new Delhi. It is necessary to invest in the right scheme to meet future needs. But it is not possible for low salaries to invest more. Such people can choose the Atal Pension Yojana run by the government. In this, you can get a pension of up to 5 thousand by saving just 210 rupees every month. You will get the benefit of this for a lifetime. So what is the plan and how can you take advantage of it, know the process.
What is Atal Pension Yojana
Atal Pension Yojana is beneficial for the low income group. It is operated by PFRDA. In this, a person can get a fixed amount of pension after 60 years. In this, a person can get a pension ranging from 1000 to 5000 rupees. For this, you have to contribute according to your own.
How the premium amount is decided
If an investor opens an APY account at the age of 18 and needs a monthly pension of Rs.1000, then he has to deposit 42 rupees every month. Similarly, the premium for a monthly pension of Rs 2000 is Rs 84. The premium will be Rs 126 for 3000 monthly pension, Rs 168 for 4000 pension and Rs 210 for 5000 monthly pension. If you have opened this account after 18 years, then the premium will be fixed according to your age and pension amount.
Husband or wife can take money
If the person associated with the scheme dies before 60 years, then their wife and husband can continue to deposit money in the scheme and get pension every month after 60 years. If you want, you can claim a lump sum amount in it. If both are not there, then the nominee can take this amount.