Under Atal Pension Yojana (APY), a person can get a maximum of 5000 rupees a month i.e. 60 thousand rupees annually.
Under Atal Pension Yojana (APY), a person can get a maximum of 5000 rupees a month i.e. 60 thousand rupees annually.
New Delhi: Every person’s salary is not necessary for lakhs, but even after retirement, everyone will need at least 10000 rupees for the expenditure of 2 people. We are talking about people working in low income (LIG) and unorganized sector. For such people, the government had launched the Atal Pension Yojna. Well, under Atal Pension Yojna (APY), any person can get maximum 5000 rupees monthly i.e. 60 thousand rupees annually, but the benefit of this scheme can be extended to 2 people of the same family i.e. if 2 people of the family ( Those who can be husband and wife), if they join the scheme, then a monthly pension of 10 thousand rupees can come in the house.

Now the question arises that how much investment will have to be made under this scheme and what are the other rules related to it, then you should read this article to know them so that you too can spend your retirement comfortably.

(APY), is a pension scheme focused on the unorganized sector workers for citizens of India. Under APY, a minimum pension of Rs 1,000 / – or 2,000 / – or 3000 / – or 4000 or 5000 / – per month at the age of 60 will be guaranteed on the basis of contribution by customers. Any citizen of India can join APY scheme.

Atal Pension Yojana Rules and eligibility criteria: 
  •  Under this scheme, any person of 18-40 years old can join. That is, if you fall in the age group, then you can take advantage of this scheme.
  •  A Savings Bank Account should be in Post Office / Savings Bank
  • An effective applicant can provide Aadhaar and mobile numbers to the bank during registration to facilitate receiving updates from time to time in the APY account. However, the Aadhaar card is not mandatory for enrollment.
  • Under this scheme, you can make your contribution quarterly, half-yearly, or annually.
  • Monthly Rs 376 will have to be paid for 5 thousand pensions i.e. if you have 2 people If you are joining the scheme then you have to save 752 rupees every month. This way you 9024 will have to be invested in the whole year. Instead of which you have to retire At the age of 10 thousand monthly pensions will be started.

Pension requirement:
  • A pension provides a monthly income to peoples when they are not earning money.
  • Potential earnings decrease with age
  • Rise of the nuclear family – migration of earning member
  • Cost of living increase
  • This investment can make the future of your children better. You will not have to worry about it from studies to marriage.
  • Its biggest advantage is that if the scheme holder dies suddenly, then the family continues to benefit from it. There is a provision of guaranteed pension up to Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000 in this special pension scheme.
  • Increase longevity
  • Fixed monthly income ensures dignified life in old age

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