New Delhi. If you are also planning to invest in a safe place, then you can invest money in the Atal Pension Yojana (APY) of the government. Let us inform that the Atal Pension Yojana was started in the year 2015 for the people working in the unorganized sectors, but in this scheme any Indian citizen of 18 to 40 years of age can invest and avail pension, who have bank or Have an account in the post office. In this scheme, the depositors start getting pension after 60 years.
Understand what is Atal Pension Yojana
The investment made by you in Atal Pension Scheme depends on 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. If you want to register for this pension scheme, then you should have a savings account, Aadhar number and a mobile number.
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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 have to deposit Rs 210 per month for a monthly pension of Rs 5000 every month after the age of 60.
In this way you will get Rs 5000 pension every month
That is, by depositing Rs 7 every day in this scheme, you can get a pension of Rs 5000 per month. In this scheme, only Rs 42 will have to be deposited per month for a monthly pension of Rs 1000 every month. On the other hand, Rs 84 for Rs 2000 pension, Rs 126 for Rs 3000 and Rs 168 for monthly pension of Rs 4000 will have to be deposited every month.
People investing in Atal Pension Yojana get a tax benefit of up to Rs 1.5 lakh under Income Tax Act 80C. From this the taxable income of the subscribers is deducted. Apart from this, an additional tax benefit of up to Rs 50,000 is available in special cases. In this way, deduction of up to Rs 2 lakh is available in this scheme.
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Death Benefits of APY
If the subscriber of this plan dies, then his wife becomes the nominee by default and the wife gets all the benefits of the plan. The wife also gets the same pension as the subscriber. In case the wife is not alive, the nominee who has been made by the subscriber gets the benefit of the corpus fixed for this. That is, the nominee gets a fixed pension.