You must have heard about many pension schemes. But do you know about Atal Pension? If not, then this news will be very useful for you. Actually Atal Pension Yojana is such a scheme, which can provide monthly pension to both husband and wife. Husband and wife together can get 10000 rupees every month under this scheme. Many people do not even know that the Modi government’s Atal Pension Yojana (APY) not only provides guaranteed pension up to Rs 5000 per month, but also allows your family members to apply for this scheme. This means that more than one member of the same family can apply for APY.
At least how old
The minimum age to apply for APY is 18 years. From this age one can get guaranteed pension of Rs 5000 per month by investing only Rs 210 per month till the age of 60 years. The specialty of this scheme is that if the husband and wife start investing even at the age of 30, then they will get a pension of Rs 10,000 per month after the age of 60 years.
know multiplication
If spouses who have attained the age of 30 years apply for APY, they will have to contribute Rs 577 per month separately to their APY accounts. In this way his daily contribution (577×2/30) will be Rs 38.4. Then on the age of 60 years, both will get a pension of Rs 5-5 thousand. That is, by combining both, you will be able to get Rs 10000 every month for the rest of your life.
There are more benefits
Not only monthly guaranteed pension, up to Rs 8.50 lakh is also given to the spouse of the subscriber of Atal Pension Yojana after the death of the subscriber. Also, in case of death of the subscriber, the spouse gets the same pension for life. This is a double benefit. Any citizen of India can subscribe to APY. But his age should be between 18 to 40 years.
Bank account required
For APY, the applicant must have a savings bank account / post office savings bank account. The bank will ask the applicants to provide Aadhaar and mobile number to facilitate getting updates on the APY account.
Central government contributes
Atal Pension Yojana is mainly focused on all the citizens of the unorganized sector. Explain that in this scheme, the central government also co-contributes 50% of the subscriber’s contribution or Rs 1,000 annually, whichever is less. Government contribution is available to those who are not covered under any statutory social security schemes and are not income taxpayers. This pension scheme is handled by the Pension Fund Regulatory and Development Authority. Under this pension scheme, subscribers get a guaranteed minimum monthly pension of between Rs 1,000 to Rs 5,000 per month.
