It is very important to do pension planning. If you are also planning to invest in a safe place to keep it safe to keep your retirement plan safe, then definitely read this news. Today, we are telling you about the government’s Atal Pension Yojana (APY), in which you can get a pension of Rs 3,000 every month by opening your wife’s account. There are many more benefits of this scheme (Atal Pension Benefits). Let’s know about it.
What is Atal Pension Yojana?
Atal Pension Scheme is such a government scheme in which the investment made by you depends on your age. Under this scheme, you can get a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and maximum Rs 5,000. This is a safe investment.
Who can invest?
Atal Pension Yojana was started in the year 2015. At that time it was started for the people working in the unorganized sectors, but now any Indian citizen of 18 to 40 years can invest in this scheme. In this scheme, the depositors start getting pension after 60 years.
How to get Rs 3,000 pension
People below the age of 39 years can apply in this scheme. If your wife is 25 years old, then you have to contribute Rs 226 every month to the APY account. If your wife’s age is 39 years, then you have to put Rs 792 in your APY account every month. In addition to the guaranteed monthly pension, in case of death of the account holder, the nominee will get Rs 5.1 lakh along with full life pension every month.
Benefits of the plan
Under this scheme, people of 18 to 40 years can make their nomination in Atal Pension Yojana. For this, the applicant must have a savings account in a bank or post office. You can have only one Atal Pension Account. The sooner you invest under this scheme, the more benefit you will get.
If a person joins the Atal Pension Yojana at the age of 18, then after the age of 60, he will have to deposit just Rs 210 per month for a monthly pension of Rs 5000 every month. In this way, this plan is a good profit plan.
Tax Benefit Scheme
If you pay income tax then you will also get tax benefit in this scheme. People investing in Atal Pension Yojana get a tax benefit of up to Rs 1.5 lakh under Income Tax Act 80C. If the person who is associated with this scheme dies untimely, then his family continues to get the benefit.