The government’s thinking behind starting the Atal Pension Yojana is to guarantee the minimum pension to the premium holder. In this, pension can be found from 1 thousand to 5 thousand rupees.
If you want to get continuous pension after 60 years of age by paying less premium, then you should seriously consider the government’s Atal Pension Yojana. Because if you show understanding and deposit only 210 rupees in this scheme every month, then you can become entitled to a pension of 5 thousand rupees in your retiring age.
You can start investing like this
At the age of 18, if a person earns Rs 42 per month for 42 years, then he will get a pension of Rs 1,000. On the death of the account holder during the scheme, the nominee will get Rs 1.7 lakh. If the same 18-year-old person deposits Rs 84 per month till 42 years, then he will get a pension of Rs 2,000 per month. If the account holder leaves the world during this period, then the nominee will get Rs 3.4 lakh.
You will get this much pension
If an 18 year old subscriber deposits Rs 126 per month for 42 months, then he will get a pension of Rs 3,000 per month. In case of untimely death of the account holder, the nominee will get Rs 5.1 lakh. If a subscriber of 18 years contributes Rs 168 per month for 42 months, he will get a pension of Rs 4,000. After his death, he will get a pension of Rs 6.8 lakh. If the same 18-year-old customer deposits Rs 210 every month for 42 months, then he will get a pension of Rs 5,000. In case of untimely death, his nominee will get Rs 8.5 lakh.
Guaranteed minimum pension
In Atal Pension Yojana, the account holder has to deposit a minimum of Rs 42 and a maximum of Rs 210 per month. This means that if an account holder deposits even Rs 42 every month, then he will get a pension of Rs 1,000 after 60 years. Similarly, if a person deposits Rs 210 per month, he will get a pension of Rs 5,000 after 60 years. Any Indian citizen between the age of 18 to 40 years can join this scheme and contribute to old age pension. The government guarantees a fixed pension to the depositors under this scheme as you can get a fixed income every month even after depositing less money.
Account can be opened online
There is good news for the beneficiaries of Atal Pension Yojana (APY) or those who open an account in it. The Pension Fund Regulatory and Development Authority of India (PFRDA), the government agency running the Atal Pension Yojana, said that the scheme can now be linked online as well. To start a permanent pension scheme, either one has to go to the banks himself, connect through net banking or adopt any other digital method. But now PFRDA has added another big feature.
Anyone can join Aadhaar eKYC
PFRDA has made major changes in its process so that the benefit of Atal Pension Yojana can reach more and more people and more and more people can join it. Any person can join Aadhaar KYC to start Permanent Pension Scheme. Earlier this facility was not there. This feature will be completely paperless. No documents are required to start KYC. All this work will be done through XML based system. PFRDA had announced this on 27 October.
How to open aadhaar account with e-KYC
According to the PFRDA circular, if a person wants to do e-KYC with Aadhaar, then he will have to verify online by linking his Aadhaar number. Atal Pension account holders will be directly linked with the Central Record Keeping Agency through e-KYC. This will be an additional feature already available. This means that if a person wants to join Atal Pension Yojana without e-KYC, then there is no barrier for him. According to PFRDA, the accounts of all Atal Pension Schemes will be linked with Aadhaar and the Central Record Keeping Agency will provide facilities to the customers. There are both offline and online ways to link Aadhaar number.
