Atal Pension Yojana: In today’s busy life, everyone wants to secure their future, especially when there is no assurance of a job or income. In such situations, people seek various options for life after retirement. Some people invest, while some focus on government schemes. Many schemes are run by the government for the common man, which aims to give them financial security.
Some schemes are for the elderly, some for the youth, but among all these, Atal Pension Yojana (APY) is a scheme that is beneficial for people of every class. Through this scheme, you can get a monthly pension after retirement by depositing a fixed amount every month. Some conditions and minimum age limit have also been fixed to join this scheme, but the most important thing is that some documents are very important for this, without which you will not be able to apply.
Why is it an investment for your future
Atal Pension Yojana is a Social Security Scheme, that aims to provide financial security to unorganized sector workers in old age, although now it is available to people of all classes. It gives you the option of getting a monthly pension of ₹ 1,000 to ₹ 5,000 after the age of 60, which depends on your monthly contribution. The government also contributes a portion of your contribution, making this scheme even more attractive. It is a long-term investment that can make your retirement worry-free.
Documents required for APY
You will get the benefit of this scheme only if you have all the required documents. If the documents are incomplete, it becomes difficult to open an account. Therefore, it is better that you keep all the necessary documents ready in advance so that you do not have to visit the bank or post office again and again.
To join Atal Pension Yojana, you will need these main documents:
This is the first and most important document.
Aadhaar Card
Copy of your bank passbook or bank statement.
Proof of your current address is also required such as an electricity bill, bank passbook, ration card, or Aadhaar card (if the address is correct in it) are acceptable as valid proof.
Passport Size Photo
Mobile Number
How to apply and what is the process?
If you are seriously thinking about your retirement and want to join this scheme, then first of all prepare all the documents mentioned above. After this, the application process becomes very simple:
Go to your nearest bank branch or post office where this scheme is available.
Get the Atal Pension Yojana application form from there and fill it out carefully. All the information should be accurate.
Attach photocopies (xerox) of all the required documents with the filled form and take the original documents for verification.
Give your consent for auto-debit in the form, so that the contribution amount is automatically deducted from your bank account every month.
Submit the form and documents to the bank/post office official.
In this way, it will be easy for you to apply and you will also save time.