Every citizen of India is familiar with the name of Atal Bihari Vajpayee but very few people would know that there is a pension scheme running in the name of Atalji by the Government of India. So far more than 1 crore people have joined this scheme. This pension scheme was launched in the year 2015 in the month of May.
This pension plan will help you in your future as well. This plan guarantees you a fixed amount. Any person between 18 years to 40 years can join Atal Pension Yojana. The special thing about this scheme is that on investing only 210 rupees per month, the government will give 60 thousand rupees annually till death after the age of 60, that is, you will get five thousand rupees every month.
How much pension can you get?
After 60 years in this scheme, to get a pension of Rs 12 thousand per annum, you have to deposit Rs 42 per month. Five thousand rupees, 210 rupees have to be deposited till the age of 60 years for pension. A 40-year-old person has to deposit 291 rupees for a pension of one thousand rupees and 1454 rupees for a pension of five thousand rupees.
Advantages of this plan:
The investment amount per month in this scheme is very low which will not affect your money planning.
The more you have savings plans for the future, the more comfortable your life will be.
As this scheme is by Government of India there is no risk whatsoever and money is completely safe.
Anyone between the ages of 18 to 40 years can avail this scheme.
If you want to join this scheme and your age is 18 years then your investment limit is between 42 to 210 rupees per month. It means that if you invest 210 rupees per month, then after 60 years you will get 5000 rupees per month i.e. 60 thousand rupees per year.
But if your age is more than 18 years then the amount paid every month will increase and the money will have to be paid every month depending on the age. E.g. If you are 25 years old then you will have to pay 367 rupees per month and if you are 30 years old then you will have to pay 577 rupees every month, a 40 year old person will have to pay this amount 1454 rupees.
So your age is young means if you invest in this scheme from the age of 18 then only 210 rupees per month i.e. in 42 years you will have a total investment of 1.05 lakh rupees against which you will get 5000 per month for life after the age of 60 years.
On the other hand if your age is more then you have to pay more amount but the benefit will be same. If you start investing at the age of 40, you will have to pay approximately Rs 3.49 lakh for a 20-year account. Against which you will continue to get a benefit of Rs 5000 per month after the age of 60 years.
To avail this scheme, it is necessary to have a savings account in the bank and an Aadhaar card. In this scheme you can deposit the amount to be deposited every month or even every six months. In case of death of the beneficiary in the scheme, his husband or wife can take the benefit of the scheme by depositing the contribution in that account.
Drastically increase the number of account holders
Friends, let me tell you that the number of account holders of Atal Pension Scheme and National Pension System has increased. It has increased by 22 percent to 4.15 crore at the end of February 2021. According to the Pension Fund Regulatory and Development Authority, as of February, the number of account holders in various schemes in the year 2020 was 3.43 crore, which has increased to 4.14 crore.