Government Pension Scheme for Senior Citizens

National Pension System (NPS)

The NPS offers a retirement safety net, regulated by PFRDA. Join NPS between 60-65, stay till 70. Achieve financial stability and market-based returns. Objectives: old age income, long-term gains, universal coverage.

Indira Gandhi National Old Age Pension Scheme (IGNOAPS)

For 60-79 years, BPL citizens receive Rs. 300/- monthly. At 80, it grows to Rs. 500/-. No contributions needed for this pension scheme. Just steady assistance. Monthly stipend for BPL seniors.

Atal Pension Yojana (APY)

Secure social security for all, especially unorganized sector workers. Get Rs. 1000 - Rs. 5000 monthly pension. Age 18-40, contribute smartly. Income-tax payers not eligible after Oct 1, 2022.

Varishtha Pension Bima Yojana

Administered by LIC, enjoy guaranteed 9% p.a. pension with monthly payouts. Government covers shortfalls through subsidies. Withdraw deposit after 15 years.