No matter how much retirement fund you save, regular income is very important in old age. With this amount, you can do all your important work. You do not have to depend on anyone else for small needs.
Atal Pension Scheme is run by the government to arrange regular income in old age. People whose income is not very high and who are not taxpayers can easily arrange a pension of ₹ 5000 per month for themselves by making a very small investment in this scheme.
The premium is decided according to the age
How much you have to invest to get a pension of ₹5000 per month depends on your age. People between the age of 18 and 40 can invest in this scheme. Investment has to be made till the age of 60. You start getting pension after the age of 60. The younger you start investing, the smaller the premium you will have to pay. If you start investing in this scheme from the age of 18, you will have to pay a premium of only Rs 210.
How much premium will people aged 18-30 years have to pay?
18 years old: Rs 210 per month Up to 42 years
Old: Rs 228 per month Up to 41 years
Old: Rs 208 per month Up to 40 years
Old: Rs 269 per month Up to 39 years
Old: Rs 292 per month Up to 38 years
Old: Rs 318 per month Up to 37 years
Old: Rs 346 per month Up to 36 years Old:
Rs 376 per month Up to 35 years Old:
Rs 26 per month Up to 34 years
Old: Rs 446 per month Up to 33 years
Old: Rs 285 per month Up to 32 years
Old: Rs 299 per month Up to 31 years
Old: Rs 307 per month Up to 30 years
How much investment should be made between the ages of 31 and 40?
Rs 630 per month for up to 31 years,
Rs 689 per month for up to 29 years, Rs 689 per month for up to 28 years,
Rs 752 per month for up to 33 years,
Rs 824 per month for up to 27 years, Rs
824 per month for up to 26 years, Rs 902 per month for up to 35 years,
Rs 990 per month for up to 25 years, Rs
990 per month for up to 24 years, Rs 37 per month
for up to 23 years, Rs 1196 per month for up to 22 years,
Rs 39 per month for up to 21 years,
Rs 1454 per month for up to 40 years, Rs 20 years
How to open an account
If you also want to apply under Atal Pension Yojana, then first open a savings account in a bank. If you already have a savings account in a bank, then you will have to get the application form of the scheme from there. Fill all the information like name, age, mobile number, bank account number etc. correctly in the form. Attach all the required documents. After this, submit the form in the bank. After this, all your documents will be verified and your account will be opened under Atal Pension Yojana.
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