New Delhi. If you want to avoid money problems in future, do not want to be dependent on anyone after retirement and are looking for a fixed income… then today we are telling you about such a scheme of the government. Where you can start investing now. Yes.. Atal Pension Yojana can be a good option for guaranteeing pension in low investment. Currently, under the Atal Pension Yojana (APY), the government guarantees a pension of 1000 to 5000 rupees per month after 60 years. In this scheme of the government, a person up to the age of 40 years can apply. Let us tell you that the investment made by you in Atal Pension Scheme depends on your age.
Under this scheme, you can get a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5,000. If you want to register for this pension scheme, then you should have a savings account, Aadhar number and a mobile number.
60,000 rupees pension will be given annually after 60
The objective of Atal Pension Yojana is to bring every section under the ambit of pension. However, the Pension Fund Regulatory and Development Authority (PFRDA) has recommended to the government to increase the maximum age under Atal Pension Yojana (APY). Under the scheme, after making a fixed contribution every month in the account, from Rs. 1 thousand after retirement. You will get a monthly pension of up to 5 thousand rupees. The government is guaranteeing a lifetime pension of Rs 5000 per month i.e. Rs 60,000 per annum after the age of 60 years after investing only Rs 1239 in every 6 months.
In this way you will get Rs 5000 pension every month
That is, by depositing 7 rupees every day in this scheme, you can get a pension of 5000 rupees per month. In this scheme, only Rs 42 will have to be deposited per month for a monthly pension of Rs 1000 every month. On the other hand, Rs 84 for Rs 2000 pension, Rs 126 for Rs 3000 and Rs 168 for monthly pension of Rs 4000 will have to be deposited every 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 from 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 dies, then the government will give pension to the nominee.
