If you save only Rs 210 a month, then you can become entitled to get pension after 60 years. For this you have to register in Atal Pension Yojana. This Pension Yojana is becoming very popular since its launch. The Pension Fund Regulatory and Development Authority (PFRDA) has said that the number of subscribers of various pension schemes increased by 24 percent to 4.63 crore by the end of September 2021. The pension regulator said in a statement that in the same month a year ago, the total number of subscribers in pension schemes regulated by PFRDA stood at 3.74 crore.
Atal Pension Yojana was started by the central government in 2015. In this, those working in the unorganized sectors are getting the benefit of the pension scheme. It covers people between the ages of 18 and 40. To take advantage of the scheme, it is necessary to be an Indian citizen, to have an account in a bank or post office, Aadhaar card and mobile connection.
calculation of premium
In APY, pension is available from Rs 1000 to Rs 5000 per month. If you deposit a premium of Rs 210 every month, then you will get a pension of Rs 5000 on this amount. Whereas if you deposit Rs 42 a month, then after 60 years you will get a pension of 1000 rupees. If you deposit Rs 84 a month, then after 60 years you will be entitled to a pension of Rs 3000.
According to PFRDA, the assets under management (AUM) in various pension schemes regulated by the tribunal increased by 34.84 per cent to Rs 6,67,379 crore as on September 30 from Rs 4,94,930 crore at the end of September 2020.
National Pension System (NPS) and Atal Pension Yojana (APY)
PFRDA operates two pension schemes – National Pension System (NPS) and Atal Pension Yojana (APY). As per PFRDA data, the total number of subscribers under APY grew by 32.13 per cent to 312.94 lakh as on September 30, 2021.
