Atal Pension Yojana: Under this scheme, married couples will get Rs 10,000 every month, know more
Atal Pension Yojana: Married people who are concerned about their financial stability in old age will find great comfort in this news. We are going to talk about one such plan with you here. It is said that you may continue to get Rs 10,000 each month with very little investment. This program was launched by the government with low-income people in mind. To benefit from this system, millions of individuals are signing up. Once you invest in the plan, you can stop worrying. Your funds are totally secure. as it’s a government-sponsored project. Therefore, there’s no chance that it poses a threat of any sort.
Atal Pension Yojana: What Is It?
We would like to inform you that this is a public-interest project by the government. This programme is called the Atal Pension Yojana. In this, the government guarantees to pay pensions at significant life milestones, ranging from Rs 1000 to Rs 5000. In addition, if the spouses register a joint account, you will get Rs 10,000 each month for the rest of your life. The unique feature of the plan is that the remaining investors will continue to get rewards even in the event that one member passes away for whatever reason. The government would continue to provide the husband and wife a yearly payout of one lakh twenty thousand rupees.
Application age limit
Up to the age of forty, anybody may apply for this government program. However, the government has been encouraged by the Pension Fund Regulatory and Development Authority to raise the maximum age to align with the Atal Pension Scheme. In addition, a set monthly contribution is required to this pension plan. Following this, upon retirement, a pension of between 5,000 and 8,000 rupees per month is payable. That means, once every six months, a little Rs 1239 has to be spent in this plan. Because of this, the government is offering a pension of Rs 5,000 per month or Rs 60,000 per year to everybody who turns 60 after they are born.
