City
Epaper

Atal Pension Scheme : Save Rs 7 daily and get Rs 60,000 pension

By Lokmat English Desk | Updated: November 24, 2022 17:01 IST

Open in App
1 / 7
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
2 / 7
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.
3 / 7
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.
4 / 7
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.
5 / 7
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.
6 / 7
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.
7 / 7
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.
Tags: Atal Pension Scheme
Open in App

Related Stories

NationalPension Increased: 50 percent more pension after govt's new announcement

National Realted Stories

NationalHM Amit Shah inaugurates 'Swadeshotsav 2025' in Ahmedabad to promote indigenous heritage & entrepreneurship

NationalIndia and Russia reaffirm commitment to countering terrorism, call for actions against UN-listed terror groups

NationalMahaparinirvan Diwas 2025: Lesser-Known Facts About Dr. BR Ambedkar That Will Inspire Today’s Youth

NationalUP STF busts Rs 100 crore loan fraud racket, 8 arrested including mastermind

NationalWants to turn Murshidabad into Ayodhya: Islamic cleric slams sacked Trinamool MLA against polarising discourse