Atal Pension Scheme : By saving just Rs 7 per day, you will get a pension of Rs 5000 every month on retirement.

Atal Pension Scheme The government launched Atal Pension Scheme in 2015 to provide financial support in old age. If you save Rs 7 every day, you will have Rs 210 at the end of the month and by investing this money every month for 42 years, you can get a monthly pension of Rs 5000. Read what is the complete news.

It is not hidden from anyone how important pension is in old age. In such a situation, the government had started Atal Pension Yojana in the year 2015 to provide financial assistance in old age to the people working in the unorganized sector of the country.

Any citizen of the country can invest in this scheme, it is not necessary that he belongs to the unorganized sector. Under Atal Pension Yojana, if you save just Rs 7 every day, you can ensure a monthly pension of Rs 5000 after 60 years. Let us know what you need to do.

How much will have to be invested every month?

According to Pension Fund Regulatory and Development Authority, if you are 18 years old and you save Rs 7 every day, then you will have Rs 210 at the end of the month. If you invest Rs 210 every month for 42 years, you can get a monthly pension of Rs 5000.

Whereas if your age is 25 years, then to get a pension of Rs 5000 every month, you will have to invest Rs 376 per month for 35 years. Whereas if you are 30 years old, then to get a pension of Rs 5000 every month, you will have to invest Rs 577 per month for 30 years.

How much should be invested at what age?

Let us tell you through a chart how much you will have to invest per month at which age to get a monthly pension of Rs 5000.

Terms and Conditions of Atal Pension Yojana

• If your age is between 18 to 40 years then you can invest in this scheme.
• You have to invest till your 60 years.
• If the subscriber dies, the pension is paid to his spouse. If both die, the pension money is given to the nominee .