Atal Pension Yojana: Secure Rs 5,000 monthly pension in retirement with just Rs 210 investment, check scheme

Atal Pension Yojana is a government-backed scheme offering Rs 5,000 monthly pension with minimal investment. Ideal for non-taxpayers and low-income individuals, it ensures financial security in old age.  

ZeeBiz WebTeam | Oct 01, 2024, 09:14 PM IST

Atal Pension Yojana (APY) is a government initiative designed to provide financial independence post-retirement. With a minimal monthly investment starting at Rs 210, individuals between 18 and 40 years can secure a guaranteed Rs 5,000 pension after 60. The scheme is particularly beneficial for non-taxpayers and low-income earners, ensuring regular income in old age. Applying is simple—just open a savings account, fill out the form, and invest according to your age to ensure a stable, dignified retirement.

 

1/10

Guaranteed Pension

Guaranteed Pension

The scheme offers a monthly pension of Rs 5,000 by investing as little as Rs 210 per month, providing financial security after retirement.

2/10

Eligibility

Eligibility

Open to individuals aged 18 to 40 years. Investment continues until the age of 60, after which the pension starts.

3/10

Low-Income Focus

Low-Income Focus

Ideal for non-taxpayers and individuals with lower incomes who want to ensure a steady income during old age.

4/10

Age-Dependent Premium

Age-Dependent Premium

The premium amount varies based on the age you start investing. Younger investors pay a lower premium.

5/10

Early Start Benefits

Early Start Benefits

By starting at the age of 18, the monthly premium is just Rs 210. The later you start, the higher the premium.

6/10

Premium Range

Premium Range

For those starting between 18 and 30 years, the premium ranges from Rs 210 to Rs 582 per month. For 31 to 40-year-olds, it ranges from Rs 630 to Rs 1,454 per month.

7/10

Government-Backed:

Government-Backed:

The scheme is a government initiative designed to provide regular income and reduce financial dependence during old age.

8/10

How to Apply

How to Apply

Open a savings account in any bank, fill out the Atal Pension Yojana form, submit the required documents, and the account will be activated after verification.

9/10

Financial Independence

Financial Independence

Helps individuals manage expenses without relying on family members, ensuring dignity in retirement.

10/10

No Lump-Sum Payments

No Lump-Sum Payments

The scheme is focused on providing a consistent monthly income rather than a one-time payout, making it ideal for those looking for stability in retirement.

 

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x