Atal Pension Yojana: Great Plan For Married Couples, Get Rs 10000 Monthly after Retirement!

Atal Pension Yojana: Retirement planning has become an important part of everyone’s life as they become increasingly interested in financially guaranteeing their future. Individuals can choose from a variety of plans and schemes, but couples can also plan for their retirement together if they wish to.

The Atal Pension Yojana (APY) is one such plan that couples can choose from, as it provides decent returns as well as investment safety. By registering two separate accounts, a husband and wife can obtain a total monthly pension of almost Rs 10,000.

A tax-paying couple can claim for tax benefits against their deposits in the system, which is a benefit of the scheme.

Eligibility Criteria for Atal Pension Yojana

• The scheme was launched in 2015 with the goal of helping people working in unorganized sectors to safeguard their future.

• Any Indian citizen between the ages of 18 and 40 can now invest in the Atal Pension Yojana.

• If a person has a bank or post office account, Atal Pension Yojana can be readily selected as an investment choice.

• Investors will be eligible for the pension once they reach the age of 60.

• For investing in this scheme, you'll need an Aadhar card number and a Cell phone number.

What Are the Benefits of Atal Pension Yojana?

• A person will receive either Rs 1,000 or Rs 2,000, Rs 3,000 or Rs 4,000, or a maximum of Rs 5,000, depending on their deposits.

• Starting at the age of 18, a pension seeker must invest Rs 210 per month in order to receive a Rs 5,000 monthly pension.

How To Earn Monthly Pension of Rs 10000?

• A couple under the age of 30 can do this by opening two separate Atal Pension Yojana accounts.

• After 60 years of age, they will have to deposit Rs 577 each into their respective accounts in order to receive the desired pension of Rs 10,000 every month.

What Are the Tax Benefits on the Scheme?

• The investments made in the Atal Pension Yojana can help the investors to save tax.

• The investors can now avail tax benefits of up to Rs 1.5 lakh under the Income Tax Act 80C.