Atal Pension Yojana: Start Early, Invest Less, Get More – ₹5000 Pension Guarantee

Atal Pension Yojana: Nowadays the people are getting worried about their pensions in old age. Now you can get rid of these worries, and you can start your investment of only Rs 7 per day. In the Atal Pension Yojana, the government scheme of the government you will start receiving an amount of rupees 5000 every month as a minimum guaranteed pension.

Under this government Yojana scheme, in the last financial year 202425, approximately 1.17 crore new subscribers has joined in the scheme due to which the total number of subscribers has reached 7.6 crores. The popularity of this Yojana is constantly increasing day by day.

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Currently the government is s having the assets more than 44780 crore rupees in this scheme. Currently in the government is giving 9.1% of the annual return on the investment. As per the information provided by PFRDA, approximately 55% of the new subscriber who has joined in the last financial year were women.

What’s unique about the Atal Pension Yojana?

The Atal Pension Yojana has been launched for the people working in the unorganised sector. In this scheme, the people are going to receive a guaranteed pension of rupees 1000 to 5000 per month, depending on the contribution they have made up to the age of 60 of their age.

In this scheme, after the death of the subscriber, the pension will be given to the spouse of the subscriber, even if the spouse of the subscriber has expired. Depending on the nominee, the deposited amount will be credited to the nominee.

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Who is eligible to benefit from the Atal Pension Yojana?

For the Atal Pension Yojana, any Indian citizen can apply for it. This particular scheme gives you the guarantee that are monthly pension will be provided to the subscriber.

Any citizen who falls under the age of 18 to 40 can avail of this scheme. And once the subscriber has reached the age of 60 years they will start getting the pension on a monthly basis.

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How is the pension calculated?

Your pension scheme is calculated according to the age you started and the amount of money that you are investing. This is how the pensions are calculated, depending on the age and depending on the amount that people are investing in them.

Suppose a person is 18 years old and he is depositing Rs 210 per month, so after the age of 60 years, the user will start getting the pension of Rs 5000 every month Also, this pension is exempted under 80C tax exception.