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What are the benefits of Atal Pension Yojana?

By IndianMoney , 9 months ago

1. The scheme provides the subscribers with a fixed pension ranging between Rs.1000 to Rs. 5000. The pension is provided if he/she joins and contributes between the age of 18 years and 40 years. The contribution level varies as per the conditions which is low if the subscriber joins the scheme early and might increase if he/she joins late. 2. After the death of the subscriber, the spouse is eligible for availing the same benefits provided by the pension. 3. The indicative pension wealth will be returned to the nominees after the death of a spouse. 4. Contributions to the Atal Pension Yojana (APY) is eligible for tax benefits similar to the National Pension System (NPS).

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