Atal Pension Yojana: When the body does not support us in old age, our dependence on others for even small tasks increases. In such a situation, if you are financially strong then life is much better. If you also want to arrange regular income for your old age, then you can invest in the government’s Atal Pension Yojana.
Nowadays everyone has become very conscious about investment. In the matter of investment, it is said that the sooner you start it, the better you will be able to secure your future. Generally people add funds through investment, but still there is a worry about regular income because when the body does not support in old age, then dependence on others increases even for small tasks. In such a situation, if you are financially strong then life is much better.
If you also want to arrange regular income for your old age, then you can invest in the government’s Atal Pension Yojana (APY). Through this scheme of the Government of India, a monthly pension of up to Rs 5,000 can be obtained. However, how much pension you will get depends on your investment. Any Indian citizen who is not a taxpayer and whose age is between 18 years to 40 years, can contribute to this scheme of the government.
Save Rs 7 daily, arrange a pension of Rs 5,000
If you start investing in Atal Pension Scheme only from the age of 18, then you will have to invest only a small amount every month and at the age of 60, you can arrange a monthly pension of Rs 5,000. If you start investing in this scheme from the age of 18 years, then you will have to deposit Rs 210 in this scheme every month, that is, you have to save only Rs 7 per day. In old age, daily tasks can be easily accomplished with this amount.
How much to invest when above 18 years of age
- At the age of 19 years, Rs 228 per month,
- at the age of 20 years, Rs 248 per month,
- at the age of 21 years, Rs 269 per month,
- at the age of 22 years, Rs 292 per month,
- at the age of 23 years, Rs 318 per month,
- at the age of 24 years, Rs 346 per month,
- at the age of 25 years, Rs 376 per month,
- at the age of 26 years Rs 409 per month,
- at the age of 27 years Rs 446 per month,
- at the age of 28 years Rs 485 per month,
- at the age of 29 years Rs 529 per month,
- at the age of 30 years Rs 577 per month,
- at the age of 31 years Rs 630 per month,
- at the age of 32 years Rs 689 per month,
- at the age of 33 years Rs 752 per month,
- at the age of 34 years Rs 824 per month,
- at the age of 35 years Rs 902 per month,
- at the age of 36 years Rs 990 per month,
- at the age of 37 years Rs 1087 per month,
- at the age of 38 years Rs 1196 per month,
- at the age of 39 years Rs 1318 per month,
- at the age of 40 years Rs.1454 per month.
How to open an account
If you also want to apply under Atal Pension Yojana, then first of all open a savings account in a bank. If you already have a savings account in the bank, then you will have to get the application form of the scheme from there. Fill all the information correctly in the form like name, age, mobile number, bank account number etc. Attach all the necessary documents asked for. After this submit the form to the bank. After this all your documents will be verified and your account will be opened under Atal Pension Yojana.
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