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Feature and Benefits of the Atal Pension Yojana

There is a government-backed pension scheme called Atal Pension Yojana. In India, a APY pension scheme provides citizens a fixed minimum pension of Rs 1000 to Rs 5000 upon reaching the age of 60. People who work in the unorganised sector are eligible for pension benefits and social security through Atal Pension Yojana, or APY. <br><br>Visit the link below for more information.

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Feature and Benefits of the Atal Pension Yojana

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  1. ATAL PENSION YOJANA

  2. WHAT IS ATAL PENSION YOJANA Atal Pension Yojana is a government-backed pension scheme in India, aimed at providing a fixed minimum pension of Rs. 1000 to Rs. 5000 to citizens upon reaching the age of 60. The scheme is open to all citizens between the ages of 18 and 40. The contribution amount and pension amount are determined by the age of the subscriber. The scheme provides an important social security net for India's unorganized sector workers.

  3. ELIGIBILITY CITIZENSHIP CRITERIA AGE CRITERIA AADHAR LINKED BANK ACCOUNT VALID MOBILE NUMBER 20 YEARS CONTRIBUTIONS

  4. BENEFITS DEATH BENEFITS 1 The spouse of the contributor receives the Atal Pension Yojana death benefits. When the contributor dies, the pension is automatically transferred to the spouse who is the default nominee. In the event of the contributor's and spouse's death, the nominee will receive the predetermined corpus amount for the specific pension slab. If the contributor dies before reaching the age of 60. RETIREMENT BENEFITS 2 The main Atal Pension Yojana benefit is the retirement benefit. Depending on the contributions made, the monthly pension will be paid out. There are different pension amounts Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 and Rs. 5,000. TAX BENEFITS 3 The Atal Pension Yojana tax benefits can be availed under Section 80CCD (1B), to the tune of Rs. 50,000 over and above the Rs. 1.5 lakhs.

  5. THANK THANK THANK YOU YOU YOU

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