In the era of economic uncertainty, most people are planning for retirement as well.
If you look at a private job or small business, then you start worrying about the expenses of old age. If you are also planning about pension for retirement, then Atal Pension Yojana can be considered a good option for you, with the help of which you are going to benefit.
The purpose of Atal Pension Yojana is believed to be given benefits by bringing them under the purview of pension. However, the Pension Fund Regulatory and Development Authority (PFRDA) has recommended the government to increase the maximum age under Atal Pension Yojana (APY).
If seen under the scheme, after making a fixed contribution every month in the account, after retirement, then a monthly pension of Rs 1 thousand to Rs 5000 is given, which you can take advantage of.
The government attains the age of 60 years by investing only Rs 1239 every 6 months, after which the guarantee of pension of Rs 5000 per month i.e. Rs 60,000 per annum is being given by the government.
Have to pay Rs 210 every month
If we look at the existing rules, if at the age of 18, with the help of the scheme, a maximum of 5 thousand rupees starts being added for monthly pension, then you have to pay 210 rupees every month.
If we talk about the same money, then we give it every three months, then we have to pay Rs 626 and in six months we have to pay Rs 1,239. To get a pension of Rs 1,000 a month, if you have invested at the age of 18, then you have to pay Rs 42 monthly.
