There is a new update on the pension of senior citizens; read the complete information. This scheme aims to provide regular income to senior citizens after retirement. You can invest in this scheme from 18 to 70 years old. You can get a pension after the age of 60.
If you want to fulfil all your dreams by saving a large amount of money till retirement, then some government schemes can fulfil your wishes. This scheme provides regular income even in old age. You can earn a good monthly amount by investing money in this scheme.
Under this scheme, a regular amount is deposited into senior citizens’ accounts monthly. BPL category citizens are eligible for pensions from 60 to 79 months. This month, the Social Welfare Department will deposit pensions in the accounts of more than 20 thousand older adults.
EPFO Pension Scheme
First of all, in this scheme, EPFO provides a large fund for retirement on monthly contributions to salaried employees. Apart from private sector employees, employers also help with their PF accounts.
The government also pays annual interest on it. A pension scheme has also been started for EPFO employees. You will receive this pension if you have invested in it for 10 years. The amount of this pension depends on the contribution.
National Pension System
You can also contribute to the National Pension System (NPS) for monthly income after retirement. This is a kind of NPS market-linked scheme. You can earn good profits with an average return of up to 10 per cent. Rs 18 to 70 can be invested in these schemes. You may be entitled to receive this pension after 60 years.
Atal Pension Yojana
Under this Atal Pension Yojana launched by the government, you can take a fixed monthly amount for retirement. In this way, you can invest for 18 to 40 years. People are provided a pension ranging from Rs 1000 to Rs 2000 after 60 years.
About 3.5 crore people across the country benefit from the Old Age Pension Scheme, in which Rs 3,000 each will be deposited in the accounts of those who have not received a pension for three months. This scheme has been started to strengthen the country’s economic development. Just take advantage. For this, you can apply online.
