Atal Pension Yojana was launched on 1st June 2015 by the Prime Minister of our country, Narendra Modi. Pension is provided after 60 years of age through Atal Pension Yojana. To get the benefit of this scheme, the beneficiary has to invest between the age of 18 years to 40 years. Monthly pension of ₹ 1000 to ₹ 5000 is provided to the beneficiaries through this scheme. The amount of pension is determined keeping in mind the investments made by the beneficiaries and their age. Apart from this, the benefit of this scheme is provided to the beneficiary’s family in case of untimely death. By reading this article, you will be provided complete details of Atal Pension Yojana 2022. You will be able to get all the important information related to APY scheme eligibility to application.
What is Atal Pension Yojana ?
The applicant applying under this scheme will have to deposit the premium every month. After that, after completion of 60 years of age of the applicant, financial assistance will be provided in the form of monthly pension in old age. To apply in Atal Pension Yojana, the age of the beneficiaries should be 18 to 40 years, only then they can take advantage of this scheme. If a beneficiary wants to join this scheme at the age of 18, then he will have to pay a premium of Rs 210 every month and those who are 40 years old then they will have to pay a premium of Rs 297 to Rs 1,454.
What is Atal Pension Yojana Eligibility ?
People are divided into 6 parts for Atal Pension Yojana. To take advantage of Atal Pension Yojana, your age should be between 18 to 40 years. To get pension under Atal Pension Yojana, you have to invest for at least 20 years.
Overview
| Scheme name | Atal Pension Yojana |
| Who is planning | Central |
| When was the scheme launched | Year 2015 |
| Beneficiary | Indian citizens |
What are the benefits under Atal Pension Yojana?
As you all know Atal Pension Yojana was started to provide pension to old citizens. An amount ranging from ₹ 1000 to ₹ 5000 is provided in the form of pension through this scheme. This amount is provided on the investment made by the beneficiaries. Citizens of the country will be able to get a fixed pension after 60 years of age through this scheme. The maximum amount of pension under this scheme is ₹ 5000. An amount up to ₹ 10000 can be obtained through this scheme by investing separately by both husband and wife. This information has been provided by the Pension Fund Regulatory and Development Authority.
This scheme was started for the citizens of the unorganized sector. To get the benefit of this scheme, it is mandatory for the beneficiary to have a savings account with the bank. To get the benefit of Atal Pension Yojana, the age of husband and wife should be between 18 to 40 years.
How much amount will be received in Atal Pension Yojana ?
So far, more than 65 lakh citizens have subscribed under Atal Pension Yojana. Due to which the number of customers has increased to 3.68 crores. This information has been provided by the Ministry of Finance. Due to which the assets under management have increased to Rs 20000 crores. Of the total customers, 56% are men and 44% are women. Membership of this scheme can be taken by every citizen of India in the age group of 18 to 40 years. A minimum guaranteed pension of ₹ 1000 to ₹ 5000 is provided through this scheme on attaining the age of 60 years. Apart from this, in the event of the death of the subscriber, the spouse is also provided with a guarantee of pension for life.
how to Apply Atal Pension yojana ?
To join Atal Pension Yojana 2021, it is mandatory for the beneficiaries to have a bank account and the bank account should be linked to the Aadhar card. Those who are income tax payers and have government jobs, they cannot take advantage of this scheme. Whoever is the interested beneficiary can go to any national bank of India and open an account of Atal Pension Yojana.
What documents are needed for Atal Pension Yojana application
Applicant must be an Indian citizen.
Candidate age should be 18 to 40 years.
Applicant should have bank account and bank account should be linked with Aadhar card.
applicant’s aadhar card
mobile number
identity card
proof of permanent address
passport size photo
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