Atal Pension Yojana: If you invest Rs 210 every month from the age of 18, then after the age of 60 you can get a pension of Rs 5,000 every month.
Atal Pension Yojna: Recently, the central government has launched a new pension scheme for government employees, named Unified Pension Scheme (UPS). Central employees now have the option to remain in the National Pension Scheme (NPS) or adopt the new scheme UPS with guaranteed pension. Now the question arises that which pension scheme is there for private employees or unorganized sector employees in the country. For such people, there is an option of pension under EPS-95, NPS, Atal Pension Yojana (APY) etc. For now, in this news, we will learn about Atal Pension Yojana.
Atal Pension Yojana is an important pension scheme launched by the central government in the year 2015. The purpose of this scheme is to provide financial security to people working in the unorganized sector after retirement. In this scheme brought keeping in mind the low income people, even a small contribution regularly can get a decent monthly pension after retirement.
The premium is cheaper than a cup of tea
Under the Atal Pension Yojana, if you invest Rs 210 every month from the age of 18, then after the age of 60, you can get a pension of Rs 5,000 every month for life and Rs 60,000 annually. If you look at the daily expenditure of Rs 210, it comes to just Rs 7.
Provision of pension from Rs 1,000 to Rs 5,000
Under the Atal Pension Scheme, you can get a pension of Rs 1,000 to Rs 5,000 per month. The amount of pension in the scheme depends on the investment made by you. For example, if you want a monthly pension of Rs 1,000 and start investing from the age of 18, then you will have to contribute only Rs 42 every month.
Who can invest
People from 18-40 years can invest money in it. Under the scheme, a subscriber is guaranteed a monthly pension of Rs 1,000 to Rs 5,000 based on their contribution after completing the age of 60 years. If the subscriber dies, then their pension amount is given to their spouse.
PFRDA runs Atal Pension Yojana
Atal Pension Yojana is run by the Pension Fund Regulatory and Development Authority. Being a government scheme, there is also safety of money in it.
