Invest in Atal Pension Scheme and Post Office Monthly Scheme and get a pension of 10 thousand per month 2 hours ago 000 75001 Pension of Rs 5,000 is available Post Office Monthly Income Scheme is earning 6.6% interest After the government discontinued the pension facility for employees, people are worried about their retirement and how they will manage their monthly income in old age.providing people with a number of options through which you can avoid financial problems in your old age.
Central Government Atal Pension Scheme and Post Office Monthly Income Scheme will be suitable for you.
Atal Pension Scheme What is this scheme? Under it, a person gets a pension of Rs.1000 to Rs.5000 per month on reaching the age of 60. A person between the ages of 18 to 40 can invest in it. He has to invest for at least 20 years. To join the scheme, he needs to have a savings bank account, Aadhaar and active mobile number. How will your contribution be determined? Rs. 1 thousand to 5 thousand per month for pension from Rs. 42 to Rs. 210 per subscriber. This will happen when the scheme is taken up at the age of 18. On the other hand, if a subscriber takes up the scheme at the age of 40, he will have to make a monthly contribution ranging from Rs 291 to Rs 1454. You will be able to claim tax benefits up to Rs 1.5 lakh.
If you have 62 utility accounts, you can deposit up to Rs 4.5 lakh and if you have a joint account, you can deposit up to Rs 9 lakh. The maturity period in this scheme is 5 years. The scheme can be carried forward every 5 years through the same account as long as desired. He will earn Rs 5,000 per month. Under this scheme, interest at 6.6% is being paid.
If you invest Rs 4.5 lakh under this scheme, you will get Rs 29,700 per annum at an interest rate of 6.6% per annum. Also, if you invest Rs 9 lakh under a joint account, you will get interest of Rs 59,400 per annum. If it is distributed evenly in 12 months, it will get a return of Rs 4,950 per month. If the return is not withdrawn, interest is also paid by the post office. How to open an account? You can open an account by going to any post office as per your convenience. For this you need 2. Passport size photo, Aadhar card, Water ID, PAN card, Ration card, any one photo copy from driving license should be submitted. Apart from this, address proof has to be submitted.
Where to invest? If you are under 40 years of age, it would be wise to invest in a permanent pension plan. In this, y7ou do not need to deposit money together, you can arrange a pension for yourself by depositing money in it monthly. On the other hand, you cannot avail of Atal Pension Scheme if you are over 40 years of age. Therefore, a monthly income scheme can be a support for your old age. Apart from this, you can also take advantage of both the schemes if you want. This will give you about 10 thousand rupees per month.
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