 1,239 have to be paid in six months. To get a pension of Rs 1,000, if you invest at the age of 18, you will have to pay Rs 42 a month..
There are many benefits of joining at a young age
Suppose you join for a pension of Rs 5,000 at the age of 35, then you have to deposit Rs 5,323 every 6 months for 25 years. In this case, your total investment will be Rs 2.66 lakh, on which you will get a monthly pension of Rs 5,000. When you join at the age of 18, your total investment will be just Rs 1.04 lakh. This means that an additional investment of around Rs 1.60 lakh would be required for the same pension.
Important information regarding government schemes
You can choose from 3 types of plans for payment, monthly investment, quarterly investment or half yearly investment. He gets the benefit of tax exemption under section 80CCD of Income Tax. Only 1 account will be opened in the name of the member. If the death occurs before or after the age of 60 years, the pension amount will be paid to the wife. If both the member and the wife dies, the government will give pension to the nominee.
