Comparison of Atal Pension Yojna(APY) with Natonal Pension Yojna (NPS)
If you've still not made your tax investments for this fiscal year, here are two schemes that may offer you additional benefits over and above the limit of Rs. 1,50,000 that is allowed under Section 80C of the Income Tax Act. National Pension System (NPS) and Atal Pension Yojana (APY) are two options for you. Both are government-run pension schemes with different features. While Atal Pension Yojana is focused on the unorganized sector, NPS is for all. Besides, entry age, contribution, returns and tax treatment are different too. Financial planners say one should make a decision based on the features that suit them best as per their personal needs. But to be able to make that decision, one has to learn the basic differences between pension schemes APY and NPS. Atal Pension Yojana (APY) National Pension System (NPS) Age The minimum required age to subscribe to both the Atal Pension scheme and NPS is 18 years. However the upper age limit varies. F...