Atal Pension Yojana: Most Preferred Government Scheme for Old Age, 8 Crore Accounts Opened

Atal Pension Yojana: If you are also thinking about financial planning for your old age, we will provide you with information about a scheme. This is a government scheme that offers guaranteed returns. If you want to save some money for your old age, you can take advantage of this scheme. This scheme is so popular that more than 8 crore people residing in India invest in it.

What is Atal Pension Yojana?

This scheme was launched by the Government of India in 2015, and since then, more than 8 crore citizens aged 18 to 40 years have joined it. If you invest in it, you will receive a monthly pension ranging from ₹1000 to ₹5000 after the age of 60, depending on your investment. Thus, you can secure your old age by investing in this scheme in time.

A Complete Security Shield is Atal Pension Yojana

Most people and families in India are relying on the Atal Pension Yojana to secure their old age completely. After joining this scheme, when you reach the age of 60, you will receive a pension ranging from ₹1000 to ₹5000 per month. This pension continues as long as you are alive. If you pass away, your spouse will benefit from this pension scheme.

Who is Eligible for Atal Pension Yojana?

Under this ambitious scheme of the central government, people who do not fall under the income tax bracket can apply. To apply for this scheme, your age should be between 18 and 40 years. If you don’t have a lot of money, you can start investing with a small amount. You can pay your premium amount every 3 months, 6 months, or annually. You will need to deposit installments regularly for a minimum of 20 years.

This scheme is very beneficial for people who have no support in their old age. In such cases, they can start a good investment in this scheme before the age of 40 and collect a substantial amount for their old age.

How to Register for Atal Pension Yojana?

To register under this scheme, you need to visit your nearest post office with your Aadhaar card, mobile number, and some other essential documents. Here, you can open an account under this scheme, or if you prefer, you can also start this scheme through your bank account.