New Delhi: In the fast-paced life, everyone thinks that his future can be secured financially. Pension plans are the means by which people with monthly income can take benefit by keeping their future secure.
One such scheme is Atal Pension Yojana. After investing 42 rupees a month in this scheme, you are getting a chance to earn up to 1000 rupees every month.
In fact, it has been revealed in the Economic Survey presented in Parliament that till September 2021, the pension scheme in which youth and women have shown maximum interest was Atal Pension Yojana.
This is Atal Pension Yojana
Anyone who is 18 years of age or above can take advantage of investing in Atal Pension Yojana (What is APY). Under this, a person of 18 years keeps depositing Rs 42 every month, then at the age of 60, he keeps getting a pension of Rs 1,000 per month.
Similarly, at the age of 18, a pension of Rs 210 has to be deposited every month, then after retirement Rs 5,000 will be given per month. Please note that the premium amount also starts increasing with age.
Investment can be made even at the age of 40
Even if you are 40 years old, you can still get benefits by investing in this scheme. To get a monthly pension of Rs 1 thousand at the age of 40, Rs 291 has to be deposited monthly, while Rs 1,454 has to be deposited every month for a pension of Rs 5 thousand per month.
Get benefit in this way
- There are many benefits of Atal Pension Yojana (APY Benefits). Especially helping in tax saving starts getting help. Its premium starts getting the benefit of tax under section 80CCD of Income Tax.
- The maximum limit of deduction under section 80CCD has been kept at Rs 2 lakh. The benefit of additional deduction of Rs 50,000 has also been included in this.
- Of the people joining this scheme, 43 percent are between 18 and 25 years of age. In March 2016, the share of this age group in Atal Pension Yojana had reached 29%.
- Not only this, along with this, women are also going to get a lot of benefit from this scheme. In March 2016, where the participation of women had increased to 37 percent, it has increased to 44 percent by September 2021.
