Pension is a big support in old age. But this support will be available only when you invest for it. Often people are not worried about old age, especially from the investment point of view. But because of this mistake people have to repent in old age. When the body does not cooperate and one has to depend on others for the things needed. Let us know about it in detail.
If you are young, you can make your old age financially happy by depositing just a small amount every month. After this, you will continue to receive a fixed amount as pension every month. You will not need to wait for anyone for daily expenses.
If you want happiness in your old age then you can join Atal Pension Yojana. This is a government pension scheme, and it provides guaranteed returns. You can get pension ranging from Rs 1000 to Rs 5000 every month depending on your investment.
Not only this, by joining Atal Pension Yojana, both husband and wife can avail pension up to Rs 10,000 per month. Any citizen of India can take advantage of this scheme. If your age is less than 40 years, then open an account in Atal Pension Yojana immediately. Because people above 40 years of age cannot join this scheme.
Atal Pension Yojana Age: The age to join this scheme is fixed at 18 to 40 years. To get pension under this scheme, one will have to invest for at least 20 years. As soon as you turn 60 years of age, you will start getting pension amount every month.
How much pension will you get?
If you are 18 years old, then you can invest Rs 210 every month i.e. Rs 7 per day in this scheme and get a pension of Rs 5000 per month. Whereas if after the age of 60, you want a pension of only Rs 1000 per month, then for this you will have to deposit only Rs 42 every month from the age of 18.
If investors want to withdraw their money before the age of 60 years, then it is possible under certain circumstances. Whereas if the husband dies before 60 years of age, then the wife will get pension facility. On the death of both husband and wife, the nominee will get the entire money back.
Atal Pension Yojana Account Open Process: To join Atal Pension Yojana, you must have an account in a bank or post office. Aadhaar Card and Active Mobile Number will be required. In this scheme, monthly, quarterly and half yearly facility is available for depositing money. Also, auto debit facility is available, that is, money will be automatically deducted from your account.
Atal Pension Yojana Tax Saving: By investing in Atal Pension Yojana, you can save tax along with getting pension. You can save tax up to Rs 1.5 lakh by investing in this scheme. This exemption is available under Section 80C of Income Tax. Modi government started Atal Pension Yojana in May 2015.
