Atal Pension Yojana is being Liked by the People, 3.30 crore People joined Scheme

The Atal Pension Yojana of the Central Government is being liked a lot by the people. According to the Pension Fund Regulatory and Development Authority (PFRDA), till August 25, the number of people joining the Atal Pension Yojana in the country has reached 3.30 crore. According to the data, 28 lakh people have joined it in the released financial year i.e. 2021-22.

Talking about the states, Uttar Pradesh, Bihar, Bengal, Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka, Madhya Pradesh, Rajasthan, Gujarat and Odisha are included in the top states. More than 10 lakh people are associated with this scheme till 25th August in these states.

Schemes being liked by youth and women

There are 78% of people who have opted for a pension scheme of Rs 1,000. There are 14% of people who have opted for a pension of Rs 5,000 per month. 44% of the beneficiaries of the scheme are women and 44% of the members are youth. These people are in the age group of 18-25 years.

What is Atal Pension Yojana?

Under Atal Pension Yojana, a pension of 1000 to 5000 rupees is available every month on attaining 60 years of age. In this, a person from 18 years to 40 years can invest in it. If a person takes this scheme, then he will have to invest at least 20 years. To join the scheme, it is necessary to have a savings bank account, Aadhar and an active mobile number. To get a pension of 1 to 5 thousand rupees per month, the subscriber will have to pay 42 to 210 rupees per month.

Your contribution is decided according to your age

How much the amount will be deducted will depend on how much pension you want after retirement. To get a pension of 1 to 5 thousand rupees per month, the subscriber will have to pay 42 to 210 rupees per month. This will happen on taking the scheme at the age of 18 years.

On the other hand, if a subscriber takes the scheme at the age of 40 years, then he will have to make a monthly contribution ranging from Rs 291 to Rs 1454 per month. The higher the contribution the subscriber makes, the higher the pension he will get after retirement. In this, you will be able to claim tax benefit up to Rs 1.5 lakh under section 80C.

You can pay instalment according to your convenience

Under this scheme, investors can invest monthly, quarterly or semi-annually i.e. over a period of 6 months. The contribution will be auto-debited. That is, the fixed amount will be automatically deducted from your account and will be deposited in your pension account.

Open account online

• If you have an account with SBI, then you can take advantage of this scheme through net banking.
• To apply, you must first log in to SBI.
• After that click on the e-Services link.
• In the new window that will open, a link will be there in the name of the Social Security Scheme. There you have to click.
• After that, you will see 3 options, PMJJBY/PMSBY/APY. Here you have to click on APY i.e. Atal Pension Yojana.
• After that, you have to fill in your complete details. In which the correct account number, name, age and address etc. will have to be given.
• Which one are you choosing in the pension options, like Rs 5000 or Rs 1000 monthly?
• After that your monthly contribution will be decided based on your age.

Account can also be opened by visiting the bank

• You can open an account in any bank. You will have to fill the form of Atal Pension Yojana and submit it to the bank branch along with the requested documents.
• After the application is approved, you will get a confirmation message. After that your monthly contribution will be decided based on your age.
• After that your monthly contribution will be decided based on your age.

The scheme was started in 2015

The government's 'Atal Pension Yojana' was launched on May 9, 2015. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

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