One of the important schemes of Prime Minister Narendra Modi (PM Modi), Atal Pension Yojana has emerged as a revolutionary scheme for the elderly. So far more than seven crore people have joined this scheme. In such a situation, let us tell you in detail about the Atal Pension Yojana (APY Scheme), through which the elderly will get five thousand pensions every month.
Pension facility at the age of 60 years
The central government started the Atal Pension Scheme for Indian citizens on 9 May 2015. Under this scheme, the citizen gets the facility of a pension at the age of 60 years. This scheme is for the workers of the unorganized sector, the poor, and the deprived in India, which is regulated by the Pension Fund Regulatory and Development Authority.
It is necessary to invest for 20 years.
For Atal Pension Yojana (Atal Pension Yojana calculator), the age should be between 18 to 40 years. It is necessary to invest in it for 20 years. Apart from this, he should have a savings bank account in a post office or savings bank. Under the scheme, the beneficiary is given a pension of Rs 1,000 to Rs 5000 per month. This pension will be available only at the age of 60 years.
Fee to invest from Rs 42 to Rs 210
However, the beneficiary is allowed to invest from Rs 42 to Rs 210 in this scheme. The age of those investing in the scheme is 40 years and he has to invest in the scheme ranging from Rs 291 to Rs 1,454.
Financial help to the family on the death of the beneficiary before the age of 60
If the beneficiary dies before the age of 60, then his family will get financial help. They will have to continue investing in the beneficiary's pension fund. However, they will also have another option they can withdraw the amount present in the account.
Atal Pension Yojana can be applied online and offline. To avail of the benefits of this scheme, you will have to contact the nearest banks. After this, you can take advantage of the scheme (Atal Pension Yojana benefits).
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