Atal Pension Yojana: On spending only 210 rupees every month, you get ₹ 5 thousand pension, work is done sitting at home

Atal Pension Scheme: With the intention of strengthening old age, the Modi government had started the Atal Pension Yojana. The specialty of this scheme is that it is much cheaper than different pension plans present in the market.

Atal Pension Scheme: If you have not taken any pension plan till now and you want such a plan in which you become entitled to get pension by paying less money, then Atal Pension Yojana of the central government will be right for you. Under this, a pension of 1000 to 5000 rupees is available every month on attaining the age of 60 years. In this, a person from 18 years to 40 years can invest in it.

Any person between 18 to 40 years can open an account

• How to open Atal Pension Yojana account can be opened by any person of 18 to 40 years.
• To join the scheme, it is necessary to have a savings bank account, Aadhaar and an active mobile number.
• You have to invest at least 20 years in the scheme.
• Investors can invest monthly, quarterly or semi-annually i.e. over a period of 6 months.
• Contribution will be auto-debited. The fixed amount will be automatically deducted from the account and will be deposited in the pension account.
• How much the amount will be deducted will depend on how much pension you want after retirement.
• In this, you will be able to claim tax benefit up to Rs 1.5 lakh under section 80C.

42 to 210 rupees can be deposited every month

• For a pension of Rs 1 thousand to Rs 5 thousand every month, the subscriber will have to pay Rs 42 to Rs 210. This will happen on taking the scheme at the age of 18 years.
• If a subscriber takes the scheme at the age of 40, then he will have to make a monthly contribution ranging from Rs 291 to Rs 1454 per month.
• The more contribution the subscriber makes, the more pension he will get after retirement. However, it will not exceed 5 thousand rupees. So the contribution will also be accordingly.

How to Open Atal Pension Account  

• You can open an account in any bank.
• You can download the Atal Pension Yojana form online.
• You have to fill this form and submit it to the bank branch.
• Along with this, you will also have to submit your mobile number and photocopy of Aadhar card.
• After the application is approved, you will get a confirmation message.

Account can also be opened online in SBI

• If you have an account with SBI Bank, then you can take advantage of this scheme through net banking.
• To apply, first you have to log in to SBI.
• After this, you have to click on the e-Services link.
• In the new window that will open, a link will be there in the name of Social Security Scheme. There you have to click.
• After that you will see 3 options, PMJJBY/PMSBY/APY. Here you have to click on APY i.e. Atal Pension Yojana.
• After that you have to fill your complete details. In which the correct account number, name, age and address etc. will have to be given.
• Which one are you choosing in pension options, like Rs 5000 monthly.
• After that your monthly contribution will be decided based on your age.