APY: We are telling you about a government scheme, by investing in which you can get a pension of up to Rs 5,000 in old age.
Atal Pension Yojana: The government keeps launching some scheme or the other for every section of the country. The name of one such scheme is Atal Pension Yojana. By investing in this scheme, you can secure your old age and get a pension of up to Rs 5,000 every month. The government provides the benefit of financial security to the people through Atal Pension Yojana. If your age is between 18 to 40 years and you want to get fixed income every month after the age of 60, then you can invest in the scheme run by the government.
You will get a pension of Rs 5,000 every month
Atal Pension Yojana is a social scheme, by investing in which you can get a fixed income after the age of 60 years. The government guarantees this scheme. In this scheme, you can get pension ranging from Rs 1,000 to Rs 5,000 depending on your investment. The special thing about this scheme is that to avail the benefit of pension, you need to invest for at least 20 years.
How much investment is required to get a pension of up to Rs 5,000?
If a person starts investing in Atal Pension Yojana only at the age of 18 years, then he will have to invest only Rs 7 per day i.e. Rs 210 per month. After this, you will get a pension of Rs 5,000 in old age. Whereas to get a pension of Rs 1,000, you need to invest only Rs 42 per month.
Both husband and wife can get the benefit of the scheme
The special thing about Atal Pension Scheme is that both husband and wife can avail the benefits of this scheme. In such a situation, by combining both, you can get the benefit of pension of Rs 10,000 every month. If one of the husband or wife dies, the other will get the pension benefit. After the death of both, the nominee will get all the money. This scheme was started by the government in the financial year 2015-16.
To avail the benefits of this scheme, you must have a bank account. Along with this, it is also necessary for you to have a mobile number. You can apply for Atal Pension Yojana by going to any bank. This scheme has more than 5 crore subscribers across the country.
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