Atal Pension Yojana- Big news for old age people. Working in old age is not a wish but a compulsion for many people. But, by investing in Atal Pension Yojna (APY) you can choose a respectable life for yourself. By investing a very small amount in this scheme, a guaranteed income of Rs. 1000 to Rs. 5000 can be obtained every month. The purpose of this pension scheme of the government is to make the elderly self-reliant and give them the right to a respectable life at that age. Indian men and women between 18 and 40 years can invest in it.

The Government of India has launched the Atal Pension Yojana especially for workers in the unorganized sector. Its main goal is to make the elderly above 60 years of age self-reliant in old age. After the age of 60, a guaranteed pension is received every month according to the plan chosen by the person. This scheme is operated by PFRFA i.e. Pension Fund Regulatory and Development Authority. Under this, investors get many benefits. Let’s know about them:

Benefits of Atal Pension Yojana

The investment amount is less if you start this scheme early. That is, the younger the age at which you start investing, the lesser will be the monthly contribution. In this scheme, investors can choose the option of monthly pension of Rs 1000, 2000, 3000, 4000 or 5000 as per their need. This is a government pension scheme. Your money is completely safe in this, because the Government of India gives full guarantee of the pension received in this. Investing in Atal Pension Yojana offers additional tax benefits of up to Rs 50,000 under section 80CCD (1B) of the Income Tax Act. On the death of the pensioner after the age of 60, the pension amount will be given to his/her spouse. On the death of both, the entire amount deposited is returned to the nominee.

Without these documents, you cannot apply for Atal Pension Yojana

Aadhaar card
Address Proof
Identification Card
Bank account number
10th mark sheet or birth certificate for age certificate
An active mobile number

You can apply from here

  1. You can also apply for the pension scheme from the website
  2. https://enps.nsdl.com/eNPS/NationalPensionSystem.html.
  3. After clicking on this link, go to the Atal Pension Yojana tab and click on APY Registration.
  4. After this, choose the option of new registration and after filling the form, click on Continue.
  5. Fill in your details in Complete Pending Registration and complete KYC.
  6. After this the Acknowledgement Number will be generated.