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Any Indian citizen between the age of 18 to 40 years can open Atal Pension Yojana. The scheme is administered by the Pension Fund Regulatory and Development Authority through NPS architecture. Under this scheme, there is guaranteed minimum pension for subscribers ranging between Rs. 1000 to Rs. 5000 per month.

There are no insurance benefits in the Atal Pension Yojana scheme. This scheme is for workers in the unorganized sector (maids, gardeners, drivers, etc). It helps workers to save money for their old age while they are working and guarantees returns for their retirement. The subscriber would have to make monthly contributions towards the scheme depending

Investing in the Atal Pension Yojana, a pension scheme that is aimed at the unorganized sector qualifies you for income tax benefits. So if you are contributing to the Atal Pension Yojana, you are eligible for the same income tax benefits as the National Pension System. Under Section 80CCD(1), investment in Atal Pension Yojana or National Pension System

In the Atal Pension Yojana scheme, once the subscriber dies, his/her spouse will receive the exact pension amount. After the death of the subscriber's spouse, the nominee of this account gets a corpus amount.

Getting into a saving investment scheme will always help in the long run. Saving up money for future needs is always a necessity because when you are facing off with a financial emergency, it will help you a lot. One such investment scheme is the Post Office Monthly Income Scheme (POMIS) which was introduced by the Indian Postal Service.

Public Provident Fund (PPF) is a saving schemes offered by the Government of India. It can be opened through any bank in India. The interest rate on the PPF account is revised every quarter. Generally, the interest rate ranges between 7% to 8%. It has a fixed tenure of 15 years up to which you cannot make any withdrawals. However, there is one exception that partial withdrawal can be made after 7 years of tenure.

Though you can send money to your usual savings account in India, it is against the law and you will be penalised for the transaction if it comes to the notice of the officials. After residing in a foreign country for more than 185 days, your resident status changes and you will be considered a Non-Resident Indian.

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