Investment is less than the price of tea, you will get a pension of Rs 5,000 in old age, government is running the scheme…

New Delhi:- Every person wants to save some part of his earnings and invest this money in such a place where his money is not only safe but he also gets good returns. At the same time, some people invest some part of their savings keeping their old age in mind.

If you are also looking for a similar scheme for your old age, in which you get lump sum amount or pension every month after retirement through investment, then Atal Pension Yojana can be a good option for you. This pension, which is being run by the government, is quite popular. Till now more than 7 crore people have invested in this scheme.

Fixed pension of Rs 5000 every month

The government claims to provide guaranteed pension on investment in Atal Pension Yojana. If you are young, you can save a small amount every month and make yourself financially strong in your old age. Under this scheme, you can ensure yourself a pension of Rs 5000 every month. The age limit for investment in this scheme has been fixed at 18 to 40 years.

How to get pension of Rs 5000 every month

To get pension under this scheme, one will have to invest for at least 20 years. That means, if you are 40 years old and start investing in this scheme now, you will start getting pension as soon as you turn 60 years old. At the same time, if you are 20 years old and you deposit only Rs 7 per day i.e. the price of one tea in this scheme, then after 60 you can get a pension of Rs 5000 per month.

At the same time, if a person is married, then the husband and wife can join Atal Pension Yojana and get pension up to Rs 10,000 per month. Not only this, if due to some reason the husband dies before the age of 60 years, then the wife will get pension facility. At the same time, on the death of both husband and wife, the nominee gets the entire money.

Tax exemption is also available

By investing in Atal Pension Yojana, you get many other benefits along with guaranteed pension. By investing in this, you can save tax up to Rs 1.5 lakh under Section 80C of Income Tax.

Any Indian citizen between 18 to 40 years of age can invest in this scheme. To open an account, he must have a valid bank account. Also this account should be linked to Aadhar card. Apart from this, the applicant should have a mobile number and should not already be a beneficiary of Atal Pension.

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