What is Atal Pension Yojana Scheme?

Atal Pension Yojana(APY) is a simple pension yojana. It was previously is known as the swavalamban yojana scheme. This scheme has approved a government-backed pension scheme in India. Which is targeted at the unorganized sector? It was included in the 2015 budget speech by the Finance minister Arun Jaitley. This APY  Scheme was launched by Prime Minister Narendra Modi.

Who is eligible for Atal Pension Yojana?

This scheme is under the Government of India. The minimum eligible age for a people joining Atal Pension Yojana (APY) is 18 years and the maximum is 40 years. Register person would start receiving a pension on attaining the age of 60 years. The Minimus contribution of APY would be 20 years or More. 

How can you avail of the Atal Pension Yojana?

To take advantage of the Atal Pension Yojana (APY), you must be between 18 and 40 years old.
Atal Pension Yojana (APY) is a very beneficial social security scheme for people working in the unorganized sector. By investing in APY, you get a regular income to spend after retirement.

The central government started APY in May 2015. Earlier, there was no such scheme for people working in the unorganized sector.

After retiring from investing in the Atal Pension Yojana (APY), you can be entitled to a pension every month. The biggest feature of the APY scheme is that there is a provision to continue to benefit your family if you die prematurely.

In the event of the death of the person investing in the Atal Pension Yojana (APY), there is a provision for getting the pension to the children in the event of the death of his wife and wife. To get a lifetime pension after retirement, you have to invest in APY for a few years only. Along with your investment, the government also contributes on behalf of the Atal Pension Yojana (APY).

For whom is Atal Pension Yojana (APY)?

Any Indian can start investing in the Atal Pension Yojana (APY). You must have a bank account to participate in the Atal Pension Yojana (APY).

It is also necessary to be linked to the Aadhaar card to open an APY account. Atal Pension Yojana (APY) can be availed only to those people who are outside the income tax slab.

What is the age limit in APY?

For the Atal Pension Yojana (APY) people are divided into 6 parts. To take advantage of the Atal Pension Yojana (APY), you must be between 18 and 40 years old. To get a pension under APY, you have to invest for at least 20 years.

What is the Benefit of APY?

The sooner you join the Atal Pension Yojana (APY), the more benefit you will get. If a person joins the Atal Pension Yojana (APY) at the age of 18, then he will have to invest 210 rupees every month.

After retirement, from the age of 60, you will get a monthly pension of Rs 5000 every month.

For more information about Atal Pension Yojana (APY), you can visit this website: https://npscra.nsdl.co.in/

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