Government of India has given many benefits to the citizens of India. Plans are underway. Many of these schemes have been run to provide financial benefits to the citizens. One of these schemes is in the name of former Prime Minister of India, Bharat Ratna Shri Atal Bihari Vajpayee. Prime Minister of India Narendra Modi had implemented this scheme in the year 2015. What happens in this scheme, how can you take benefit of this scheme. Let us know in this news.
Who can get the benefit of this scheme
The government runs different schemes to strengthen every citizen of the country economically. Keeping this in mind, Atal Pension Yojana was started in the government. Under the Government of India Atal Pension Yojana, only Indian citizens between the age of 18 to 40 years can open an account. Any citizen of India who is or has been an income tax payer can avail the benefits of this scheme from October 1, 2022. He cannot take advantage of this scheme.
How to take benefit
Accounts can be opened for Atal Pension Yojana through any bank branch or post office or digital service of the bank. In this scheme of the Government of India, you can deposit the premium through your savings account through auto debit facility for one month, three months or six months. Under this scheme, you will get a lifetime minimum guaranteed pension of Rs 1000 to 5000 after the age of 60 years. Account holders can upgrade or downgrade the pension amount anytime. Also, you can change the time of premium payment to monthly, quarterly or half-yearly.
