Earn ₹10,000 Monthly with This Pension Scheme: Planning for a stress-free retirement is a goal for every couple. The Atal Pension Yojana (APY), a government-backed pension scheme in India, offers an exceptional opportunity to secure financial independence. With APY, both husbands and wives can individually receive a fixed pension of up to ₹5,000 per month, resulting in a combined income of ₹10,000. This article breaks down the benefits, eligibility, and step-by-step process to enroll in this scheme.
Earn ₹10,000 Monthly with This Pension Scheme
| Aspect | Details |
|---|---|
| Scheme Name | Atal Pension Yojana (APY) |
| Maximum Pension Per Person | ₹5,000 per month |
| Combined Pension for Couples | ₹10,000 per month |
| Eligibility Age | 18 to 40 years |
| Contribution Period | Minimum 20 years |
| Enrollment Requirement | Savings account in a bank or post office |
| Tax Benefits | Deductions under Section 80C of the Income Tax Act |
| Official Website | Pension Fund Regulatory and Development Authority (PFRDA) |
The Atal Pension Yojana offers an excellent opportunity for couples to secure their retirement with a combined monthly pension of ₹10,000. With its affordability, tax benefits, and guaranteed income, APY is a smart choice for financial stability. Enroll today to ensure a worry-free future for you and your loved ones.
For more information, visit the official PFRDA website.
What is the Atal Pension Yojana (APY) Pension Scheme for Husbands and Wives?
Introduced in 2015, the Atal Pension Yojana aims to provide a secure retirement for individuals in the unorganized sector. Over time, it has become a popular choice for all Indian citizens aged 18 to 40. APY guarantees a fixed monthly pension ranging from ₹1,000 to ₹5,000, depending on the subscriber’s age and contributions. For couples, enrolling separately can result in a combined pension of ₹10,000 monthly.
Benefits of APY for Couples
1. Guaranteed Pension
Both individuals receive a fixed pension, ensuring financial stability post-retirement. The combined ₹10,000 monthly income can cover essential and leisure expenses.
2. Spousal Continuity
In case of one partner’s demise, the surviving spouse will continue to receive the pension, safeguarding financial independence.
3. Nominee Benefits
After both partners, the nominee receives the accumulated corpus, providing financial security to the family.
4. Affordable Contributions
APY is accessible, with contributions starting as low as ₹42 per month for younger individuals.
5. Tax Benefits
Subscribers can claim deductions under Section 80C of the Income Tax Act, reducing their taxable income.
Eligibility Criteria of Pension Scheme for Husbands and Wives
To enroll in the Atal Pension Yojana, individuals must meet the following requirements:
- Age: Between 18 and 40 years at the time of enrollment.
- Bank/Post Office Account: Must have an active savings account.
- Contribution Period: Minimum of 20 years of contributions.
- Documentation: Aadhaar card and valid mobile number are essential.
Contribution Details
The monthly contribution amount varies based on the subscriber’s age and desired pension. Below is a detailed table for those opting for the ₹5,000 pension plan:
| Age at Enrollment | Monthly Contribution (₹) | Daily Equivalent (₹) |
|---|---|---|
| 18 | ₹210 | ₹7 |
| 25 | ₹376 | ₹12.53 |
| 30 | ₹577 | ₹19.23 |
| 35 | ₹902 | ₹30.07 |
| 40 | ₹1,454 | ₹48.47 |
Note: Contributions are auto-debited monthly from the subscriber’s savings account.
खुशखबरी, हर खाते में 2.50 लाख रुपये जमा करेगी सरकार, शादी करने वालों की हुई चांदी
Also ReadRation Card: सितंबर बाद कट जाएगा राशन कार्ड से आपका नाम, अब देश में कहीं भी करा सकते हैं E-KYC
Bijli Bill Mafi Yojana Registration: सभी लोगो का पूरा बिजली बिल माफ़, आवेदन फॉर्म भरना शुरू
How Couples Can Secure ₹10,000 Monthly Through APY Pension Scheme
1. Open Individual APY Accounts
Each partner must enroll separately to maximize their benefits.
2. Opt for the ₹5,000 Plan
Both partners should select the highest pension plan for maximum returns.
3. Maintain Regular Contributions
Ensure sufficient balance in the savings account for uninterrupted monthly auto-debits.
Earn ₹10,000 Monthly with This Pension Scheme Enroll in the Atal Pension Yojana
- Visit Your Bank or Post Office: Ensure you have an active savings account. Obtain the APY registration form from your branch or download it from the official website.
- Fill Out the Form: Provide,
- Personal details (name, age, contact number).
- Desired pension amount.
- Nominee details.
- Submit KYC Documents: Include,
- Aadhaar card for identity verification.
- Proof of age (e.g., birth certificate or school certificate).
- Set Up Auto-Debit: Authorize monthly auto-debits for seamless contribution payments.
- Receive Confirmation: Once your application is processed, you’ll receive an acknowledgment with your Permanent Retirement Account Number (PRAN).
Illustrative Example
Consider a couple, both aged 30, who wish to secure a combined pension of ₹10,000 monthly:
- Individual Contribution: Each contributes ₹577 per month to their respective accounts.
- Total Monthly Contribution: ₹577 × 2 = ₹1,154.
- Daily Cost for the Couple: Approximately ₹38.47.
By maintaining these contributions until the age of 60, they will collectively receive ₹10,000 every month.
FAQs On Earn ₹10,000 Monthly with This Pension Scheme
1. Can both husband and wife enroll in APY?
Yes, both partners can open separate accounts, each eligible for a pension of ₹5,000 per month.
2. What happens if contributions are missed?
Missed contributions may attract penalties ranging from ₹1 to ₹10 per month. Regular payments ensure account continuity.
3. Is there an option to increase or decrease the pension amount?
Yes, subscribers can change their pension amount once a year, usually in April.
4. Are there tax benefits for APY contributions?
Yes, contributions are eligible for deductions under Section 80C of the Income Tax Act.
5. What happens if the subscriber dies before turning 60?
The spouse can continue the account or withdraw the accumulated corpus.
Tips for Maximizing Your APY Benefits
- Start Early: Younger subscribers pay lower monthly contributions for the same pension amount.
- Use the APY Calculator: Determine your exact contribution based on age and desired pension.
- Combine with Other Schemes: Pair APY with savings schemes like the Public Provident Fund (PPF) for diversified retirement planning.
- Review Contributions Annually: Ensure the chosen plan aligns with your long-term financial goals.
