APY how is this?
- Thread starter Dew
- Start date
Pahulpreet Kaur
KF Mentor
APY is no longer available as an option for investment IMO, and anyway I dont think so it's a good option to go for. Rather go for NPS. APY is a good option mostly for people who work in unorganised sector
If you start at a young age, opening for both APY and NPS will be a wise option. A monthly deposit for API is just a few 100 rupees at an early age and it's a good option for people with minimal money. NPS is suitable for people who can invest a little more and are ready to take risks in the market.
anuragmukherjee28
KF Mentor
yeah I have opt for APY and I pay 228 rupees , just to try this and and I will get a guaranteed minimum pension of ₹1,000 per month (actual amount can be more ) upon reaching the age of 60 which is not bad I guess.
financial12345
KF Mentor
I think it Wil not beat the inflation as well
anuragmukherjee28
KF Mentor
I have not invested it to beat the inflation,I have just invested to diversify my portfolio and to try out new schemes
financial12345
KF Mentor
Far better than this is NPS
anuragmukherjee28
KF Mentor
Great
, will invest when I get a permanent job.Pahulpreet Kaur
KF Mentor
I had invested in APY two years ago, after paying its premiums for 1.5 years i realised it not worth it. Also, it is mostly a good option for the unorganised sector. So I opted out of APY Scheme and invested money in NPS
