Atal Pension Yojana: Under the Atal Pension Yojana, beneficiaries can get pension benefits of up to Rs 5,000 every month. This scheme was launched by the government in the year 2015.
Atal Pension Yojana: The central government keeps coming up with different schemes for every section of the country. In order to give relief to crores of people from old age tension, the government has started Atal Pension Yojana in the year 2015. Under this scheme, by depositing a fixed amount every month, account holders can get Rs 60,000 annually i.e. monthly pension of Rs 5,000. We are giving you the details and eligibility of this scheme (APY Details).
What is Atal Pension Yojana?
This is a government-backed pension scheme specially designed for poor or low-income people. People aged 18 to 40 who are not taxpayers can invest in this scheme. Under the scheme, you can get a pension ranging from Rs 1,000 to Rs 5,000. It is worth noting that there are more than 5 crore beneficiaries in this scheme.
How much to invest
Under the Atal Pension Yojana, people aged 18 to 40 years can get a monthly pension ranging from Rs 1,000 to Rs 5,000 by investing in the scheme. If you invest Rs 42 per month at the age of 18, you will get Rs 1,000 as pension after the age of 60. Rs 84 to get Rs 2,000 pension, Rs 126 to get Rs 3,000 pension, Rs 168 to get Rs 4,000 pension and Rs 210 to get Rs 5,000 pension per month . It is worth noting that this is an investment-based pension scheme, in which you get the benefit of pension according to the amount deposited.
Should the beneficiary die before 60?
If a beneficiary dies before 60 years, then in such a situation his life partner will continue to get the benefit of pension. On the other hand, if a person’s spouse also dies, then in such a situation the nominee gets the benefit of a lump sum amount.
How to take advantage of the scheme
- You can open this account in any bank or post office.
- First of all go to the bank or post office and fill the application form.
- After this enter your Aadhaar number and mobile number.
- After this, submit your bank details so that every month a certain amount is automatically deducted from that account and deposited in the scheme.
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