Pension is the biggest support after retirement, for this purpose investment in Atal Pension Scheme is a profitable deal. You can take advantage of monthly pension ranging from Rs 1000 to Rs 5000 after retirement by depositing a small amount every month according to you.
Everyone tries to save something from their earnings and wants to invest it in such a place, so that they do not have to face financial crisis in old age. There are many types of retirement plans available in the market today, but among these, the government’s APY i.e. Atal Pension Yojna is very popular. This scheme is better for living luxuriously after 60, in which you get guaranteed pension if you deposit a small amount every month.
More than 5 crore people associated with the scheme
The popular Atal Pension Yojana (APY) was started in the year 2015-16 as a retirement plan. It was started with the objective of providing regular income after retirement to the salaried people. This is the main advantage of this scheme that those people, who are not able to take advantage of any kind of government pension. Investing in these, you can ensure regular income for yourself. Due to the benefits of this scheme, people are getting attracted towards it, it can be gauged from the increasing number of subscribers of APY Scheme. So far more than 5 crore people have joined this scheme.
No tension of pension after retirement
Pension is the biggest support in old age, for this purpose investing in Atal Pension Yojana is a profitable deal. You can take advantage of monthly pension ranging from Rs 1000 to Rs 5000 after retirement by depositing a small amount every month according to you. There is an age limit of 18 to 40 years for investment in this. To get a pension of Rs 5,000 every month, you will have to invest Rs 210 every month in the APY scheme.
The age limit has been fixed from 18 to 40 years
Talk about the eligibility required to open an account under this scheme. The person must be a citizen of India. The age of the applicant should be between 18-40 years. He should have a valid bank account which is linked to Aadhaar card. Apart from this, the applicant should have a mobile number. Should not be a beneficiary of Atal Pension already. In this, the minimum contribution period has been fixed at 20 years.
The government had made changes last year
The government had changed the rules of this scheme last month. According to the new rule of the government, people paying income tax (Taxpayers) cannot take advantage of this scheme. This change has been implemented from 1 October 2022. There is a provision of income tax exemption for those who invest in Atal Pension Yojana.
