What is Atal Pension Yojana?
The investment made by you in Atal Pension Scheme depends on your age. Under this scheme, a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5,000 can be obtained. If you want to register for this pension scheme, then you should have a savings account, Aadhar number and a mobile number.
get these benefits
The sooner you join the Atal Pension Yojana, the more benefits you will get. If a person joins Atal Pension Yojana at the age of 18 years, then he will have to deposit Rs 210 per month for a monthly pension of Rs 5000 every month after the age of 60 years.
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In this way you will get Rs 5000 pension every month
That is, by depositing 7 rupees every day in this scheme, you can get a pension of 5000 rupees per month. In this scheme, only Rs 42 will have to be deposited per month for a monthly pension of Rs 1000 every month. On the other hand, Rs 84 for Rs 2000 pension, Rs 126 for Rs 3000 and Rs 168 for monthly pension of Rs 4000 will have to be deposited every month.
People investing in Atal Pension Yojana get a tax benefit of up to Rs 1.5 lakh under Income Tax Act 80C. From this the taxable income of the subscribers is deducted. Apart from this, an additional tax benefit of up to Rs 50,000 is available in special cases. In this way, deduction of up to Rs 2 lakh is available in this scheme.
APY’s Death Benefits
If the subscriber of this plan dies, then his wife becomes the nominee by default and the wife gets all the benefits of the plan. The wife also gets the same pension as the subscriber. In case the wife is not alive, the nominee who has been made by the subscriber gets the benefit of the corpus fixed for this. That is, the nominee gets a fixed pension.