A smart investor starts investing right now to secure the future. There are many investments that mature after a certain period of time.
At the same time, some investment plans are for old age, which is given to the investor as a pension after the age of 60 years. One such scheme is that of Atal Pension Scheme (APY). Also Read: Good News: Increase in the salary of bank employees from August, know how much the central government has increased dearness allowance
What is the scheme: Atal Pension Yojana can be taken by any Indian citizen in the age group of 18-40 years who has a bank account. The most important thing about this scheme is that you can also invest a nominal amount of just Rs 42 every month. If you invest Rs 42 per month at the age of 18, then at the age of 60, you will get a pension of Rs 1000 per month. Let us tell you here that the contribution period will be 42 years. Only then will the pension be paid. Also read: Jan Dhan Yojana: Over 5 Crore Jan Dhan Accounts inactive, know why this happened and what will be the effect on you
The amount of pension depends on your contribution. The scheme provides a minimum guaranteed pension of Rs 1000 to Rs 5000 on attaining the age of 60 years. Secondly, on the death of the subscriber, the lifelong pension amount is guaranteed to the spouse and finally, in the event of the death of both the subscriber and the spouse, the entire pension amount is paid to the nominee. Also Read: Mid-Range Broadband Plans Of JioFiber, Airtel, BSNL
Number of account holders more than 2.8 crore: In the year 2015, Prime Minister Narendra Modi started this scheme. As of 31 March 2021, the number of account holders of the scheme was more than 2.8 crore. By the month of March, the number of account holders increased by about 33 percent and more than 77 lakh new customers were added to it.
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