Atal Pension Yojana February Update: Better interest is also being received on the Central Government’s Atal Pension Yojana. It is a guaranteed pension plan. Today we are going to tell you about a very hit scheme of the Government of India (Atal Pension Scheme). The name of this scheme is Pradhan Mantri Atal Pension Yojana (APY). If you are looking for a better plan, then Atal Pension Yojana can prove to be the best option.
After investing in this Atal Pension Yojana, you will get a pension of Rs 5,000 every month after the age of 60 years. A large number of people in the country are investing in this APY Pension Scheme (Atal Pension Scheme) of the Government of India. Any citizen of the country can apply for this pension scheme of the Government of India.
Any Indian citizen between the age of 18 to 40 years can participate in Atal Pension Yojana. In this APY Pension Scheme (Atal Pension Scheme), it is necessary to deposit money monthly for at least 20 years. How much to contribute every month depends on your age
Benefits of APY Pension Scheme
Any Indian citizen of minimum 18 years can join this Atal Pension Yojana. At the age of 18, he will have to contribute Rs 210 per month for a maximum pension limit of Rs 5000. Joining the APY Pension Scheme (Atal Pension Scheme) at the age of 25 years is Rs 376 per month, while for 30 years this contribution has to be Rs 577, for 35 years Rs 902 and for 39 years Rs 1318. If pension accounts are opened for both husband and wife, they will have to separate this contribution. Atal Pension Yojana February Update
Women have taken immense benefits: Atal Pension Yojana February Update
The number of its subscribers has reached close to 4.01 crore. In the financial year 2021-2022 alone, more than 99 lakh people have subscribed to the Atal Pension Yojana. This information has been given by the Pension Fund Regulatory and Development Authority (PFRDA). A large number of women are also associated with this scheme. So far 44 percent women have taken advantage of the APY Pension Scheme (Atal Pension Scheme). Along with this, the age of 45 percent pension beneficiaries is less than 45 percent.
Apply for Atal Pension Yojana
- The steps given below should be followed to avail the benefits of Atal Pension Yojana:
- All nationalized banks and post offices offer the APY scheme. Individuals can visit these banks to open an APY account.
Account opening forms are also available online on the Bank’s websites. Individuals can download the application form.
The application form is available in English, Telugu, Tamil, Odia, Marathi, Kannada, Gujarati and Bengali.
- Filled application form has to be submitted to the bank.
- A valid mobile number must be provided.
- Aadhar card photocopy has to be submitted.
- On approval of your APY Pension Yojana application, you will receive a confirmation message
income tax exemption
The special thing about this Atal Pension Yojana is that after investing in it, you also get exemption under Section 80C of Income Tax. In this, a minimum of Rs 1,000 and a maximum of Rs 5,000 monthly pension can be received. On the death of the subscriber, the pension amount is given to the nominee. Under this APY Pension Scheme (Atal Pension Scheme), investment has to be made for at least 20 years.
Information about Atal Pension Yojana
This pension scheme was started by the Modi government of the Center on 9 May 2015. The benefits of this scheme can be availed from the age of 18 to 40 years. Under this APY Pension Scheme (Atal Pension Scheme), after the age of 60 years, the subscribers will get a minimum pension of Rs 1,000 and a maximum of Rs 5,000. Along with this, if a subscriber dies before 60 years, then in such a situation the total money deposited will be returned to the nominee of the Atal Pension Yojana subscriber.