Atal Pension Yojana: Atal Pension Yojana (APY) has completed 10 years. Prime Minister Narendra Modi started this scheme on 9 May 2015. Under the Atal Pension Yojana, on turning 60, one gets a monthly pension of Rs 1,000 to Rs 5,000. If you want to arrange a pension for yourself after retirement, then Atal Pension Yojana (APY) can be the right option. Through this scheme, you can give financial security to your old age.
We Are Telling You About This Scheme
Investment has to be done for 20 years under the Atal Pension Yojana. When turning 60, one gets a monthly pension of Rs 1000 to Rs 5000. A person between 18 and 40 years old can invest in it. If a person takes this scheme, they must invest for at least 20 years. The amount of investment will be decided according to your pension.
The amount deducted from your investment in this scheme will depend on how much pension you want after retirement. The subscriber will have to pay 42 to 210 rupees to get a monthly pension of 1 to 5 thousand rupees.
This will happen only when the scheme is taken at 18. On the other hand, if a subscriber takes the scheme at the age of 40, then he will have to contribute from 291 to 1,454 rupees per month. The more subscribers contribute, the more pension they will get after retirement.
If a person aged 18 deposits 42 rupees monthly, they will get a pension of 1000 rupees every month after 60 years. If he deposits 84 rupees, he will get a pension of 2000 rupees. If he deposits 126 rupees, he will get a pension of 3000 rupees. If you deposit 168 rupees, you will get a pension of 4000 rupees.
If You Deposit Rs 210, Then You Will Get A Pension Of Rs 5000
If a 40-year-old person deposits Rs 291 monthly, they will get a pension of Rs 1000 every month after 60 years.
If you deposit Rs 582, you will get a pension of Rs 2000.
If you deposit Rs 87,3, you will get a pension of Rs 3000.
If you deposit Rs 1164, you will get a pension of Rs 4000.
If you deposit Rs 145,4, you will get a pension of Rs 5000.
Different amounts have been fixed for people between 19 and 39. You can find out more about it online or by visiting the bank.
You can pay for instalments at your convenience. Under this scheme, investors can invest monthly, quarterly, or half-yearly, i.e., over 6 months. The contribution will be auto-debited, i.e., the fixed amount will be automatically deducted from your account and deposited into your pension account.
