By Admin 
Atal Pension Scheme: In today’s time, everyone wants that even after the end of their earning or job, they should still have some source of money, so that they do not have to lend a helping hand to anyone in old age. This is the reason why people like to invest some part of their earnings in a place where their future can be secure. The government’s Atal Pension Yojana (APY) has also been started for the same purpose.
Especially for people below 40 years of age, this scheme is considered a good option for retirement planning. If you also want to be financially independent in old age and want the facility of regular pension, then this scheme can be most beneficial for you.
What is APY scheme?
Atal Pension Yojana (APY) was started in the year 2015. Till now a large number of people have joined this government scheme. The age of the persons investing in this should be between 18 to 40 years. However, income tax paying people cannot avail the benefits of this scheme. Especially if your age is less than 40 years, you can start investing in it and get pension after the age of 60 years.
The advantage of investing in this scheme is that you will be given a fixed amount as pension every month. Especially with this, even after retirement, you will not have to worry about daily expenses. In this you can also get the facility to deposit money on monthly, quarterly and half yearly basis.
Solar Panel: Did you earn or not? Government distributed Rs 17900 crore to those who installed solar panels, electricity also free
How much savings in 7 rupees
If you are 18 years old and you open an account in Atal Pension Yojana. In such a situation, if you save about Rs 7 daily, then you can deposit Rs 210 every month. With this investment, you can get a monthly pension of up to Rs 5,000 after the age of 60 years.
However, if your aim is to get a monthly pension of Rs 1000, then for this you will have to deposit the required amount every month. If both husband and wife want to avail the benefits of the scheme by opening separate accounts, then both of them together can get pension up to Rs 10,000 every month. To get pension in APY scheme, you will have to invest for at least 20 years.
What are the benefits of APY scheme?
- Through APY scheme, after completing 60 years of age, one can get a guaranteed pension ranging from Rs 1,000 to Rs 5,000 every month.
- After the death of the investor, his spouse gets the benefit of fixed pension.
- After the death of both husband and wife, the deposited amount will be returned to the nominee.
Documents required to open an account
- account in bank or post office
- Aadhaar Card
- mobile number
Ration Card: Don’t worry, understand here whether you will get 35 kg ration or not, if you have a small family then how much food grains will you get?