Retirement Planning: Many schemes are being run by the government to secure the future of the people. One of these is the Atal Pension Yojana, which provides economic and social security to the investors. This is one of the most popular schemes of the government. Under this scheme, a pension of Rs 5000 can be taken every month. Any person in the age group of 18 to 40 years can take advantage of this scheme.
Atal Pension Yojana is a risk free scheme, in which contribution is also made by the government. Atal Pension Yojana is operated by PFRDA. The main objective of this scheme is to protect the citizens from disease and accident and this scheme is mainly introduced for the unorganized sector in the country.
Who is eligible under Atal Pension Yojana
Under this pension scheme of the government, taxpayers have been banned from investing from October 1, 2022, and now apart from these, any Indian citizen of 18 to 40 years can apply under this scheme. However, to take advantage of this scheme, you must have a savings back account or a post office account.
How to take advantage of this scheme
To take advantage of the Atal Pension Yojana, you can go to any bank branch or post office and open your account there under this scheme. On the other hand, if you want to apply online in this scheme, then for this you will have to complete some process. First one has to apply for PRAN, which is a registration under NPS and then fill the form under Atal Pension Yojana. After this you can contact the bank or post office.
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How to get pension of Rs 5000
If you join under the scheme, you have to contribute monthly, quarterly and half-yearly. Under this scheme, pension amount ranging from 1 thousand to 5000 rupees is given. Suppose if a person joins the Atal Pension Yojana at the age of 18 and invests Rs 210 every month i.e. Rs 7 per day, then he will get an amount of Rs 5000 every month after retirement. At the same time, Rs 626 will have to be invested in the quarter and Rs 1239 in the half year.