Everyone wants to make their future secure and convenient. If you are also looking for a good pension plan for old age, then today we are going to talk about such a scheme. Right now, many types of pension schemes are operating in the country. Today we are going to give information about a pension scheme, in which after the age of 60, the husband and wife will get a pension of five thousand rupees each. Today we are going to give you information about the Atal Pension Scheme.
Atal Pension Scheme 2024
People from 18 to 40 years of age can invest in this government scheme. If you apply at the age of 18 in this scheme, you will have to invest 210 rupees every month. If the husband invests with his wife, then both will get a pension of five thousand rupees each.
For this, both have to invest 210 + 210 = 420 rupees every month. This investment will have to be made by both husband and wife till the age of 60. After this, both will get pensions. This will support the old age of both.
What is the Atal Pension Yojana?
The scheme is a government-backed pension program designed to provide Indians with a stable income after retirement, mainly targeted at the unorganized sector. The scheme guarantees a monthly pension ranging from Rs 1,000 to Rs 5,000, as well as tax benefits. The government contributes to this scheme for risk-free investment. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), the Atal Pension Yojana is a voluntary savings mechanism that encourages individuals to save for their retirement, ensuring that they can face illnesses, accidents, or diseases in later life without financial worry.
Who can apply
1. To be eligible for the Atal Pension Yojana, applicants must be Indian citizens between the ages of 18 and 40 years.
2. The applicant must have an Aadhaar-linked bank account.
3. Should not be part of any other social security scheme.
4. Applicants must make a commitment to contribute to APY for at least 20 years.
5. Swavalamban scheme beneficiaries who transfer to APY are also eligible.
How to apply
1. Applicants can obtain the APY account opening form from the participating bank branches or download it from the official websites of these banks or PFRDA.
2. This process involves filling out the form, submitting it to the bank, and providing a photocopy of the mobile number and Aadhaar card.
3. The form is available in multiple languages for a wider reach. Once the application is approved, applicants receive a confirmation message.