Atal Pension Yojana: Today we are going to tell you about a very hit scheme of the Government of India. The name of this scheme is Prime Minister Atal Pension Yojana (APY). If you are looking for a better scheme, then Atal Pension Yojana can prove to be the best option. After investing in this scheme, you will get a pension of Rs 5,000 every month after the age of 60. A large number of people in the country are investing in this scheme of the Government of India. Any citizen of the country can apply in this scheme of Government of India.
Any Indian citizen in the age group of 18 years to 40 years can participate in Atal Pension Yojana. It is necessary to deposit money in this scheme monthly for at least 20 years. How much to contribute every month depends on your age.
Any Indian citizen of minimum 18 years can join this scheme. At the age of 18, he has to contribute Rs 210 every month for the maximum pension limit of 5000 months. On joining at the age of 25, Rs 376 per month, while for 30 years this contribution has to be deposited Rs 577, for 35 years old Rs 902 and for 39 years old Rs 1318. If both husband and wife accounts are opened, then they will have to separate this contribution.
The special thing about this scheme is that after investing in it, you also get exemption under section 80C of income tax. One can get a minimum monthly pension of Rs 1,000 and a maximum of Rs 5,000. On the death of the subscriber, the pension amount is given to the nominee. Under this scheme, investment has to be made for at least 20 years.
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