Atal Pension Scheme: Schemes are run by the central and state governments for all sections. These schemes are for youth, women, farmers and elderly. One such scheme has been started by the Central Government, in which if you start depositing money from today, you can take pension from the age of 60 as long as you are alive. You will get this pension ranging from Rs 1 thousand to Rs 5 thousand every month. You will be surprised to know that for this you will have to spend only Rs 42.
How much pension do you get?
The name of this scheme is Atal Pension Yojana (APY). This is a pension scheme for all citizens of India focused on workers in the unorganized sector. Under this pension scheme, at the age of 60 you can get a pension of Rs 1000, 2000, 3000, 4000 or 5000 per month. You will get pension according to the amount you invest every month. Any citizen of India can take advantage of this scheme.
What are the conditions of application?
The age of the person applying for this pension scheme should be between 18 to 40 years. That means after 40 years you will not be able to apply for this scheme. The applicant must have a bank account. After giving Aadhaar number and phone number at the time of enrolment, you will get all the information about your account.
How much pension on how much investment?
Now if you deposit just Rs 42 every month from the age of 18, you will get a pension of Rs 1000. Whereas if you invest Rs 84, you will get Rs 2,000 as pension. Similarly, on paying Rs 210, you will be given a pension of up to Rs 5 thousand every month. However, the amount to be deposited every month will depend on your age. If you apply for the scheme at the age of 40, then you will have to pay Rs 1454 every month for a pension of Rs 5 thousand.
Now if someone invests in this scheme from the age of 30 and due to some reason he dies before the age of 60, then the husband or wife will get the same pension. If both of them die, the entire amount will be given to the nominee.
