Atal Pension Yojana Get monthly pension of Rs 5,000 by investing in THIS scheme
What is Atal Pension Yojana?
According to the Government of India portal www.india.gov.in, Atal Pension Yojana (APY) is a pension scheme for the citizens of India focused on workers in the unorganized sector. Under APY, a minimum pension of Rs 1,000 to Rs 5000 per month at the age of 60 years will be given depending on the contribution made by the subscribers. Any citizen of India can join the APY scheme. Let us know about the information related to the scheme.
How to invest?
As per APY’s website, any Indian citizen whose age is 18 to 40 years is eligible to take advantage of Atal Pension Yojana. Also, the candidate wishing to take advantage of the scheme must have a savings account in any bank, bank or post office. If you start investing in this scheme from the age of 18, then to get the guaranteed monthly benefit of Rs.1,000, you have to invest Rs.42 in this scheme every month. At the same time, to get a guaranteed pension of Rs 5,000, you will have to invest Rs 210 in this scheme every month.
How to open account?
To open your account under Atal Pension Yojana, you have to go to the bank where you have your savings account, fill the APY registration form, as well as provide your Aadhaar and mobile number. It is important to have the amount available in your savings account for every month’s installment.