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APY Investment: Get a pension of Rs 60000 by saving Rs 7 daily, start investing today, know how

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NPS Investment: Get guaranteed Rs 20,000 pension monthly by investment of Just Rs 1000 in this scheme, know details

In order to provide security to the unorganized employees, the government started Atal Pension Yojana in the year 2015. Today crores of people are taking benefit of this scheme. Under this scheme, you can get a pension of Rs 60,000 by saving just Rs 7 per day.


New Delhi. In order to provide financial assistance to the people, the government started the Atal Pension Yojana in the year 2015. Today crores of people are taking benefit of this scheme. This is a scheme that provides security to the unorganized workers. Under this scheme, a person can open only one account. Under this scheme, you can get a pension of Rs 60,000 by saving just Rs 7 per day.

You can invest in this government scheme only at the age of 18. To get an annual pension of Rs 60,000, you have to invest Rs 210 every month for 42 years. That is, 7 rupees in a day. By investing only this much, you can get a total pension of Rs 60,000 in a year.

Conditions for Atal Pension Yojana

To take advantage of Atal Pension, the age of the subscriber should be between 18 – 40 years. Apart from this, he should also have a savings bank account and if someone does not have a savings account, then he has to open the account. Apart from this, the applicant should have a mobile number and its details will have to be given to the bank during registration.

Pension will be given annually after 60

Under this scheme, you will get a pension of 1 thousand rupees to 5 thousand rupees a month after retirement on depositing a fixed amount every month. The government is guaranteeing a lifelong pension of Rs 5000 per month after the age of 60 years on investing only Rs 1239 every 6 months.

Will have to pay Rs 210 every month

Under the scheme, if you add 5 thousand rupees for monthly pension at the age of 18 years, then you will have to pay 210 rupees every month. If you give the same money every three months, then you will have to pay Rs 626 and in six months you will have to pay Rs 1,239. At the same time, if you invest at the age of 18 to get a pension of Rs 1,000 a month, then you will have to pay Rs 42 monthly every month.

Highlights of the plan

Any citizen of India can join this scheme. For this, he should have a bank account and should be associated with the unorganized sector. For this the minimum age should be 18 years and maximum age should be 40 years. Investors will get the benefit of the scheme after the age of 60 years, at the time of retirement. Under this, investors can get monthly pension till their death. If the investor dies, their spouse will continue to receive the pension till their death. In the event of the death of both the investor and the spouse, the retirement corpus is transferred to the account of the nominee.

Tax exemption will be available

You can choose from 3 types of plans to pay in this plan, Monthly Investment, Quarterly Investment or Half Yearly Investment. Under this plan youIncome TaxIt also gets the benefit of tax exemption under section 80CCD..

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