Atal Pension Yojana is a savings scheme launched by the Central Government for the poor, underprivileged and workers in the unorganized sector. In this scheme, the beneficiary gets the facility of guaranteed pension. The main objective of this scheme is to provide financial security to the poor people, especially to the people of the unorganized sector. It proves to be very important for those people who want to make their life secure even in old age.
Old Pension Scheme 2024
Atal Pension Yojana (APY) is an important welfare scheme whose main objective is to benefit the working and labour class citizens. When a person retires, his source of income ends. Individuals working in government posts get pension, but for the workers working in the unorganized sector there is no fixed source of income in old age. The central government has launched the Atal Pension Yojana to find a solution to this problem.
This government scheme is mainly designed for the poor and unorganized sector workers. Under this scheme, people working in the private sector can get guaranteed pension in old age by depositing only Rs 210 every month. If you do not have Rs 210, you can also avail the benefits of this scheme by depositing up to Rs 42. The sooner you start investing in this scheme, the more benefits you will get in your old age.
8th Pay Commission Date
Features of Atal Pension Yojana
Atal Pension Yojana is a very beneficial scheme for financially weak families. Under this scheme, pension is arranged every month from Rs 1000 to Rs 5000. This scheme was started by the Central Government on 9 May 2015. According to the scheme, a person has to invest till the age of 60 years and it is necessary that he invests in it for 20 years. Thus, as a result of the scheme, a person from a financially weak family can spend his old age without any worries.
Eligibility for Atal Pension Yojana
To avail the benefits of Atal Pension Yojana, you must carefully check its eligibility. The age of the applicant for this scheme should be between 18 and 40 years. The benefits of the scheme are available only to permanent residents of India. Apart from this, you must have a bank account and your KYC process must be completed. Only by fulfilling these conditions can you get the benefits of Atal Pension Yojana.
How to avail the benefits of Atal Pension Yojana
If you want to take advantage of the Atal Pension Scheme, you can open your account online or by visiting your nearest bank. Once your bank account is opened, you will have to deposit a fixed amount every month. In this scheme, you can deposit an amount ranging from Rs 42 to Rs 210 in your bank account as per your convenience. In this way, poor people from the unorganized sector can ensure financial security in their old age.
7th Pay Commission Update 2024
How to open an Atal Pension Yojana account?
If you want to take advantage of Atal Pension Yojana, then for this you need to open your account in a bank or post office. For this, follow the following procedure:
- If you do not have a savings bank account in any bank or post office, you can go there and open a new account.
- Once you have a savings account opened in a bank or post office, fill the Atal Pension Yojana registration form with the help of bank staff.
- You will also need to provide your Aadhaar card and mobile number while filling the form.
- Decide how much amount you want to deposit in your savings account for monthly, quarterly, or half-yearly contribution.
- After completing the whole process, submit the registration form to the bank branch officer.
- After this, you have to deposit the amount of Rs 42 or Rs 210 per month in the bank for the next 20 years.
Thus, you can make your old age secure by taking advantage of Atal Pension Yojana.