Everyone is worried about their old age. Everyone wants to keep earning every month without doing any work. He should not be short of money and should not spread his hands in front of anyone to fulfill his petty needs. For this, there is the government’s Atal Pension Yojana, in which you will not be short of money after retirement by investing a little.
By the way, there are many schemes of the central government which work to secure your future. But such a plan in which you do not need to invest a huge amount and you also get regular money of retirement. The name of such a scheme is Atal Pension Yojana.
Atal Pension Yojana is that central government scheme which has been named after former Prime Minister of the country Atal Bihari Vajpayee. This pension scheme has been prepared for the people working in the informal sector. By investing in which the investor can get a pension of Rs 1000 to Rs 5000 after retirement. This pension scheme can also be taken from the post office. Let us also tell you about this plan.
Age-wise Contribution: In Atal Pension Yojana, a pre-determined amount is deducted from the subscriber’s bank account as contribution to the retirement fund and the amount of contribution varies depending on the age of the subscriber and the choice of monthly pension. People between the age group of 18 to 40 years can take this scheme. It is very important for the applicant to have a savings account in the bank or post office. Each customer can take only one Atal Pension Scheme.
How much pension is available: Under this scheme, at present, five-monthly pension option is given. After 60 years, you have been provided with monthly pension up to Rs 1,000, 2,000, 3,000, 4,000 and 5000. After registration in this scheme, the amount chosen for premium will be deducted from your account on monthly, quarterly and half yearly basis. Its premium amount can vary from Rs 42 to Rs 1454. By the way, you can change the auto debit facility in the month of April.
Guaranteed Pension: This pension scheme guarantees a minimum pension. The government covers any shortfall in the actual return against the return received over the period of contribution. On the other hand, higher returns are paid to the subscriber. If a customer does not have money in the account by the due date of premium, then he can pay his installment even after a few days. In lieu of late payment of Rupees, the customer has to pay Re 1 charge on Rs 100. If your premium is Rs 500 then you will have to pay Rs 5 extra charge.
