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Atal Pension Yojana: You are planning to invest in a pension plan. Are you looking for an investment option in which the investment amount is low and you get pension throughout your life? If you are also from the unorganized sector then you can invest in this pension scheme of the government. Under the government's Atal Pension Scheme, a pension of Rs 60,000 will be given every year. Know the benefits of Atal Pension Yojana here…
Rs 5000 monthly pension
By depositing just Rs 210 every month, you can get a maximum pension of Rs 5,000 every month after retirement i.e. after 60 years. That means you will have to save only Rs 7 daily. The name of this government scheme is Atal Pension Yojana in which guaranteed pension is given every month. According to the current rules, if a maximum of Rs 5,000 is added to the monthly pension at the age of 18, you will have to pay Rs 210 every month. If you pay the same amount every three months, you will have to pay Rs 626 and if you pay every six months, you will have to pay Rs 1,239. To get a pension of Rs 1,000 per month, if you invest at the age of 18, you will have to pay Rs 42 per month.
Atal Pension Yojana
Keeping in mind the security of income in old age, the government has brought Atal Pension Scheme in the budget 2015-16. Through this scheme, the government is encouraging common people, especially those associated with the unorganized sector, to save as much as possible. People associated with the unorganized sector will also have to be protected from the risk of no income after retirement. The scheme is being operated by the Pension Fund Regulatory and Development Authority (PFRDA).
atal pension calculation
Under Atal Pension Yojana, customers get pension ranging from Rs 1,000 to Rs 5,000 every month. The Government of India guarantees minimum pension benefits. The central government contributes 50 percent of the subscriber's contribution or Rs 1,000 annually, whichever is less. Government contributions are paid to people who are not covered by any statutory social security scheme and are not taxpayers. Under the scheme, pension of Rs 1,000, 2000, 3,000, 4,000 and 5,000 is available. Investment also depends on the pension amount. You get more benefits if you join at an early age.