Atal Pension Yojana -
The Government of India has always taken care of the Senior
Citizens of the country. Although a
number of Pension schemes are available, a large number of older citizens are
not able to take advantage of it as their income is not very high. Which is why Prime Minister Mr. NarendraModi launched theAtal Pension Yojana. Named after the
former Prime Minister, this scheme will make sure that every Indian lives a secure retired life.
 |
| Atal Pension Yojana |
What are the Benefits of the Atal Pension Yojana?
The Indian Government believes that in order to make our
country flourish we need to take care of those who have raised us. APY is the
best way to make sure every senior citizen gets what they deserve.
Listed below are all the benefits citizens will get from the
APY.
1) Every
individual who applies for the Atal
Pension Yojana, will receive a definite amount of Rs. 1000, Rs. 2000 ,Rs.
3000, Rs. 4000 or Rs. 5000 depending on how much money they wish to contribute.
2) They
can pay any amount between Rs. 1000 – Rs. 5000, depending on their income and convenience.
3) Citizens
holding an account in any bank can apply for this scheme.
4) Senior
citizens who are of the age of 60 years and above will receive this money from
the Government of India after they have retired. This means that they will get
a guaranteed income after they have retired.
5) One
really amazing benefit is that ; the government will pay 50% of the
contribution or Rs. 1000, whichever amount is lesser. This is only available
for those who cannot pay tax and do not fall under any Statutory Social
Security Schemes.
6) This
amount will be paid by the Government for a period of 5 years.
7) Senior
Citizens over the age of 60 will not have to work or worry about their income.
They will be able to support themselves even if they aren’t working.
How To exit from Atal Pension Yojana ?
 |
| Atal Pension Yojana |
How to apply for APY?
The government of India wants every Indian to benefit from
this scheme. They have made it very simple to apply for this Pradhan Mantri Yojana.
By following few easy steps, you can apply for the APY.
STEP 1: Go to the branch where you have a
Savings Account. Since the government has made this scheme available in all
banks you can access it anywhere you like.
STEP 2:Ask for the for the Atal Pension scheme. Form. You can also download
the form by clicking on the this Atal Pension Yojana Form . The form in available in a number of
languages.
STEP 3: Link Your Aadhar card and Mobile
number to your Savings Account. It is extremely important to have your Aadhar
card linked to your bank account.
STEP 5: You need make sure that there is a
minimum balance in your account. This amount will be automatically deducted
from your account depending on the scheme you choose.
The Atal Pension scheme is a boon to all the citizens of India. Every Citizen can take part in it
provided they fulfill the eligibility criteria given below.
What is the Eligibility Criteria to Join the Atal Pension Yojana?
1)
The
Person applying must be a citizen of India.
2)
Their
age should be between anywhere 18 yrs-40 yrs. As they should atleast have 20
years till they turn 60 years old and start getting pension.
3)
A
savings account in any bank is an absolute MUST. They can also apply for one
right
4)
Please
make sure that you have your Aadhar card. If you don’t have one please apply
for one today. You cannot apply for APY if you do not have an Aadhar card.
5)
Mobile
number of the applicant must be linked to their Savings account.
6) Anyone who is under any other Statutory
Social Security Schemes cannot apply for the Atal Pension scheme.
Every citizen who applies for the APY, will receive Rs. 1000,
Rs. 2000, Rs.3000, Rs. 4000 or Rs. 5000 after they turn 60 years old. This
amount will differ according to the scheme they select.
They have to pay this amount each month till they turn 60
years old. After which the government will pay back this amount to the citizen.
And the best part is, the government will contribute 50% or
Rs. 1000 (whichever is a lesser amount each month for 5 years)
Thanks. Atal Pension Yojana really great. This scheme mainly targeted unorganized sector as well as for suffering from illness or accidental people. But i want to know how to government calculate the contribution for individual?
ReplyDelete