The government may increase the amount received under this scheme to Rs 10,000 per month. Currently, people get a maximum pension of Rs 5,000 per month.
Atal Pension Yojana: The biggest good news for those who invest in Atal Pension Yojana. In this scheme, pension can be received not 5000 but 10,000 rupees. The government is likely to make an announcement on February 1. The government can increase the amount received under this scheme to 10,000 rupees per month. Currently, people get a maximum pension of 5000 rupees per month.
According to sources, the government may approve a proposal to increase the pension available under the Atal Pension. The proposal is in the final stages. The government may announce an increase in pension under the Atal Pension in the Budget. The pension under the Atal Pension Scheme will not be Rs 5,000 but Rs 10,000. A government official told Moneycontrol that the proposal to increase the minimum pension guarantee to Rs 10,000 is in the final stages. There is almost a consensus on this.
This may be announced in the budget. The official said that the minimum pension amount may also be increased. This scheme has been designed to provide financial assistance to the weaker sections of the country after 60 years. What is Atal Pension Yojana? Prime Minister Narendra Modi launched this scheme on May 9, 2025. Atal Pension Yojana is a social security scheme and its objective is to provide financial security to the elderly, especially the poor and those working in the unorganized sector.
The scheme was named after former Prime Minister Atal Bihari Vajpayee. Currently, people who invest under this scheme get a pension of Rs 1,000 to Rs 5,000 after 60 years. 7 crore people joined the Atal Pension Yojana As of October 2024, the total enrollment of the Atal Pension Yojana in the financial year 2024-25 was more than Rs 7 crore. During this period, 56 lakh new subscribers were added to the scheme. So far, 7 crore people have joined the scheme. The Pension Fund Regulatory and Development Authority (PFRDA) has played a key role in promoting this scheme.
Benefits of Atal Pension Yojana Under this scheme, beneficiaries get a minimum guaranteed pension of Rs 1,000, 2,000, 3,000, 4,000 or 5,000 per month after the age of 60. The amount of pension depends on your contribution. For example, if someone starts saving money for a monthly pension of Rs 1,000 at the age of 18, he will have to contribute only Rs 42 per month. At the age of 40, for a monthly pension of Rs 5,000, a maximum monthly contribution of Rs 1,454 will be required.
The special feature of this scheme is that it provides ‘Complete Security Cover’. In case of death of the beneficiary, his/her spouse gets the same pension. After the spouse, the nominee gets the entire amount deposited till the age of 60 years. Eligibility The scheme is open to all Indian citizens between the ages of 18 and 40.
The applicant must have a bank account. People who pay income tax are not eligible for this scheme. The contribution amount varies depending on the amount of pension. How to apply? Offline method Go to your bank, where you have your savings account. Get the registration form from the bank or download it from their website. Fill in the correct information in the form and select the pension option. Submit your Aadhaar card and other necessary documents along with the form.
After the application is accepted, you will receive a message on your registered mobile number. Online Process Go to your bank portal or mobile banking app. Login with the login ID and password. Search for ‘Social Security Scheme’ or ‘Atal Pension Scheme’. Fill the application form and provide all the required information. Agree to auto-debit for monthly contributions. Before submitting the form, verify the information and then submit.
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