Pension Superhit Scheme: To get pension under this scheme, it is necessary to invest for at least 20 years. Meaning, if you are 40 years old and still start investing in it, then you will start getting pension as soon as you turn 60 years old.
Everyone wants that their old age should pass comfortably without any financial problems and for this they also save from their earnings. Pension is considered to be the biggest support for regularity in old age, but it will be available only when the savings made by the person are invested in the right place. When the body does not support you and you have to depend on others for the things you need, then this pension proves to be the solution to all your problems. If you are young, then by depositing a small amount every month you can make your old age financially prosperous and you will not have to depend on anyone.
Guaranteed pension on investment in APY scheme
The dream of enjoying old age can be fulfilled by the government run Atal Pension Yojana. This is a pension scheme and the government itself guarantees the pension. You can invest in this scheme by saving a small amount every day and depending on your investment, you can get pension ranging from Rs 1,000 to Rs 5,000. The age limit for investment in this scheme has been fixed at 18 to 40 years.
This way you will get pension of Rs 5000 every month
To get pension under this scheme, it is necessary to invest for at least 20 years. Meaning, if you are 40 years old and still start investing in it, then you will start getting pension as soon as you turn 60 years old. To understand the calculation of pension, suppose your age is 18 years, then by depositing Rs 210 every month i.e. just Rs 7 per day in this scheme, you can get a pension of Rs 5000 per month after 60. Whereas if you want a pension of Rs 1,000, then at this age you will have to deposit only Rs 42 every month.
More than 5 crore people joined this scheme
By joining Atal Pension Yojana, both husband and wife can avail pension up to Rs 10,000 per month. Whereas if the husband dies before 60 years of age, then the wife will get pension facility. On the death of both husband and wife, the nominee will get the entire money back. Atal Pension Yojana is very popular as a retirement plan. The popularity of this scheme, which was started in the year 2015-16, can be gauged by looking at the number of members joining it. Till now more than 5 crore people have joined the APY Scheme. By investing in this, you can ensure your regular income after retirement.
You also get the benefit of tax exemption
By investing in APY Scheme, you not only get guaranteed pension but also get many other benefits. By investing in this you can save tax up to Rs 1.5 lakh. This tax benefit is given under Section 80C of Income Tax. Talking about the eligibility for opening an account in this scheme, any Indian citizen between 18 to 40 years of age can invest in this scheme. To open an account, he must have a valid bank account, which is linked to the Aadhar card. Apart from this, the applicant should have a mobile number. Should not already be a beneficiary of Atal Pension.
The government had made a major change in the rules of this scheme last year in 2022. According to this, people paying income tax cannot take advantage of this scheme. This change has been implemented from October 1, 2022.
