Atal Pension Yojana: PM Narendra Modi started Atal Pension Yojana in the year 2015. Any person between the age of 18 to 40 years can take advantage of this scheme.
Atal Pension Yojana: A scheme is being run by the central government to lead a comfortable life after retirement. It gives better returns on modest investment, so that in old age you do not spread your hands in front of others for money.
Under the Central Government’s very popular pension scheme Atal Pension Yojana (APY), after depositing only Rs 210 every month, 60 thousand rupees annual pension can be found after 60 years.
Benefits can be availed between the age of 18 to 40
Atal Pension Yojana was started by PM Narendra Modi in the year 2015. Any person between the age of 18 to 40 years can take advantage of this scheme. Provided he is a citizen of India. He has a bank account. This scheme has been made keeping in mind the people working in the unorganized sector.
Premium amount increases according to age
Under Atal Pension Yojana, if a person of 18 years deposits Rs 42 per month, then at the age of 60, he will get a pension of 1000 rupees per month. At the same time, after depositing a pension of Rs 210 every month at the age of 18, a pension of Rs 5000 per month is available after retirement.
However, the premium amount increases with age. If someone wants to take advantage of Atal Pension Yojana at the age of 40, then he will have to deposit Rs 291 per month for pension of Rs 1 thousand per month while Rs 1454 per month for pension of Rs 5 thousand per month.
According to media reports, if husband and wife invest in this scheme, they will get 10 thousand rupees as pension after 60 years. If the age of husband and wife is 25 years or less, then on the contribution of Rs 752 every month, pension benefit of 10 thousand rupees will be given per month.
Get many benefits
The premium of Atal Pension Yojana provides tax benefits under section 80CCD of Income Tax. The maximum limit of deduction under section 80CCD is Rs 2 lakh. This also includes the benefit of additional deduction of Rs 50,000.
Under this scheme, the pension amount is guaranteed to the life partner in the event of the death of the investor. That is, on the death of the husband, the wife is given, while on the death of the wife, the pension amount is given to the husband. On the death of both, the entire pension amount is given to the nominee.
Can apply like this
Atal Pension Yojana can be applied for by visiting any bank. At the same time, online registration can also be done for this. For this, registration has to be done by visiting https://enps.nsdl.com/eNPS/NationalPensionSystem.html. According to the government agency Pension Fund Regulatory and Development Authority of India (PFRDA), any person can link with Aadhaar KYC to start a permanent pension scheme. Earlier this facility was not there.
If a person wants to do e-KYC with Aadhaar, then he will have to verify online by linking his Aadhaar number.
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