Atal Pension Scheme : Save Rs 7 daily and get Rs 60,000 pension
By Lokmat English Desk | Published: November 24, 2022 05:01 PM2022-11-24T17:01:25+5:302022-11-24T17:01:25+5:30
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If you are worried over post-retirement financial stability, you need to start making investment today onward. Atal Pension Yojana (APY) is a popular scheme. You need to invest
Atal Pension Yojana was launched by Prime Minister Narendra Modi on 9 May 2015. So far, more than 3.68 crore subscribers have joined Atal Pension Yojana, investing a few hundred every month for a better retirement.
According to Pension Fund Regulatory and Development Authority (PFRDA), the organisation that administers Atal Pension Yojana and several other pension schemes, more than 65 lakh subscribers have joined the scheme in the ongoing financial year.
The minimum age to start investing in Atal Pension Yojana is 18 years while the maximum age is capped at 40 years. Investors can opt for a minimum monthly pension of Rs 1000 to a maximum of Rs 5000.
Investors aged 18 years can start investing Rs 210 per month for 42 years to start receiving Rs 5000 monthly pension from the time they retire.
The investment of Rs 210 per month translates to Rs 7 per day. In a year, the investor will receive a Rs 60,000 pension.
However, an investor will need to pay the premium of Rs 210 per month without any fail to start receiving a Rs 5000 monthly pension once the individual turns 60. Step 1: Go to the Atal Pension Yojana’s official website- https://enps.nsdl.com/eNPS/NationalPensionSystem.html website.Step 3: Enter personal and Aadhaar card details. Step 4: Verify the information with OTP verification. The OTP will arrive on the mobile number linked to the Aadhaar Card.Step 5: Enter bank account details - account number and IFSC code. Step 6: The account will be activated after the process is completed. Step 7: Enter nominee details and select the premium payment option.Step 8: E-sign the form, and your Atal Pension Yojana registration will be completed.
