New Delhi: People in India think of earning as much money as possible but do not think much about their future.
Perhaps this is the reason why they are struggling with money shortage in old age. Even in old age, they have to be completely dependent on their children. In such a situation, if you plan your future for a long time, then your life can be cut easily after retirement.
Today we are telling you about the Modi government's 'Atal Pension Scheme' in which you can save your life by saving a few bucks every month. Anyone between the ages of 18 and 40 can take advantage of this. By investing here you can add substantial amount for retirement. If you invest in the Atal Pension Scheme, after retirement at the age of 60, you get a sum of five thousand rupees or one time up to 8.50 lakh rupees. You can be invested in the scheme according to the month, quarter or quarterly.
Anyone from 18 to 40 years can invest up to Rs 42 to 1,318 rupees. According to the age, the amount of investment and its duration will be more or less. The cost of the scheme is straightforward, as soon as you start an investment, you will have to pay less money, which will burden you. If you are 18 years old then you have to invest 42 years. In this you can deposit 42, 84, 126, 168, 210 rupees a month. After retiring you will get 1000, 2000, 3000, 4000 or 5000 rupees per month. Accordingly, there is a complete table which can easily be understood.
If you are 18 years old then you have to invest 42 years. In this you can deposit 42, 84, 126, 168, 210 rupees a month. After retiring you will get 1000, 2000, 3000, 4000 or 5000 rupees per month. Accordingly, there is a complete table which can easily be understood. In this, after death, the husband gets a pension. If the spouse also dies, then the nominee is given a lump sum of 1.70 lakh to 8.50 lakh rupees. Tax exemption under section 80CCD (1) of the Income Tax Act on investment in APY The special thing is that tax deduction of 50,000 rupees annually plus an additional income of section 80C is benefited.
How To Apply: For this, you log in at http://enps.nsdl.com and fill the base number in the ABL Pension Plan (APY) window. Then fill in details of bank / branch, account number and address. Fill up the pension amount, how often to put money, names of spouse and nominee etc. At the end, e-signing the form for verification will complete your registration for the Atal Pension Scheme. The bank will deduct the amount you set from your account in the Permanent Retirement Account Number (PRAN). If there are any issues or need some more information, you can call toll free number 1800-110-069
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