APY: The central government runs many types of saving schemes. By investing in these schemes, people can secure their future financially. To secure their old age financially, people start investing while they are still in their jobs.
APY Invest Government Scheme: If someone invests in the Central Government’s pension scheme Atal Pension Yojana, then he can easily get a pension of Rs 5000 every month after retirement. You can financially secure your life after retirement by depositing a small amount every month in this scheme. Usually pension is the only support in old age. But for this you have to start investing on time. This is a government pension scheme. Both husband and wife can invest in this scheme and get a pension of up to Rs 10 thousand every month.
How much will you have to save
If you are 25 years old, you can get a pension of Rs 5000 by investing Rs 376 every month in this scheme. That is, to invest in this scheme, you have to save only Rs 12 every day. On completion of 60 years of age, you can get a pension of Rs 1,000, 2,000, 4,000 or 5,000 every month.
Investment for monthly pension of Rs 5,000
If someone starts investing at the age of 18 and wants a pension of Rs 5,000 after retirement, then the person will have to invest a minimum of Rs 210 every month till he turns 60. But, if someone starts investing at the age of 20, then he will have to invest Rs 248 every month. If a person starts investing at the age of 25, then, the minimum monthly investment will be Rs 376. At the age of 30, the minimum monthly investment would be Rs 577. If a person starts investing at the age of 35, he will have to invest Rs 902 every month.
Who can invest
The age limit to join Atal Pension Yojana is 18 to 40 years. To get pension through this scheme, you have to invest for at least 20 years. After this, as soon as you turn 60 years old, you will start getting pension. To join this scheme, you must have an account in a bank or post office.
