The Indian government runs numerous schemes, which benefit different sections of society. One such scheme is the Atal Pension Yojana, which is run by the central government. Currently, a large number of people are participating in and benefiting from the Atal Pension Yojana. This is an investment plan that requires investing for at least 20 years, and then, after the age of 60, you receive a pension of Rs 5,000 per month.

Who can join Atal Pension Yojana?

People who are citizens of India,
who are between 18 and 40 years of age,
who have a bank account,
who have Aadhaar linked to their bank account.
Who are not eligible?
Taxpayers, i.e., citizens who will pay (or have already paid) income tax from October 1, 2022, are not eligible for this scheme.

How to apply?
First, visit your bank and meet the relevant officer.
Your KYC is completed.
After this, you are provided with information about the pension plan and premium.
Your bank account is then linked to the scheme.
The scheme premium is deducted from this account every month.

How much investment is required and how much profit is received in this scheme?
Depending on your age and pension plan, you have to invest for at least 20 years.
For example, an 18-year-old needs to invest Rs 210 per month to receive a pension of Rs 5,000 per month.
However, a 30-year-old needs to pay a monthly premium of Rs 577 to receive a pension of Rs 5,000 per month.

PC- ibef.org