New Delhi: Embarking on the journey of financial security for your retirement doesn't always require deep pockets. The golden rule of investment is clear - the earlier you start, the greater the wealth you accumulate when you retire. While the prospect of investing for a secure retirement might seem daunting for those with modest incomes, the key lies in consistency rather than a hefty initial sum.
Atal Pension Yojana
Commoners want to park their money in government-backed schemes. In the frame of government pension schemes, Atal Pension Yojana emerges as a beacon of hope for those seeking a safe and secure retirement plan. This scheme offers a monthly pension of Rs 5,000 with a surprisingly affordable entry point. (Also Read: Elon Musk's Newly Introduced Humanoid Robot Optimus Can Boil Eggs: Watch)
Eligibility Criteria
Atal Pension Yojana welcomes any Indian citizen aged between 18 to 40 years, provided they are not taxpayers. (Also Read: In PIcs: Features Of Rs 50, Rs 200, Rs 500, And Rs 2,000 Currency Notes - Check)
Savings Of Rs 7 Per Day And Return Of Rs 5,000 Pensions
Imagine - if you begin investing in Atal Pension Yojana at the age of 18, you can enjoy a monthly pension of Rs 5,000 at the age of 60 by saving just Rs 7 per day. The beauty of this scheme is that it accommodates those who may have entered the game a bit later.
To secure a monthly pension of Rs 5,000 through Atal Pension Yojana, one only needs to deposit Rs 210 per month, translating to a remarkably affordable Rs 7 per day.
