APY Investment 10 thousand pension on low investment, know all the details here In today’s time, every human being is bothered by the rising age. If you are also planning to invest in a safe place to keep your pension safe, let us tell you that you can invest in the state’s Atal Pension Yojana (APY). According to this system, husband and wife can receive a pension of up to 10,000 rupees every month by opening separate accounts. There will be many benefits to this system (Atal Pension Yojana). Let us know in detail.
Know who can invest
Atal Pension Yojana was launched by the central government in 2015. At that time, it started for people working in the unorganized sectors, but now all Indian citizens aged 18 to 40 can invest their money in this system and can also do so easily. Take advantage of this schedule (APY). People who have an account in a bank or post office can easily invest their money in it. According to this system, the investor begins to receive a pension after 60 years.
Learn about Atal Pension Yojana (APY investment,
Atal Pension Yojana is one such state system where whatever investment you will make depends on your age. Under this system, you can get minimum monthly pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000 and maximum up to Rs 5000. Explain that the investor’s money remains safe in this system (APY). If you want to register in this system, you should have a savings account, Aadhar number and mobile number.
The benefits of this system
Individuals in the age group 18 to 40 can sign up for Atal Pension Yojana. For this, it is very important for the applicant to have a savings account in any bank or post office. Apart from this, keep in mind one more thing that you can only have one Atal Pension Account. The earlier a person starts investing under this system, the more benefits he will receive later. If a person joins Atal Pension Yojana at the age of 18, he will receive Rs 5000 in pension every month after the age of 60. For this, the investor only has to deposit 210 Rs per month. This system (APY) can prove to be a good profitable system for the investor.
Know how to get 10,000 Rs in pension
Spouses under the age of 39 can separately benefit from this system, from which, after the age of 60, together they will receive a pension of Rs 10,000 each month. If the spouse is 30 years of age or younger, they can contribute 577 Rs each month to their APY account. If the husband and wife are 35 years old, they must deposit an amount of Rs 902 into their APY account each month. In addition to the guaranteed monthly pension, Rs 8.5 lakh will be given to the surviving partner if one of the spouses dies. Along with this, they will continue to receive a pension for life.
Know about tax benefits
People who invest in Atal Pension Yojana can receive tax benefits up to 1.5 lakh Rs according to the Income Tax Act 80C. According to the annual report of the National Pension System Trust (NPS Trust), out of 42 million subscribers to NPS, at the end of the financial year 2020-21, more than 2.8 crore or 66% had chosen Atal Pension Yojana (APY)). 3.77 crore or 89% of NPS subscribers were from non-metropolitan cities.
what will happen in the event of death
If the person joining this system dies prematurely, there is also a provision to continue the benefit to his family. If a married man associated with Atal Pension Yojana (APY) dies, there is a provision to get a pension for his wife. On the other hand, if the wife dies, there is a provision to provide a pension for the children.
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