Atal Pension Yojna: Are you also looking for a pension scheme with low investment? Atal Pension Yojana (APY) is a pension scheme launched by the government for the employees of the unorganized sector.
Which ensures the security of their income after retirement. Under this scheme, if you invest Rs 210 every month from the age of 18, then after the age of 60, you can get a pension of Rs 5,000 every month for life and Rs 60,000 annually. If you look at the daily expenditure of Rs 210, it comes to just Rs 7. The purpose of this scheme is to provide security of income source to the people of the unorganized sector after retirement.
You will get 60,000 rupees pension annually
Under APY, you can get a pension ranging from Rs 1,000 to Rs 5,000 per month, and the amount of your pension depends on the investment you make. For example, if you want a monthly pension of Rs 1,000 and start investing at the age of 18, you only have to contribute Rs 42 per month. Similarly, for a monthly pension of Rs 5,000, you will have to invest Rs 210 per month at the age of 18. That is, you will get a pension of Rs 60,000 annually. The sooner you join this scheme, the more benefits you can get.
According to the rules of Atal Pension Yojana, if you want to make payment every three months, then you have to contribute Rs 626 and if you make payment in six months, then you have to contribute Rs 1,239. In this scheme, the minimum pension is guaranteed by the government, which means that your investment is safe and you will continue to get regular pension.
You will get more pension with less investment
The government launched this scheme in the budget 2015-16 to free people in the unorganized sector from the worry of a source of income after retirement. This scheme is a good option for those who want to join a pension scheme with low investment and want to secure their future.
Complete calculation to get pension of Rs 60,000
| Age at entry (in years) | Contribution period (in years) | Monthly Contribution (in Rs) | This will be the contribution (in lakh rupees) |
| 18 | 42 | 210 | 8.5 |
| 19 | 41 | 228 | 8.5 |
| 20 | 40 | 248 | 8.5 |
| 21 | 39 | 269 | 8.5 |
| 22 | 38 years old | 292 | 8.5 |
| 23 | 37 years old | 318 | 8.5 |
| 24 | 36 years old | 346 | 8.5 |
| 25 | 35 years old | 376 | 8.5 |
| 26 | 34 years old | 409 | 8.5 |
| 27 | 33 years old | 446 | 8.5 |
| 28 | 32 years old | 485 | 8.5 |
| 29 | 31 years old | 529 | 8.5 |
| 30 | 30 years old | 577 | 8.5 |
| 31 | 29 years old | 630 | 8.5 |
| 32 | 28 years old | 689 | 8.5 |
| 33 | 27 years old | 752 | 8.5 |
| 34 | 26 years old | 824 | 8.5 |
| 35 | 25 years old | 902 | 8.5 |
| 36 | 24 years old | 990 | 8.5 |
| 37 | 23 years old | 1,087 | 8.5 |
| 38 | 22 years old | 1,196 | 8.5 |
| 39 | 21 years old | 1,318 | 8.5 |
