Atal Pension Yojana: Today everyone is worried about retirement. In such a situation, as soon as one gets a job, one starts saving. Retirement is a time when you have to depend on someone else financially. If you want to get monthly income after retirement, then Atal Pension Scheme can help you. Under this scheme, people get monthly income.
A small amount has to be invested in this scheme. The amount invested in it remains safe. Because it is a government-backed scheme. The government started this scheme on 9 May 2015. For information, let us tell you that Atal Pension Scheme is handled by the Pension Fund Regulatory and Development Authority.
Under this scheme, a minimum pension of Rs 1000 to Rs 5,000 will be provided every month at the age of 60 years. In this scheme, the investment amount has been fixed according to different ages. At the same time, after the death of the holder, the husband or wife starts receiving pension. Apart from this, on the death of both the husband and wife, the amount deposited by the customer is given to the nominee.
Age limit for Atal Pension Scheme
For information, let us tell you that a person aged 18 to 40 years can easily avail the benefits of Atal Pension Scheme. After registering in this scheme, one should contribute for at least 20 years. Pension return is provided after the customers turn 60 years old.
Eligibility for Atal Pension Scheme
Talking about the eligibility of the applicant for Atal Pension Scheme, the applicant should be a citizen of the country. At the same time, the age of the applicant should be between 18 years to 40 years. At the same time, contribution can be made for at least 20 years. Apart from this, the account should be linked to the bank.
How to apply in the scheme
Let us tell you that you can apply offline in Atal Pension Scheme. The form of this scheme is available online and in the bank. You can avail the scheme from all nationalized banks. To apply for this scheme, download the form from the official website. There is no provision for online application in APY scheme.
For this you will have to go to the bank. After this, fill the form and submit it in the bank. Along with this, submit the photocopy of the Aadhar card. After all the details are approved, you start getting the benefits of the scheme.
