Crores Of People Are Getting This Big Benefit From Government; Check Whether You Are Eligible To Get Or Not

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The Central Government has been running the Atal Pension Yojana (APY) for people belonging to weaker income groups since 2015. Under this pension scheme, low-income people working in the unorganized sector can make a pension for themselves by making a small investment. Till date, crores of people have joined this scheme.

Any such person working in the unorganized sector can take advantage of this scheme. Organized sector employees collect some amount for the future through PF etc., but for the unorganized sector people, it is a big challenge.

There are many questions in the mind of people about this scheme, one of which is how old are the people eligible for investment in this scheme? Only people whose age will be between 18 and 40 years are eligible for the scheme. Those whose age will be less than 18 years or more than 40 years, they cannot be associated with this scheme. However, to get a pension, it is necessary to invest for at least 20 years.

In this, at the age of 60, there is a provision for monthly pension up to 1,000, 2,000, 3,000, 4,000, and 5000 rupees. The biggest feature of this scheme is that after the death of the pensioner, his wife or husband continues to get benefits.

For investment, you must have a savings account in a bank or post office and deposit amount is auto-debited from the account periodically.

The contributions made into the Atal Pension Yojana are eligible for tax deduction under Section 80CCD.

Follow these steps to open Atal Pension Yojana Account:

  • Fill up and submit the APY registration form, at your local bank branch
  • Provide your bank account number, Aadhar No. and Mobile number
  • Your first contribution amount will be deducted from your linked bank account at the time of account opening.
  • Your bank will issue acknowledgment No./PRAN No. to you.
  • Subsequent contributions will be automatically deducted from your bank account.

Click here to download the Atal Pension Yojana form.

In order to know more about the Atal Pension Yojana, visit the official website by clicking here.

(Source: jansatta.com)

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