Atal Pension Yojana: The government’s small saving scheme Atal Pension Yojana is very popular. You can get guaranteed pension by making a small investment under this scheme.
Atal Pension Yojana: To get a pension of Rs 5,000 a month, you will have to invest only Rs 210 in this scheme every month from your earnings. Atal Pension Yojana was launched by the government in the year 2015-16 to provide the best investment option.
You can take advantage of monthly pension ranging from Rs 1000 to Rs 5000 in old age by depositing a small amount every month according to you. There is an age limit of 18 to 40 years for investment in this. The number of subscribers investing in this scheme has crossed five crores.
If you join this scheme at the age of 18 and deposit Rs 210 every month, then after the age of 60 years, you will get a pension of Rs 5,000 every month. For pension of Rs 1000 you have to deposit Rs 42, for Rs 2000 Rs 84, for Rs 3000 Rs 126 and for Rs 4000 pension you have to deposit Rs 168 per month.
The sooner investment is started in this scheme, the more it will be beneficial. You can increase or decrease the amount of investment in this according to your own. Under Income Tax Act 80C on investment in Atal Pension Yojana, there is also a facility of tax benefit up to Rs 1.5 lakh.
