Atal Pension Yojana: Everyone wants to avoid financial difficulties. To achieve this, people save money in various ways and invest in various schemes. For example, some keep their money in their bank accounts, while others invest in fixed deposits. However, many people save money through other methods as well.
For example, if you want to save some money this Diwali or Chhath Puja, you can invest, and this investment can be for your future. Under this scheme, you can receive a monthly pension of up to 5,000 rupees after the age of 60, for which you need to invest in the Atal Pension Yojana. So, let’s learn about the Atal Pension Yojana and how you can invest in it.
How to invest in APY?
If you want to apply for this Atal Pension Yojana, then for this you have to go to your bank.
You have to go here and meet the concerned officer.
Then your KYC is done and your name is added to the scheme.
After this, you have to choose the pension plan that you want at the age of 60, whether it is Rs 1000-5000 per month.
Then your bank account is linked to this Atal Pension Yojana.
After this, the premium of the plan is deducted from your bank account every month.
Eligibility
If you want to apply for the Atal Pension Scheme, you should know that it applies to Indian citizens between the ages of 18 and 40, and those who do not pay taxes, i.e., those who are outside this category. If you are on this list, you can join this scheme and receive a pension in old age. To invest in the Atal Pension Yojana, you must invest based on your age. For example, if an 18-year-old wants a monthly pension of Rs 5,000 after the age of 60, they need to pay a premium of Rs 210 per month. Similarly, individuals of other ages also need to pay a very low premium to receive their pension.