Indian Today is the birthday of powerful political leader Atal Bihari Vajpayee. He was born on 25 December 1924 in Gwalior. There is a wonderful government scheme in the name of Atal Bihari Vajpayee. The name of this scheme of the Government of India is Atal Pension Scheme. This scheme guarantees a minimum monthly pension of Rs 1000,2000,3000,4000 or Rs 5000 per month after the age of 60 years. The most important thing is that in this scheme you have to pay a nominal premium. Here you can arrange your pension for just Rs 7 per day. Let us know some important things about this scheme.
- Indian citizens, whose age is between 18 to 40 years, can open an account in Atal Pension Yojana.
- With effect from October 1, 2022, any citizen who is or has been an income tax payer (under the Income Tax Act, 1961) is not eligible to join the APY Scheme.
- You can open an account in Atal Pension Yojana through any bank branch or post office or through the digital service of the bank.
- In this scheme, you can deposit the premium on monthly, quarterly or half-yearly basis through auto debit facility through your savings account.
- In this scheme, you will get a lifetime minimum guaranteed pension of Rs 1000 to 5000 after the age of 60 years.
- If the account holder dies, the same pension amount will be received by the account holder’s wife/husband.
- In case of death of the spouse, the nominee will get a refund of the pension amount deposited for 60 years.
- Account holder transaction statement and Pran card www.npscra.nsdl.co.in>>Home>>Atal Pension Scheme >> Print APY
- You can view and download it for free by going to e-PRAN/Transaction Statement View.
- Account holders can upgrade or downgrade the pension amount anytime. Also, the time of premium payment can be changed to monthly, quarterly or half-yearly.
Pension up to Rs 5000 in just Rs 7 per day
Modi government had started Atal Pension Yojana in the year 2015. More than 6 crore beneficiaries have joined this scheme so far. The objective of the government behind starting this pension scheme is to provide social security in old age to every section of the country. The pension amount in this scheme depends on the amount of your premium. According to the Pension Fund Regulatory and Development Authority (PFRDA), if you are 18 years old and invest only Rs 7 every day i.e. Rs 210 per month, then after the age of 60 years you can get a monthly pension of Rs 5000.
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