Atal Pension Yojana- To secure the future, people join many types of schemes and invest in them. In such a situation, Atal Pension Yojana of the Central Government is one of them. Today, the Atal Pension Yojana of the Central Government has become the strongest financial shield for old age for crores of people of the country. So far, 8 crore people of the country have joined this scheme. Which is being considered a special achievement.
What is Atal Pension Yojana?
Atal Pension Yojana was launched by Prime Minister Narendra Modi on 9 May 2015. Which was implemented from 1 June 2015. The objective of this scheme is to provide financial security to the poor and unorganized sector workers after retirement.
In such a situation, any Indian citizen between the age of 18 to 40 can join this scheme. After joining this scheme, the investor has to contribute till a fixed age. Then after the retirement of the investor i.e. after the age of 60, he is given a monthly pension ranging from Rs 1000 to Rs 5000.
This scheme has been designed to provide a complete security cover to any person and his family in old age. The customer joining this scheme is given a monthly pension of Rs 1000 to Rs 5000 after the age of 60 years. This pension lasts for life. At the same time, after the death of the customer, his spouse continues to get pension. Not only this, after the death of the spouse, a collected amount is returned from the family to the nominee. Due to which the family continues to get financial support and there is no reduction in income. In such a situation, this scheme is not only a support for old age but also becomes a support in the financial condition of his family after untimely death.
Who can take advantage?
Only those who do not pay tax can take advantage of the Central Government’s Atal Pension Scheme. Any citizen between the age of 18 and 40 years can join this scheme. Customers joining the scheme can start investing even with less money. According to their convenience, customers can contribute every month, three months or six months. But the customer will have to make regular contributions for 20 years. This scheme is very beneficial for those who are not associated with any permanent employment or pension. Also, those who do not have any strong means for old age.
How can you register for Atal Pension Yojana?
To join this scheme, it is necessary to have a bank account. Also, the bank account should be linked to the Aadhar card. You will be asked for the mobile number linked to Aadhar and the necessary documents. After this, auto-debit will be set to automatically deduct a fixed amount from the account every month, 3 months or 6 months. You can also join this scheme through a bank or post office.