Atal Pension Yojana: Apart from taxpayers, any person between 18 to 40 years of age can invest in this government scheme.
Retirement Planning: Many schemes are being run by the government to secure the future of the people. One of these is Atal Pension Yojana, which provides economic and social security to investors. This is one of the most popular schemes of the government. Under this scheme, a pension of Rs 5000 can be taken every month. Any person between 18 to 40 years can avail the benefits of this scheme.
Atal Pension Yojana is a risk free scheme, in which contribution is also made by the government. Atal Pension Scheme is operated by PFRDA. The main objective of this scheme is to protect the citizens from disease and accidents and this scheme is mainly offered for the unorganized sector in the country.
Who is eligible under Atal Pension Scheme?
Under this pension scheme of the government, taxpayers have been banned from investing from October 1, 2022 and now apart from them, any Indian citizen aged 18 to 40 years can apply under this scheme. However, to avail the benefit of this scheme, you must have a savings back account or a post office account.
How to take advantage of this scheme
To avail the benefits of Atal Pension Yojana, you can go to any bank branch or post office and open your account under this scheme there. Whereas if you want to apply online for this scheme, then for this you will have to complete some processes. First of all you have to apply for PRAN, which is a registration under NPS and then you have to fill the form under Atal Pension Yojana. After this you can contact the bank or post office.
How to get pension of Rs 5000
If you join under the scheme, you have to contribute monthly, quarterly and half yearly. Under this scheme, pension amount ranging from Rs 1,000 to Rs 5,000 is given. Suppose if a person joins Atal Pension Yojana at the age of 18 and invests Rs 210 every month i.e. Rs 7 per day, then after retirement he will get an amount of Rs 5000 every month. You will have to invest Rs 626 in a quarter and Rs 1239 in a half year.
