Atal Pension Yojana Get Rs 5,000 Per Month Pension By Just Paying Rs 248 Per Month
Atal Pension Yojana: If You want a Fixed Amount After Retirement and You work in an Unorganized Sector Then APY Yojana is for You. You need to just Invest Rs 248 Per Month and after attaining 60 Year age you will Start Getting a Rs 5,000 Per Month Pension.
Why APY Scheme Launched?
APY Scheme is launched by the Pension Fund Regulatory and Development Authority. This Scheme is Launched for the Low Income Group. In this, a person can get a fixed amount of pension after 60 years. Under the scheme, A Person gets a pension between Rs 1,000 and Rs 5,000 after the subscriber turns 60 years. This Pension Amount is according to the contribution made by the Pensioner.
Also, Read- Benefits of Atal Pension Yojana
Benefits of APY Scheme
1– If an Investor gets Deceased then Nominee will get 50% Pension.
2– Since this Scheme is for the Low-income group so Premium is also Low.
3– Tax Exemption up to 1.5 Lakh Rupees under 80c in this scheme.
4– Auto- Debit Facility is also there. A Fixed Amount is deducted From Bank Account and gets deposited in Pension Account.
5– After the Subscriber attains the Age of 60 Years. Subscriber will start getting Pension of Rs 1,000- Rs- 5,000.
How to Invest in Atal Pension Yojana.
Offline Mode– Visit Bank in which you have Your Savings Bank Account. After visiting tell your bank that you want to open Pension Account under APY. Your bank will open your account Under Atal Pension Yojana.
Online Mode– Currently Aadhar Based Registration in Atal pension yojana (APY) is Disabled.