Atal Pension Yojna: This scheme can prove to be very effective for those people in the country who are deprived of pension benefits. Employees in the unorganized sector should especially take advantage of this.
Atal Pension Yojna: Atal Pension Yojna was launched on 9 May 2015. With its help, you can be free from the tension of old age expenses. This scheme was brought especially keeping in mind the employees working in unorganized sectors. The forms of this pension scheme can be obtained online or from any government bank. It is very easy to join this scheme. Let us understand about its benefits and features.
How to apply
Atal Pension Yojana forms are available online or from the bank. But, the facility to apply online for this is not available at present. Therefore, after downloading the form, you will have to apply in offline mode only. After filling the form, you can go to any government bank and apply for the scheme. You will also have to provide a photocopy of your Aadhar card. After this you will get the message of application approval on your phone.
Benefits of the scheme
This pension scheme is supervised by the Pension Fund Regulatory and Development Authority (PFRDA). It also has the support of National Pension System (NPS). By joining this scheme, you will continue to get a minimum pension of Rs 1000 to 5000 per month after you turn 60. The pension amount will depend on the money you deposit. It will also be seen when you joined this scheme.
what will happen in case of death
If the subscriber dies before completing the age of 60 years, his spouse will continue to receive this amount. In case of death of both husband and wife, this amount will go to the nominee.
At what age can one join the scheme?
Any Indian can join Atal Pension Yojana. The age to join this should be between 18 to 40 years. You will have to deposit money in the scheme for at least 20 years. Pension returns will be available only after the age of 60. Your bank account should be linked to Aadhaar. Also a mobile number is also required.
