The central government has been preparing various schemes to protect the country’s youth from the old age. So that everyone can get full benefits. Atal Pension Yojana (APY) has been started by the government for old age people.
New Delhi . Atal Pension Yojana (APY) has been started by the Modi government to keep the lives of the old people of the country safe. To join this scheme, the central government has set a target of adding about one crore people to the Atal Pension Yojana during the financial year 2021-22. If you want to see your old age happy then you can secure future through ‘Atal Pension Yojana’, by investing very little in this pension scheme you can arrange a fixed amount every month after 60 years of age Seeing the benefit of this government pension, crores of people have joined it. Know the benefits of Atal Pension Yojana
The purpose of the central government is that every section can get the benefit of Atal Pension Yojana (APY), for this, the government has set a target of connecting about one crore people to the Atal Pension Yojana during the financial year 2021-22. . According to the Pension Fund Regulatory and Development Authority (PFRDA), 39.80 lakh people have joined this scheme in the first 6 months of this year. In which 44% of the people joining this scheme are women.
Any citizen of India can open an account in Atal Pension Yojana (APY). The most important thing about this scheme is that the sooner you start investing in it, the more funds will be deposited. Accordingly, the pension amount will also be received.
Criteria set for Atal Pension Yojana
The age of the customer should be between 18 to 40 years.
The applicant should have a savings bank account with a post office/savings bank to be linked with the APY account.
Prospective applicant may provide Aadhaar and mobile number to the Bank during registration to facilitate the receipt of updates from time to time. However, Aadhar card is not mandatory for enrollment.
Investment in Atal pension yojana
Under this scheme, you have to invest for at least 20 years, after which you get regular income for expenses. According to the scheme, a minimum monthly pension of Rs 1,000 and a maximum of Rs 5,000 can be received.
Under Atal Pension Yojana, if an 18-year-old youth joins Atal Pension Yojana, then after 60 years, if he wants a pension of Rs 5000, then he will have to deposit Rs 210 in this scheme every month. The biggest advantage in this scheme is that one who joins this scheme at the age of 18 years and invests Rs 210 every month, then his annual contribution will be Rs 2520. In 42 years, this contribution will become Rs 105840. After this, from the age of 60, you will get a pension of Rs 5000 every month.
