Atal Pension Yojana, a social security scheme launched by the central government for the people of the unorganized sector, has created a new record. Atal Pension Yojana (APY) is a guaranteed pension scheme supported by the Government of India and administered by the PFRDA (Pension Fund Regulatory and Development Authority). Let us tell you that this scheme was launched on 9 May 2015. Enrollment under APY crossed 3.30 crore till 25 August 2021.
5000 rupees pension will be given every month
Let us tell you that Atal Pension Yojana is a good option to ensure pension by investing less rupees. Recently, under the Atal Pension Scheme, the government guarantees a pension of Rs 1000 to Rs 5000 per month after 60 years. Under Atal Pension Yojana, a monthly pension of Rs 1,000 to Rs 5,000 will be given after retirement on fixed monthly contribution to the account. The government is guaranteeing a pension of Rs 5000 per month i.e. Rs 60,000 per annum after the age of 60 on investing just Rs 1,239 every 6 months.
210 rupees have to be deposited every month
As per the current rules, if you want to get Rs 5000 in monthly pension at the age of 18, you have to deposit Rs 210 per month in the scheme. If the same rupees are given every three months, then 626 rupees have to be deposited and 1,239 rupees have to be paid in six months. To get a pension of Rs 1,000 if you invest at the age of 18, you have to pay Rs 42 per month.
Joining at a younger age will get more benefits
Suppose if you join at age 35 for 5k pension, you have to deposit Rs 5,323 every 6 months for 25 years. In such a situation, your total investment will be 2.66 lakh rupees, on which you will get a monthly pension of 5 thousand rupees.