Get 5 thousand rupees every month by depositing only 210 rupees, this government scheme is best for you
Newz Fast, New Delhi: If you want to secure your future then there is good news for you. You can get better returns by investing in the Atal Pension Yojana run by the Central Government.
Explain that Atal Pension Yojana is a guaranteed scheme supported by the Government of India and administered by PFRDA. The government started this scheme on 9 May 2015. Enrollment under APY has crossed 3.30 crore as on 25 August 2021.
As per APY rules, a person in the age group of 18 to 40 years can open an APY account to become eligible for monthly pension.
Under this scheme, the subscriber gets a pension of Rs 1,000 to 5,000 depending on the contribution made by him from the retirement age of 60 years.
5000 rupees pension every month
Let us tell you that Atal Pension Yojana is a good option for guaranteeing pension by investing less money. At present, under the Atal Pension Yojana, the government guarantees a pension of 1000 to 5000 rupees per month after 60 years.
Under Atal Pension Yojana, after making a fixed contribution to the account every month, after retirement, a monthly pension of Rs 1 thousand to Rs 5 thousand will be available.
The government is guaranteeing a lifetime pension of Rs 5000 per month i.e. Rs 60,000 per annum after the age of 60 on investing only Rs 1,239 every 6 months.
Will have to pay Rs 210 every month
According to the current rules, if at the age of 18 years, a maximum of Rs 5000 is added to the scheme for monthly pension, then you will have to pay Rs 210 every month.
If the same money is given every three months, then Rs 626 will have to be given and Rs 1,239 will have to be given if given in six months. To get a pension of Rs 1,000 a month, if you invest at the age of 18, you will have to pay Rs 42 per month.
Joining at a young age will get more benefits
Suppose if you join at the age of 35 for 5 thousand pension, then for 25 years you will have to deposit Rs 5,323 every 6 months. In such a situation, your total investment will be Rs 2.66 lakh, on which you will get a monthly pension of Rs 5 thousand.
Whereas on joining at the age of 18, your total investment will be only 1.04 lakh rupees. That is, for the same pension, about Rs 1.60 lakh more will have to be invested.