Pay Rs 42 per month and get Rs 5000 Irrevocable Pension Yojana assistance every month – know details

Pay Rs 42 per month and get Rs 5000 Irrevocable Pension Yojana assistance every month – know details

During the corona period, it was the turn of many people to lose their employment and jobs. Currently we have brought such information for us, which will be very useful and helpful to you. PM Narendra Modi has started the Atal Pension Yojana from June 1, 2015, giving the right to pension to all the citizens of the country.

To get pension under this scheme, you have to invest in it every month. Then after the age of 60 years, you will be given a pension of Rs 1000 to Rs 5000 by the government. Your pension amount will be determined according to your investment amount.

Atal Pension Yojana aims to provide complete financial security to the unorganized sector people during their post-retirement life. Any citizen between 18 to 40 years of age, who has a savings account in a bank or post office, can register in it.

How much premium to pay:
You have to pay the premium till the age of 60 to avail this scheme. Thereafter, depending on your contribution, you will get a pension ranging from Rs 1,000 to Rs 5,000 per month. If an 18-year-old wants a monthly pension of Rs 1000, he has to pay only Rs 42 per month. Thus, a 40-year-old man will have to pay only Rs 1,454 to get a pension of Rs 5,000 per month.

Who gets pension: After the death of the subscriber, the pension will be given to his wife. After the death of both the subscriber and the spouse, the pension corpus will be paid to the nominee. On the death of the subscriber before the age of 60, the spouse will be given the option to withdraw in full or continue paying the premium for the remainder of the term and thereafter draw pension benefits.

You can change the pension amount every year: You
can open an irrevocable pension scheme account at most banks or post offices. There is also an option to change your desired pension amount at one time during the year. If a person joins the scheme at the age of 18 and contributes Rs 210 per month for 42 years, he will get a monthly pension of Rs 5,000 after the age of 60. After death, his spouse will also be given pension.

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