Wise investors start investing now to secure the future. There are many investments that mature after a certain period of time. At the same time, some investment schemes are geared to old age, with pensioners investing after 60 years. The Atal Pension Scheme (APY) is one such scheme.
What is the plan Any Indian Citizens aged 18-40 who have a bank account can take out the Atal Pension Scheme. The main thing about this scheme is that you can invest only a nominal amount of Rs 42 each month. If you invest Rs 42 per month at age 18, then at age 60, you get a pension of Rs 1000 per month. Let us tell you here that the contribution period is 42 years. Only then will the pension be paid.
Amount of pension Depends on your contribution. The scheme offers a minimum guaranteed pension of Rs 1000 to 5000 after completing 60 years. Second, after the death of the subscriber, the lifetime pension amount is guaranteed to the spouse, and finally, in the event of death of both the subscriber and the spouse, the entire pension amount will be paid to the nominee.
Strict: Banks will be penalized if there is no cash in the ATM
Over 2.8 crore account holders: Prime Minister Narendra Modi launched the project in 2015. As of 31 March 2021, the number of account holders of the scheme was more than 2.8 crore. By March, the number of account holders had increased by about 33 percent and more than 77 lakh new customers were added.
