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100 FAQ's on Basic Finance

Module Units

Atal Pension Yojana (APY)

It is a pension scheme introduced by the Government of India specifically for the unorganised sector. Individuals in the organised sector who do not get pension benefits can also invest in the scheme. The age range is from 18 to 40 years, and one has to invest for a minimum of 20 years. Tax exemption is also available under Section 80CCD of the Income Tax Act, 1961.

It is very helpful for senior citizens to cope up with day-to-day requirements in post-retirement life.

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Units 43/101