Atal Pension Yojana: Are you also looking for a pension plan for yourself in which you can get more pension with less investment? If you are also associated with the unorganized sector and have not invested in any other pension scheme, then you can take advantage of the government scheme.
Atal Pension Yojana: Are you also looking for a pension plan for yourself in which you can get more pension with less investment? If you are also associated with the unorganized sector and have not invested in any other pension scheme, then you can take advantage of the government scheme. The government is running Atal Pension Yojana in which any employee or worker associated with the unorganized sector can get pension. By investing Rs 210 in Atal Pension Yojana, you can get a pension of Rs 5,000 per month. That is, you can get a pension of Rs 60,000 annually for your entire life. Let us know the benefits of this government scheme.
You will get pension of Rs 60000 in just Rs 210
By depositing just Rs 210 every month, you can get a maximum pension of Rs 5,000 every month after retirement i.e. after 60 years. Guaranteed pension is available under the government run Atal Pension Yojana. According to the rules, if a maximum of Rs 5,000 is added for monthly pension at the age of 18 years, then you will have to pay Rs 210 every month. If you pay the same amount every three months, you will have to pay Rs 626 and if you pay every six months, you will have to pay Rs 1,239. To get a pension of Rs 1,000 per month, if you invest at the age of 18, you will have to pay Rs 42 per month.
Benefits of Atal Pension Yojana
The government brought the Atal Pension Scheme in the Budget 2015-16 keeping in mind the security of income in old age. The government encourages common people, especially those associated with the unorganized sector, to save as much as possible. People associated with the unorganized sector also have to be protected from the risk of not having income after retirement. The scheme is run by the Pension Fund Regulatory and Development Authority (PFRDA).
Will get pension of Rs 60,000 annually
Under Atal Pension Yojana, customers get pension ranging from Rs 1,000 to Rs 5,000 every month. The Government of India guarantees the minimum pension benefit. The central government contributes 50 percent of the subscriber’s contribution or Rs 1,000 annually, whichever is less. Government contributions are paid to people who are not covered under any statutory social security scheme and are not taxpayers. Under the scheme, pension of Rs 1,000, 2000, 3,000, 4,000 and 5,000 is available. Investment also depends on the amount of pension. You get more benefits if you join at a young age.
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