The amount of pension in Atal Pension Yojana depends on the monthly contribution and the age of the investor. One has to invest for at least 20 years.
Pension Plan: Many people already start investing on different platforms to ensure financial security in old age. After retirement, it is necessary to be financially dependent to live a peaceful and comfortable life. There is no need to spread hands in front of anyone for small things, so planning in advance is considered appropriate. If you also want to invest now to secure your future, then the “Atal Pension Yojana” run by the Central Government can help you. At present, many people are associated with this scheme.
About the plan
Pension facility is available every month on small investment in Atal Pension Yojana. The scheme was launched in 2015. Under the scheme, every month an amount of ₹ 5000 is provided as pension. However, the beneficiary can choose monthly pension of Rs 1000, 2000, 3000, 4000 and 5000. Any Indian citizen in the age group of 18 to 40 can avail the benefits of the scheme. The amount of pension depends on the monthly contribution and the age of the investor. One has to invest for at least 20 years.
This is how you will get Rs 5000 pension
If a person is 18 years old, the person has to invest Rs 210 every month in this scheme. So after the age of 60 years, he gets a pension of Rs.5000 for the whole life. One has to invest for 42 years.
(Disclaimer: The purpose of this article is just to share information. discountwalas.com does not provide investment advice in any scheme.)
