Atal Pension Scheme: If you want a secure future for your child, then it is important to start investing at the right time.
There are many such government schemes in which the child’s future can be secured by investing. Atal Pension is also a similar scheme. Narendra Modi government had started this scheme in its first term. In this scheme, you can arrange for child’s pension with a nominal investment of just Rs 42. However, for this it is necessary that the age of the child is 18 years. Let us know about this scheme in detail.
Under Atal Pension Yojana, the contributor will get a lifetime minimum guaranteed pension ranging from Rs 1000 to Rs 5,000 per month depending on his contribution from the age of 60 years. This amount will vary depending on the age of joining Atal Pension Yojana. There is a minimum contribution of Rs 42 in the scheme. This is for investors above 18 years of age. After the death of the contributor, equal pension will be paid to the spouse. On the death of both the contributory spouse, the total pension amount will be given to the nominee till the age of 60 years.
Let us tell you that the maximum amount of contribution per month is Rs 1454. After 60 years on this investment the investor will get a pension of Rs 5000. Let us tell you that the total amount on this investment will be Rs 8.5 lakh.
Investment period up to 22 years
Let us tell you that Atal Pension Yojana is for all those bank account holders who want to join. The minimum age to join the scheme is 18 years and maximum age is 42 years. That is to say, the period of contribution by the subscriber under the scheme is 22 years. All bank account holders can join the scheme with auto-debit facility in accounts.
