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No matter how much retirement fund you accumulate, regular income is very important in old age. With this amount you can do all your important work. You do not have to depend on anyone else for small needs. Atal Pension Yojana is run by the government to provide regular income in old age. People whose income is not very high and who are not taxpayers can easily arrange a pension of ₹ 5000 per month for themselves by making a very small investment in this scheme.
Premium is determined according to age
How much you have to invest to get a monthly pension of Rs 5000 depends on your age. People between 18 to 40 years of age can invest in this scheme. Investment has to be made till the age of 60 years. You start getting pension after the age of 60 years. The younger you start investing, the lower the premium you will have to pay. If you start investing in this scheme from the age of 18 years, you will have to pay a premium of only Rs 210.
How much premium will people in the age group of 18-30 have to pay?
18 years: Rs 210 per month till 42 years
19 years: Rs 228 per month till 41 years
20 years: Rs 248 per month till 40 years
21 years: Rs 269 per month till 39 years
22 years: Rs 292 per month till 38 years
23 years: Rs 318 per month till 37 years
24 years: Rs 346 per month till 36 years
25 years: Rs 376 per month till 35 years
26 years: Rs 409 per month till 34 years
27 years: Rs 446 per month till 33 years
28 years: Rs 485 per month till 32 years
29 years: Rs 529 per month till 31 years
30 years: Rs 577 per month till 31 years 30 years
How much should I invest at the age of 31 to 40?
Rs 630 per month at the age of 31 for 29 years
Rs 689 per month from age 32 till 28 years
Rs 752 per month at the age of 33 for 27 years
Rs 824 per month at the age of 34 till 26 years 35 years
Rs 902 per month till the age of 25 years till the age of 36 years
Rs 990 per month for 24 years
Rs 1087 per month at the age of 37 for 23 years 38 years
Rs 1196 per month till the age of 22 years
At the age of 39, Rs 1318 per month for 21 years
At the age of 40, Rs 1454 per month for 20 years
how to open account
If you also want to apply under Atal Pension Yojana, then first open a savings account in any bank. If you already have a savings account in any bank, then you will have to take the application form of the scheme from there. Fill all the information correctly in the form like name, age, mobile number, bank account number etc. Attach all the necessary documents. After this submit the form to the bank. After this all your documents will be verified and your account will be opened under Atal Pension Yojana.
