You will get a pension of up to Rs 5,000 every month by investing in Atal Pension Yojana.
This scheme is for the people working in the unorganized sector.
People in the age group of 18-40 years can invest in this scheme.
New Delhi. In old age, pension acts as your support in a way. It gives you a way to live life with dignity. That’s why people want that they continue to get an assured pension after retirement. The Atal Pension Yojana, launched by the Central Government in the name of former Prime Minister Atal Bihari Vajpayee, can help you a lot in this. You can build a large pension fund by depositing small amounts every month. People up to 18-40 years of age can invest in this scheme.
In Atal Pension Yojana, you have to deposit money for at least 20 years. Your monthly installment will depend on your age. Atal Pension Yojana has gained a lot of popularity in a very short time. Let us tell you that this scheme was started for the people of the unorganized sector. Let us know about this scheme in detail.
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how much pension will you get
The government has prescribed 5 slabs for pension. These slabs are Rs 1,000, 2000, 3000, 4,000 and Rs 5,000 per month. You will have to make your investments according to this pension slab. The investment amount and your age will determine how much pension you will get after maturity. If you want a pension of Rs 5,000, then from the age of 18 you have to deposit Rs 210 every month. If you want a pension of Rs 5,000 by starting investment at the age of 25, then you have to deposit Rs 376 every month. Those in 30 years will have to deposit Rs 577, those in 35 years will have to deposit Rs 902 and depositors of 39 years will have to deposit Rs 1318.
After October 1, 2022, no such person will be able to invest in this scheme, which pays income tax. A notification in this regard has been issued on August 10. On or after October 1, the income tax payer who applies for this scheme will open the account, his account will be closed and the pension money deposited in the account will be returned to the subscribers.
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How many people joined?
So far 4 crore people have joined the Atal Pension Yojana. This scheme was started by the central government in the financial year 2015-16. This scheme was started especially for those people who are not able to take benefit of any other government pension. In just 6 years, this scheme has reached 4 crore people. 99 lakhs joined this scheme only in the last financial year. According to the Pension Fund Regulatory and Development Authority, by the end of FY 2022, 4.01 crore people were investing in this scheme. Of these, 44 per cent were women. At the same time, 45 percent of the subscribers were in the age group of 18-25 years.
Will also pay through UPI
Now the account holders of Atal Pension Yojana will also be able to contribute to the account through UPI. Earlier this deposit was done through IMPS / NEFT / RTGS only. With the introduction of the new payment service, account holders will have more convenience in making payments because through UPI you can make payments at any time of the day.
Tags: Atal Bihari Vajpayee, Atal pension, pension fund, pension scheme
FIRST PUBLISHED : August 16, 2022, 17:31 IST