Today we are going to tell you about some such government pension schemes where you can make your old age secure by investing. There will be no fear of sinking your money here.
The schemes we are talking about are Senior Citizens Savings Scheme, Atal Pension Yojana and Monthly Income Scheme. The special thing about these schemes is that your deposited money will be safe in them, which can also be withdrawn after maturity. Investing in these schemes will give you financial power, so let’s know about them in detail….
Senior Citizens Savings Scheme
The investment limit in the Senior Citizens Savings Scheme has been increased from Rs 15 lakh to Rs 30 lakh. From January 1, the interest rate for this scheme has also been increased to 8 percent per annum. You can extend this account for another 3 years after maturity of 5 years.
Any person can open an account under this scheme either singly i.e. individually or jointly with his/her spouse with a minimum deposit of one thousand rupees or any amount in multiple of one thousand rupees. This account can be closed after the expiry of 5 years from the date of opening. At the same time, it can also be extended for a further period of 3 years.
Atal Pension Yojana
The investment made by you in the Atal Pension Scheme depends on your age. Under this scheme, monthly pension of at least Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and maximum Rs 5,000 can be received. Husband and wife can get monthly pension of Rs 10,000 by opening separate accounts.
To take advantage of this pension scheme, your age should be between 18 to 40 years. Under this scheme, one has to invest for at least 20 years. After the age of 60 they will get pension
Monthly Income Scheme
Post Office Monthly Income Scheme can be a better option for regular income for you. In this scheme, investors have to deposit lump sum money and get a chance to earn every month. Due to the post office scheme, your money is also safe. This scheme is of 5 years, which can be further extended for 5-5 years. Under the scheme, an account can be opened for just Rs 1000. Any person who has completed 18 years of age can open an account. Post Office MIS has the facility to open both single and joint accounts.
