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API pension yojana

Pension Yojna API

The pension scheme is a very beneficial social security scheme for people working in the unorganized sector. By investing in the scheme, you get a regular income for spending after retirement.
Generally, any Indian can start his investment in the pension scheme. However, to participate in this scheme, you must have a bank account. Also, to open an account for this scheme, it is also mandatory to be linked to the Aadhaar card. The condition is that only those who are outside the income tax slab can get the benefit of the pension scheme. Also, EPF and EPS are not availing of the scheme in advance.
The pension scheme guarantees to provide a fixed pension at the age of 60, based on the amount chosen. The scheme is available to people between 18 years to 40 years of age and it guarantees a minimum monthly pension between Rs 1,000 and Rs 5,000. This amount depends on the contribution of the customer and a minimum contribution of 42 rupees per month is fixed in it. Apart from this, the life partner gets a monthly pension on the death of the subscriber and the nominee gets a lump sum of Rs 8.5 lakh on the death of the subscriber and the spouse.
Through Startling, you will be able to apply pension easily and enjoy the benefits of pension.

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