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Are you also looking for a pension plan for retirement? Such a pension scheme in which investment has to be reduced and more pension can be received. There are many pension schemes for the organized sector in the country but the government is running a pension scheme for the unorganized sector.
By investing around Rs 200 every month, you can get a pension of up to Rs 60,000 annually. That means you will get a pension of Rs 5,000 every month for the rest of your life. Here we are telling you the complete calculation of Atal Pension Yojana that how much pension you will get on how much investment.
By investing Rs 210 every month, you will get a pension of Rs 60,000 throughout your life.
If you are associated with the unorganized sector, then by depositing Rs 210 every month, you can get a pension of Rs 60,000 annually for life. If you invest Rs 210 every month from the age of 18, then after 60 years you will get a pension of Rs 5000 every month and Rs 60,000 annually.
The name of this government scheme is Atal Pension Yojana in which a guaranteed pension is given every month. The government guarantees pension 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 monthly. That means then you will have to pay Rs 12,000 annually.
What is Atal Pension Yojana?
Keeping in mind the security of income after retirement, the government has brought Atal Pension Yojana in the Budget 2015-16. Through this scheme, the government is encouraging the 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 run by the Pension Fund Regulatory and Development Authority (PFRDA).
These are the rules of Atal Pension Yojana
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 under 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 a young age.