Atal Pension Yojana

Atal Pension Yojana

Atal Pension Yojana – The Government of India is concerned about the old age income security of the working poor and is focused on encouraging and enabling them to save for their retirement.

The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through NPS architecture.

You can receive a pension of 5000 rupees per month under this government scheme by following a few simple steps. The government has launched several innovative schemes for the benefit of the people, including the Atal Pension Yojana. This scheme offers a monthly pension of 5000 rupees. To find out who is eligible and how to benefit from this scheme, as well as the required documents, please read this article to the end for complete information.

About Atal Pension Scheme.

In today’s world, many individuals aspire to accumulate enough savings to maintain their independence in their later years. This growing concern for the future drives people to invest in innovative financial schemes. While most prefer investments that offer hassle-free, substantial returns, you might consider securing your future by joining the Atal Pension Yojana.

Know how much Rate you will get on your investment.

If you’re interested in investing in the Atal Pension Yojana, it’s important to note that a monthly contribution of Rs 210 to the scheme can provide you with an annual pension of Rs 60,000 (or Rs 5,000 per month) after you turn 60. Below is a chart detailing the pension amounts you will receive after the age of 60 based on different investment amounts and the age at which you start contributing.

Indian citizens are eligible to apply for this scheme. Applicants must be between the ages of 18 and 40. To apply, a bank account is required, and it is mandatory for the Aadhaar card to be linked to the bank account.

How to join APY scheme

To join this scheme, follow these steps:

1. Visit the official website: https://enps.nsdl.com/eNPS/NationalPensionSystem.html.
2. Click on the PY application and enter your Aadhaar card information.
3. Enter the OTP sent to your registered mobile number.
4. Determine the premium you need to pay based on your age and fill in the nominee details.
5. Finally, e-sign the form. After verification, your registration will be complete.