Retirement Planning: This government scheme will become a stick for old age, you will get a guaranteed pension of ₹ 5,000 every month.

News India Live, Digital Desk: In view of rising inflation and uncertain future, it is very important to have regular income after retirement. Atal Pension Yojana (APY) of the Government of India is a safe investment vehicle for unorganized sector workers and the middle class. The main objective of this scheme is to ensure that no person faces financial crunch after the age of 60. Key features of the scheme: Pension amount: Depending on the investment, you get a guaranteed monthly pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 or a maximum of Rs 5,000. Age of investment: Any Indian citizen between the age of 18 to 40 years can invest in this scheme. May include. When to get pension: Pension starts getting after completion of 60 years of age. Tax benefit: There is also the benefit of income tax exemption under section 80C on the amount invested in it. How does the mathematics work? The amount of premium in Atal Pension Yojana depends on your age. For example, if you join this scheme at the age of 18 years and want a pension of Rs 5,000, then you will have to deposit only Rs 210 every month. If your age is 30 years, then you will have to contribute Rs 577 every month for this pension. Promise of security: The biggest feature of this scheme is that on the death of the subscriber, his wife or husband Will continue to get the same pension. If both die, the entire amount deposited is returned to the nominee.