Working in old age is not a compulsion of many people. But, by investing in Atal Pension Yojna (APY), you can choose a respectable life for yourself. In this scheme, income can be obtained from guaranteed Rs 1000 to Rs 5000 every month by investment of very small amount. The purpose of this pension scheme of the government is to make the elderly self -reliant and to give the right of respectable life in that era of age. In this, Indian women or men from 18 years to 40 years can invest.
The Government of India has launched the Atal Pension Yojana, especially for the workers of the unorganized sector. Its main goal is to make the elderly over 60 years of age self -sufficient in old age. After the age of 60, according to the chosen plan of the person, guaranteed pension is received every month. The scheme is conducted by PFRFA i.e. Pension Fund Regulatory and Development Authority. Under this, investors get many benefits. Let us know about them:
Benefits of Atal Pension Yojana
Low investment, big advantage: The investment amount is reduced when this scheme starts early. That is, the less investment will be started, the less the monthly contribution will be.
Freedom to choose pension: In this scheme, investors can opt for a monthly pension of 1000, 2000, 3000, 4000 or 5000 rupees according to their needs.
Guaranteed Pension: This is the government’s pension scheme. Your money is completely safe in this, because the Government of India gives full guarantee of pension received in it.
Tax exemption: On investing in Atal Pension Yojana, additional tax exemption of up to Rs 50,000 is given under Section 80CCD (1B) of the Income Tax Act.
Nominee benefits: After the age of 60 years, his pension amount will be given to his spouse on his death. When both die, the entire amount deposited is returned to the nominee.
Without these documents, Atal Pension cannot apply in Yojana
- Aadhar card
- Address proof
- Identity card
- Bank account number
- 10th marksheet or birth certificate for age certificate
- An active mobile number
Learn what is the way to apply
Atal pension scheme can be applied in three ways. You can open an account in it through the website of online, offline or directly scheme.
1. offline method (through bank or post office)
Take a registral form of Atal Pension Yojana from your nearest bank or post office branch, where your savings account is. Fill the name, address, Aadhaar number, mobile number and details of the nominee correctly in the form. With this, submit photocopies of Aadhaar card and other necessary documents. After this your pension account will open and every month your installment will continue to be auto debit.
2. Online method (through net banking)
You can also apply for pension scheme through online net banking. For this, open the net banking page and click on Atal Pension Yojana after clicking on the social schemes option. In the form available here, submit the necessary information, pension option and nominee details. Permission for auto debit will be sought by the bank, after which your registration will be completed. After this you will get Permanent Retirement Account Number (Pran).
You can also apply from here
- https://enps.nsdl.com/enps/nationalpenssysystem.html website can also be applied for pension scheme.
- After clicking on this link, you have to go to the tab of Atal Pension Yojana and click on APY Registration.
- After this, choose the option of new registration and after filling the form, click on Continue.
- Fill your information in complete pending registration and complete KYC.
- After this, the Acknowledgment Number will be generated.