Atal Pension Yojana (APY) Limit Could Be Doubled To Rs 10,000: 10 Things To Know
Thinking of investing in Atal Pension Yojana (APY)? There is some good news for you. The government is considering a proposal to raise the pension limit under Atal Pension Yojana (APY) to up to Rs 10,000 per month from the existing slab of up to Rs 5,000, news agency Press Trust of India reported, citing a top government official. APY or Atal Pension Yojana is a pension scheme focused on the unorganised sector. If such a proposal goes through, an individual will be able to invest in APY to earn a pension of Rs 10,000 per month after maturity. Currently, APY offers pre-defined returns, ranging from Rs. 1,000 per month to Rs. 5,000 per month. Starting at an early age minimises the contribution required to reach the desired minimum monthly pension under the Atal pension scheme (APY), thus maximising the pension benefit, say experts. (Also read: 10 things to know before investing in Atal pension scheme)
Here are 10 things to know about APY or Atal Pension Yojana:
PFRDAPFRDA Chairman Hemant G Contractorlower is the monthly contribution required
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