Old age is an invariable truth, which comes in the life of a person. Therefore, people should invest in a safe place to keep their retirement secure. If you want to keep your retirement secure, then you can invest in the government’s Atal Pension Yojana. It will be very useful in your old age.
Under this scheme, husband and wife can get a pension of Rs 10,000 per month by opening separate accounts. This is a very good pension scheme for the citizens of India focused on the workers of the unorganized sector. Any Indian citizen in the age group of 18 to 40 years can invest in this scheme and get pension. In this scheme, the depositors start getting pension after the age of 60 years. Let us know about the benefits of this Atal Pension Yojana…
This is the scheme of Atal Pension Yojana
Under Atal Pension Yojana (APY) depositors can get monthly pension of minimum Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and maximum up to Rs 5,000. If a person invests Rs 210 per month, then he can get a pension of 60 thousand rupees annually i.e. up to five thousand rupees per month. However, this investment has to be made by the person from the age of 18 years.
How to get 10 thousand rupees pension?
To get a monthly pension of 10 thousand rupees, both husband and wife will have to open their account under this scheme. If the husband is 30 years old, then he will have to deposit Rs 577 in his APY account every month to get a pension of five thousand rupees. At the same time, if the wife is 25 years old, then she will have to contribute Rs 376 every month. In this way both husband and wife will jointly get a monthly pension of 10 thousand rupees.
Other benefits of Atal Pension Yojana
In addition to the monthly pension, if one of the spouses dies, the surviving partner will get Rs 8.5 lakh under the scheme. Along with this, he will also continue to get pension every month.
Atal Pension Yojana (APY) Account Opening Process
- Contact the bank branch/post office where the individual has a savings account or open a new savings account if the account is not available.
- Provide Bank/Post Office Savings Bank Account Number and fill up the APY Registration Form with the help of Bank employees.
- Provide Aadhar/Mobile Number. This is not mandatory, but may be provided to facilitate communication about the contribution.
- Make sure to keep the required amount in the savings bank account/post office savings bank account for transfer of monthly/quarterly/half yearly contributions.
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