Well, there are many pension plans in the market. Many are private and many are government. But do you know about the central government’s special Atal Pension Yojana today? This is a great work plan and will be of great use to the consumer. Actually, both husband and wife can get monthly pension under Atal Pension Yojana. Both husband and wife together can get 10,000 rupees monthly through this scheme.
Many people do not know about this special scheme that Modi government’s Atal Pension Yojana (APY) not only provides guaranteed pension up to Rs 5000 per month but also helps your family members to apply for this scheme. Is. This means that more than one member of the same family can apply for APY.
Application Age Limit: The minimum age for availing this scheme is 18 years. A person from the age of 18 years to the age of 60 years can get a guaranteed pension of Rs 5000 per month by investing only Rs 210 per month. The specialty of this scheme is that if the husband and wife start investing even at the age of 30, then both of them will be able to get a pension of Rs 10,000 per month after the age of 60 years.
Here is the math: If spouses who have attained the age of 30 years apply for APY, they will have to deposit Rs 577 per month separately in their APY accounts. In this way his daily contribution (577×2/30) will be Rs 38.4. Then on the age of 60 years, both will get a pension of Rs 5-5 thousand. That is, both Mila will be able to get 10000 rupees every month for a lifetime.
The special thing to note is that it is mandatory for the applicant to have a savings bank account / post office savings bank account for APY. The bank will ask the applicants to provide Aadhaar and mobile number to facilitate getting updates on the APY account.
Contribution of Central Government: The Central Government Contributes Atal Pension Yojana is mainly focused on all the citizens of the unorganized sector. It is to be known that in this scheme the central government also co-contributes 50% of the subscriber’s contribution or Rs 1,000 annually, whichever is less.
Government contribution is available to those people who are not covered under any statutory social security schemes and are unable to pay tax from income. This pension scheme is handled by the Pension Fund Regulatory and Development Authority. Under this pension scheme, subscribers get guaranteed minimum monthly pension of between Rs 1,000 to Rs 5,000 per month.