New Delhi: Every person wants to make his old age good in terms of financial condition, so that there is no problem. In modern times, everyone wants to invest in such a place, where their money is safe and also get benefits.
If you want to invest your money in such a place, then there is no need to panic now, because the central government has started the Atal Pension Yojana. By investing in Atal Pension Yojana, you will get pension for a month, but for that some conditions have to be followed.
Any Indian citizen of 18-40 years of age can invest in this scheme and take advantage of pension. They just need to have an account in the bank or post office.
In Atal Pension Yojana, the depositors start getting pension after 60 years. The amount of APY depends on the investment made by you and your age. Under this scheme, a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5,000 can be obtained. For this you have to register with the bank.
At the same time, the sooner you join the Atal Pension Yojana, the more benefits you will get. If a person joins Atal Pension Yojana at the age of 18 years, then he will get 5000 rupees every month after the age of 60 years. 210 rupees have to be deposited every month for pension. By depositing Rs 7 every day in this scheme, you can get a pension of Rs 5000 per month. For monthly pension of Rs 1000 every month, only Rs 42 has to be deposited per month.
People investing in Atal Pension Yojana get tax benefit of up to Rs 1.5 lakh under Income Tax Act 80C. Apart from this, an additional tax benefit of up to Rs 50,000 is available in special cases.
