The Pension Fund Regulatory and Development Authority (PFRDA) has made people aware of the Atal Pension Scheme on Twitter. The PFRDA said that an unorganized sector employee of 18 to 40 years, who is covered in any other pension or social security scheme, can also join the Atal Pension Yojana. The Atal Pension Yojana is being run by the government to ensure social security for the people working in the unorganized sector.
PFRDA said in the tweet, ‘All unorganized sector employees like – farmers, houseworkers, security guards, auto drivers, construction workers, etc., who are between the age of 18 to 40 years, can join the Atal Pension Yojana , Whether they are covered in any other pension or social security scheme.
The Atal Pension Yojana (Atal Pension Yojana) is operated by the Pension Fund Regulatory and Development Authority. Under this scheme, you can get a pension of Rs 1,000 to Rs 5,000 every month.
The premium of this scheme depends on how much pension you need at the time of retirement and what is your age at the time of joining the scheme. Subscribers of this scheme can submit their premium monthly, quarterly or in six months.
You will have to contribute so much every month
If you join APY at the age of 18, you will have to contribute Rs 42 every month for a pension of Rs 1,000 per month at the age of 60. At the same time, to get a pension of Rs 5,000 per month, you have to deposit only 210 rupees every month till the completion of 60 years. If you are 40 years of age, you will have to deposit Rs 291 for a pension of Rs 1,000 and Rs 1,454 for a pension of Rs 5 thousand per month. During the death of the subscriber, the nominee will get a pension of Rs 8.5 lakh.
Apart from this, the premium amount will be between Rs 126 to Rs 792 for a guaranteed return of Rs 3,000. In the event of death of the subscriber, his nominee will receive a lump sum amount of Rs 5.1 lakh. Talking about a pension of four thousand rupees per month, then the premium for people between the age of 18 to 39 can be between Rs 168 to Rs 1,054. At the same time, in the event of death of the subscriber, the nominee will receive Rs 6.8 lakh.
