Atal Pension Yojana is a safe scheme. On investment in this, you can get a pension of one to five thousand every month. It has to be invested for 20 years.
If you are worried about your post-retirement financial stability, then you should start investing from today itself. In such a situation, the government’s Atal Pension Yojana (APY) can prove beneficial for you. You can start investing in this with a small amount. In return, you can get a fixed amount every month. The government also contributes to this scheme.
Highlights of the scheme
Atal Pension Yojana is a better option to secure the future. Under this scheme, one can get monthly pension from one thousand to five thousand rupees every month. You have to invest for 20 years in this scheme. To take advantage of the scheme, the age of the applicant should be between 18 to 40 years.
Benefits of the scheme
Auto debit facility is available under Atal Pension Yojana. In which subscribers can direct deposit their savings every month, quarter or every half yearly installment. In the scheme, on the death of the investor, his family or nominee gets pension. The benefit of the scheme is mainly for the employees of the unorganized sector. Applications under the Atal Pension Yojana can be made both online and offline.
How to get 60 thousand rupees
Under Atal Pension Yojana, pension can be found according to different contributions. If someone has started investing in 18 years and deposits 42 rupees every month, then such person will get 1000 rupees monthly pension. Similarly, for the monthly pension of 2000, Rs 84 will have to be contributed every month. Similarly, to get Rs 5,000 per month i.e. Rs 60,000 annually, you have to deposit Rs 7 daily i.e. Rs 210 every month.
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