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Govt mulls raising pension limit to up to Rs 10,000/month under APY

“Currently, we have five slabs of pension from Rs 1,000-5000 per month. There have been a lot of feedback from the market asking for higher pension amounts because many people feel that Rs 5,000 at the age of 60 years, 20-30 years from now, will not be sufficient.We have placed this proposal with the government that it should be increased to up to Rs 10,000,” Contractor said.

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