There are still many people in the country who do not think about their future. They live only on what they earn now. But no one thinks about how things will work later in life. Keeping this in mind, Prime Minister Narendra Modi has launched a helpful scheme. Yes, the future can be made secure through the Atal Pension Yojana. But how? Let us explain in simple words.
What is Atal Pension Yojana?
Atal Pension Yojana is a government pension scheme. If you deposit a small amount every month, you will get a guaranteed monthly pension of ₹1000 to ₹5000 after the age of 60. This scheme is best for daily wage workers, auto drivers, farmers, and others working in the unorganized sector.
At What Age Can You Join?
To join this scheme, your age must be between 18 and 40 years. You also need to have a savings account. Based on how much you deposit every month, your pension amount after 60 will be fixed.
How to Apply
To apply for the Atal Pension Yojana, you can go to any nearby bank or post office. You can also apply online. You will need your Aadhaar card, savings account number, and nominee details.
Once your account is opened, a fixed amount will be deducted from your bank account every month. After you turn 60, you will start getting your pension every month
Family Will Get Support After Death
One of the best parts of this scheme is that if the person receiving the pension dies, the nominee will get the money. So, the family will not be left without support. Also, under this scheme, you can get tax benefits under Section 80CCD of the Income Tax Act. If you are thinking about your future, this scheme is a good choice. Start today and stay worry-free