Instead of depending on others for every small need in old age, it is better that you start investing in some schemes from the time of employment itself which will provide you monthly income in old age. Know about one such scheme here-
Senior citizens Saving Scheme: After retirement, regular income is required to fulfill the daily needs. What will you do if you do not have any pension arrangement? Obviously, you will have to depend on others for every single task. It is better that you start investing in some schemes for yourself from the time of employment itself, which will provide you income every month in your old age.
For this, the government’s Atal Pension Yojana can prove to be an excellent scheme. People from the age of 18 to 40 years can invest in this scheme. The younger you start investing, the smaller the premium you will have to pay. If someone starts investing in this scheme from the age of 18, the cost of the premium will be less than the price of a cup of tea. However, only those people can invest in this scheme who are not taxpayers. Know about this scheme here.
If you save Rs 7 daily, you will cover the cost of the premium
If you start investing in Atal Pension Scheme at the age of 18, you will have to pay a premium of only Rs 210 every month. 210/30=7 i.e. you will have to save Rs 7 every month. If you drink a cup of tea in the market, it costs at least Rs 10. In this way, the cost of premium is less than a cup of tea every day. In this way, by saving Rs 7 every day, you can arrange a pension of Rs 5,000 for yourself at the age of 60.
How much premium will have to be paid for age above 18 years
- Rs 228 per month for 19 years
- Rs 248 per month for 20 years
- Rs 269 per month for 21 years
- Rs 292 per month for 22 years
- Rs 318 per month for 23 years
- Rs 346 per month for 24 years
- Rs 376 per month for 25 years
- Rs 409 per month for 26 years
- Rs 446 per month for 27 years
- Rs 485 per month for 28 years
- Rs 529 per month for 29 years
- Rs 577 per month for 30 years
- Rs 630 per month for 31 years
- Rs 689 per month for 32 years
- Rs 752 per month for 33 years
- 824 rupees per month at the age of 34 years
- 902 rupees per month at the age of 35 years
- 990 rupees per month at the age of 36 years
- 1087 rupees per month at the age of 37 years
- 1196 rupees per month at the age of 38 years
- 1318 rupees per month at the age of 39 years
- 1454 rupees per month at the age of 40 years
How to open an account
If you also want to apply under Atal Pension Yojana, then first open a savings account in a bank. If you already have a savings account in a bank, then you will have to get the application form of the scheme from there. Fill all the information like name, age, mobile number, bank account number etc. correctly in the form. Attach all the required documents. After this, submit the form in the bank. After this, all your documents will be verified and your account will be opened under Atal Pension Yojana.
