Atal Pension Yojna
One should have a savings bank account, Aadhaar and active mobile number to join the scheme. If a person takes this scheme after 60, then they have to invest at least 20 years to get pension.
If you have not taken any pension scheme till date and you want to take a scheme in which you want to be entitled to pension by paying less then the Central Governments Atal Pension Scheme this is right for your. Under this, upon reaching the age of 60 years, the person gets pension from Rs 1000 to Rs 5000 per month. It can be invested by a person between the ages of this 18 and 40.
Anyone between 18 and 40 years old can open an account
Anyone between 18 and 40 years old can open an Atal Pension Yojana account
To join the scheme, one must have a savings bank account, Aadhaar and an active mobile number
If a person takes this plan, they have to invest at least 20 years.
Investors can invest for a period of 6 months, monthly, quarterly or half-yearly.
Contributions will be auto debited. That is the fixed amount will be is automatically deducted from your account and credited to your pension account.
How much will be deducted depends on how much pension your need after retirement.
In this, you can claim tax benefits of up to Rs 1.5 lakh under Section 80C.
You can contribute 42 to 210 rupees per month.
For pension of Rs 1,000 to Rs 5,000 per month, the customer has to pay Rs 42 to Rs 210 per month. This will be happen when the plan is taken at the age of 18.
On the other hand if a customer takes the plan at the age of this 40, he will have to contribute monthly from Rs 291 to Rs 1454.
The more the subscriber contributes the more pension he will be get after retirement. However, it should not be more than Rs 5,000. That is why the contribution will be also be according to that.
How to open an account
- You can open an account in any bank
- Your can this download the Atal Pension Yojana form online
- You have to fill this form and submit it to the bank branch
- In addition, a photocopy of your mobile number and Aadhaar card will also have to be submitted.
- Your will be receive a confirmation message after the application is approved.
- An online account can be opened in SBI
- Eligibility of Atal Pension Yojana
The Atal Pension Yojana (APY) is for all Indian citizens between 18 and 40 years of age. To avail this scheme all have to
this pay the amount fixed by the government for at least 30 years.
Any bank account holder who this is not a member of any such social security scheme can avail this scheme.
For a monthly pension of this Rs.1000 / - to Rs.3000 / -, the beneficiary will have to pay age based contribution of Rs.5 / - to Rs.2 / -.
The level of this contribution will vary with the age of the individual. A person who joins at a younger age will be contribute less and more to old age.
To encourage investment in this scheme, a new account will be deposited by the Central Government before 31-12-2017 to the account holder within a maximum limit of Rs 1000 / -. Into account. 2013-14 to 2017-20 Savings of the current Rashtriya Swavalamban Yojana will be automatically be transferred to the Atal Pension Yojana.
To take advantage of this scheme
The account holder has to fill the authorization form and submit it to his bank. In which the details of the this account number, spouse and nominee heir will have to be written. Under this a scheme, the account holder has to ensure that there is a fixed amount in his account every month. If it doesnt its time to this dump it and move on. These penalties are common such as Rs 1 for this every Rs 100, Rs 5 for a 101 to 200 contributions, Rs 5 for Rs 201 to Rs 1,000 and Rs 10 for over Rs 1,001.
If the payment is not made, if the payment is not made for 6 months, the account of the account holder can be sealed. If the payment is not made within 15 months, the account holder account is deactivated. For 6 months the account of the person who did not make this payment has been completely closed. Anyone who does not have an account will first have to open a bank account and give information about Aadhaar card and KYC. At the same time, a form of 'APY' has to be submitted. If you want to opt out of the scheme .
Under normal circumstances, an account holder in the Atal Pension Yojana cannot withdraw from the Atal Pension Yojana till the age of 60 years. The account can will be closed only in certain circumstances, such as after his death.
Important link
- If your have an account with a SBI Bank, your can avail this scheme through net banking
- To apply you must first login to SBI.
- Then click on the e-services link
- A new window will be open with a link to the social security scheme. You have to click there.
- Then your will be see 3 options, PMJJBY / PMSBY / APY. Here you have to click on APY i.e. Atal Pension Plan.
- Then you have to fill all your information. In which the correct account number, name, age and address information should be given.
