Atal Pension Yojana: Everyone wants that after retirement they do not have to face any financial problems. For this, people think about investing some part of their earnings in such a place, so that after retirement they do not have to depend on others for their expenses.
Because in old age your pension fund or returns from investments are the only source of income. Have you planned your retirement? If you have not started investing for pension yet, then you can ensure your pension by investing in Atal Pension Scheme.
What is Atal Pension Yojana?
If you do not want to worry about money after retirement, then Atal Pension Scheme is a great option for you. This is a government scheme, so investing in it is safe and reliable. You can start investing with a small amount as per your capacity. The sooner you start investing in it, the more benefits you will get. By investing early, you will have to deposit less money and get more pension.
Invest like this for pension of 5000 rupees per month
By investing 42 to 210 rupees every month in this scheme, you can get a pension of one thousand to five thousand rupees per month after retirement. If someone starts investing late, he will have to invest more. Therefore, those who start investing at the age of 40 will have to deposit 291 to 1454 rupees every month in Atal Pension Yojana.
Also Read: How much cash can you legally keep at home in India? Know the rules of income tax
The family will get financial help after death
If you die before the age of 60, your partner can continue investing in the pension fund or can also withdraw the entire money in the account. Not only this, if your partner or spouse also dies, your family will get financial assistance. The nominee appointed by you will get the deposited amount.
Tax benefit will be available under 80C
By investing in APY Scheme, you not only get guaranteed pension, but you can also avail tax benefits on the investment made in this scheme. By investing in it, you can save tax up to Rs 1.5 lakh. This tax benefit is given under section 80C of Income Tax.
Conditions for investing in this scheme
- Only Indians will get the benefit of this scheme.
- You can invest in this scheme on monthly, quarterly or half-yearly basis.
- The age limit for investing in the scheme has been fixed from 18 to 40 years
- It is necessary to invest for at least 20 years.
- The applicant’s bank account must be linked with the Aadhaar card
- The applicant must have a mobile number.
How to apply for APY scheme?
You can apply for this scheme both online and offline. You can apply for this scheme offline by visiting your nearest bank or you can apply online by visiting the bank’s website. Here we are going to tell you how to apply for Atal Pension Yojana online. So let’s know.
Process of online application (Atal Pension Yojana Online Apply)
- First of all, you have to visit the Electronic National Pension System (eNPS) portal https://enps.nsdl.com/eNPS/NationalPensionSystem.html.
- Here you can apply online for APY.
- For this, first click on APY Subscriber Registration.
- On the homepage, you will see the option of “APY Subscriber Registration”. Click on it.
- On the next screen, you have to enter all your details like name, date of birth, gender, address, mobile number, bank account details etc.
- You have to choose the pension contribution amount as per your wish.
- Now you have to fill the details of a nominee member, who will be entitled to your pension fund after your death.
- After this you will have to upload the scanned copy of your Aadhar card and bank passbook.
- You have to pay the application fee online.
- The information entered by you and the documents uploaded will be verified. If everything is okay, you will get a confirmation message.
