APY Scheme Big Update 2023: To provide financial help to the people, the government started the Atal Pension Yojana in the year 2015! Today crores of people are taking advantage of this scheme. This is such a scheme (APY Scheme) which provides protection to unorganized workers. A person can open only one account under this pension scheme. Under this scheme, you can get a pension of Rs 60,000 by saving only Rs 7 per day!
APY Scheme Big Update 2023
You can invest in this government Atal Pension Yojana only at the age of 18! To get an annual pension of Rs 60,000, you will have to invest Rs 210 every month for 42 years! Means 7 rupees a day in the scheme (APY Scheme)! By investing this much, you can get a total pension of Rs 60,000 in a year!
Conditions for Atal Pension Yojana
To take advantage of Atal Pension Yojana, the age of the subscriber should be between 18 and 40 years! Apart from this, he should also have a savings bank account for this pension scheme! And if someone doesn’t have a savings account! So he has to open an account! Apart from this, the applicant should have a mobile number in the scheme (APY Scheme) and its details will have to be given to the bank during registration.
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- Will get pension annually after
Under this Atal Pension Yojana (Atal Pension Yojana), you will get a pension of Rs 1,000 to Rs 5,000 per month after retirement after depositing a fixed amount every month! In the scheme (APY Scheme), the government is guaranteeing a lifetime pension (Pension Scheme) of Rs 5000 per month after the age of 60 years by investing only Rs 1239 every 6 months!
210 rupees will have to be paid every month: APY Scheme Big Update 2023
Under the Atal Pension Yojana (Atal Pension Yojana), if you add 5 thousand rupees to the monthly pension at the age of 18, then you will have to pay 210 rupees every month! In the scheme (APY Scheme), if you give only this much money every three months! So you will have to pay Rs 626 and Rs 1,239 in six months! On the other hand, if you invest to get Rs 1,000 per month pension at the age of 18, then you will have to pay Rs 42 monthly every month!
Key highlights of the scheme
Any citizen of India can join this Atal Pension Yojana! For this he should have a bank account and should be connected to the unorganized sector. For this, the minimum age should be 18 years and the maximum age should be 40 years. After the age of 60 years at the time of retirement,
investors will get the benefit of the scheme (APY Scheme)! Under this, investors can get monthly pension (Pension Scheme) till their death! If the investor dies! So their husband or wife will continue to get pension till their death. In case of death of both the investor and the spouse, the retirement corpus is transferred to the nominee’s account.
Tax exemption will be available: APY Scheme Big Update 2023
You can choose from 3 types of plans to pay in this scheme (APY Scheme)! Monthly investment, or half yearly investment! Under this pension scheme, you also get the benefit of tax exemption under Section 80CCD of Income Tax! In this way you can avail more benefits in Atal Pension Yojana!