New Delhi. If you are making investment planning, then this news can be useful for you. Actually, many people want to take advantage of guarantee by investing less. Atal Pension Yojana is a good option for old age if you also want to guarantee pension in low investment.
Under this scheme of the government, both husband and wife can benefit. If both invest separately in this scheme, then one can get 10 thousand rupees per month. Right now this government guarantees a pension of 1000 to 5000 rupees a month after 60 years under the Atal Pension Yojana. In this scheme of the government, a person up to the age of 40 years can apply.
60,000 rupees pension will be given annually after 60
Under the scheme, on making a fixed contribution every month in the account, after retirement, a pension of Rs 1 thousand to Rs 5 thousand will be given monthly. The government is guaranteeing a lifetime pension of Rs 5000 per month i.e. Rs 60,000 per annum after the age of 60 on investing only Rs 1239 in every 6 months.
210 rupees to be paid every month
According to the current rules, if at the age of 18 years, a maximum of Rs 5000 is added to the scheme for monthly pension, then you will have to pay Rs 210 every month. If the same money is given every three months, then Rs 626 will have to be given and Rs 1,239 will have to be given in six months. To get a pension of Rs 1,000 a month, if you invest at the age of 18, you will have to pay Rs 42 per month.
Joining at a young age will get more benefits
Suppose if you join at the age of 35 for 5 thousand pension, then for 25 years you will have to deposit Rs 5,323 every 6 months. In such a situation, your total investment will be Rs 2.66 lakh, on which you will get a monthly pension of Rs 5 thousand. Whereas on joining at the age of 18, your total investment will be only 1.04 lakh rupees. That is, for the same pension, about Rs 1.60 lakh more will have to be invested.
Other things related to government scheme
- You can choose 3 types of plans for payment, Monthly investment, Quarterly investment or Half yearly investment.
- Under Section 80CCD of Income Tax, it gets the benefit of tax exemption.
- Only 1 account will be opened in the name of a member.
- If the member dies before or after 60 years, then the pension amount will be given to the wife.
- If both the member and the wife die, then the government will give pension to the nominee.
