Think, get a guaranteed pension of ₹ 5,000 every month in Old Age – Bina Kisi Dikkat Ke! Atal Pension Yojana (APY) is a Government-Backed Scheme, which is for 18 to 40 years of non-taxpayers. In this, you can find a monthly pension ranging from ₹ 1,000 to ₹ 5,000, depending on Aapka Monthly Contribution. The sooner we start, the less the contribution will be. Just the Active Bank Account, Aadhaar and Mobile Number are needed, and the contribution will be directly deducted from the bank. This scheme is only for non-taxpayers. If you want the retirement tension-free, then APY is a smart and secure option.

Think, today you have ₹ 1 crore – a big amount, right? But if we say that in the coming 20 years, the power to buy its real will remain equal to ₹ 25 lakh, then you will probably be shocked. But this is not an estimate, but a truth, and is behind it inflation – which is quietly eating your hard earned money every year. Inflation means increase in prices of goods and services year after year. If inflation is 7%, then today’s ₹ 1 lakh thing will be ₹ 3.87 lakh in 20 years. That is, the money will remain the same, but you will be able to buy very little from it. Now if you think that savings account, FD or just gold and real estate will protect your wealth, then this is just an illusion. FD’s return is under inflation and the return of savings account is even more weak in front of inflation. Real understanding is to understand the real return – that is, what are you really benefiting from your investment after inflation? There are options like Mutual Funds and Equity that have the ability to beat inflation.