look news india
Pension Scheme- Atal Pension Yojana (APY) launched by the Government of India is the perfect plan for financial security after retirement. It provides you financial security after retirement. The main objective of this scheme is to encourage people in the unorganized sector to save for retirement, so that they can remain financially independent even in old age. Under this scheme, any Indian citizen between the age of 18 to 40 years can invest. After the age of 60 years, the investor can get a pension of Rs 1,000 to Rs 5,000 per month.
Contribution less, benefit more
If you start investing at the age of 18, then by contributing just Rs 210 per month, you can get a monthly pension of Rs 5,000 after the age of 60.
government guarantee
The minimum pension received in this scheme is guaranteed by the Central Government, due to which your pension remains safe. The Central Government also contributes 50% of your contribution amount or a maximum of Rs 1,000 per year, provided you are not covered under any other social security scheme and are not an income tax payer.
various options
If you want to start investing at the age of 40, to get a pension of Rs 5,000 after the age of 60, you will have to contribute Rs 1,454 per month. If you join the scheme at the age of 32 years, you will have to contribute Rs 689 per month.
This scheme offers various pension options, so you can choose the scheme as per your need and financial situation.