Good News For Husband And Wife: Atal Pension Yojana, Married Couple Can Get Rs 10,000 Every Month. Click To Know How To Apply For This Scheme

Good News For Husband And Wife: Atal Pension Yojana, Married Couple Can Get Rs 10,000 Every Month. Click To Know How To Apply For This Scheme

Good News For Husband And Wife: Atal Pension Yojana, Married Couple Can Get Rs 10,000 Every Month. Click To Know How To Apply For This Scheme

One such plan that couples can choose is the Atal Pension Yojana (APY), which offers good returns along with safety on investments. Under the plan, a husband and wife can get a total monthly pension of about Rs 10,000 by opening 2 separate accounts.

A benefit of the scheme is that a tax-paying couple can apply for tax benefits against their deposits in the scheme.

Eligibility for Atal Pension Yojana:

The scheme was flagged off in 2015 aimed at benefiting people engaged in unorganised sectors to secure their future. However, now any Indian citizen between 18 to 40 can put their money in the Yojana.

If a person has a bank or post office account, they can easily choose Atal Pension Yojana as their investment option.

After turning 60, investors will be eligible to get the pension.

Benefits of Atal Pension Yojana:

Depending on the investments made by a person, they will receive either Rs 1,000 or Rs 2,000 or Rs 3,000 or Rs 4,000 or a maximum of Rs 5,000.

If a pension seeker wishes to get a Rs 5,000 monthly pension, they will have to deposit Rs 210 per month starting from the age of 18.

How to earn a Rs 10,000 monthly pension?

To do this, a couple, under 30 years of age, can start 2 separate Atal Pension Yojana accounts. They will have to deposit Rs 577 each in their respective accounts to earn the desired pension of Rs 10,000 per month after 60 years of age.

Tax benefits on the scheme:

Investments made in Atal Pension Yojana can help investors save tax. They can avail tax benefits of up to Rs 1.5 lakh under the Income Tax Act 80C.

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