Government Pension Scheme: The government runs many schemes to provide financial assistance to the citizens, under one of these schemes, let us tell you that after the age of 60, a pension of five thousand rupees is given every month. To know the complete details related to this scheme, read the news completely-
The government runs many schemes to provide financial assistance to the countrymen, one of which is Atal Pension Yojana (APY). Under this scheme, eligible people get a pension of Rs 1,000 to Rs 5,000 every month after the age of 60 years. Let us tell you about this scheme in detail. Also, let us know how you can get a monthly pension of Rs 5000 by depositing only Rs 376 every month in the scheme.
The central government has launched the Atal Pension Scheme (APY) in the name of former Prime Minister Atal Bihari Vajpayee. This scheme is mainly designed to provide old age security to low-income individuals in the private sector. Any Indian citizen can participate in it. In this scheme, you can deposit a fixed amount on a monthly, quarterly or annual basis. After the age of 60, you will get a fixed pension of Rs 1,000 to Rs 5,000 every month depending on your deposit amount.
Under the Atal pension scheme, you can invest from the age of 18 years to 40 years. In this, you will have to pay different monthly premiums for different pensions between 18 years to 40 years. For a monthly pension of Rs 5,000, you have to pay different premiums according to each age. Let us tell you how you can earn Rs 5,000 per month if you enter at the age of 25.
This is the calculation-
By investing ₹376 monthly in Atal Pension Yojana from the age of 25, you will be entitled to a pension of ₹5,000 every month after the age of 60. Your total investment in 35 years will be ₹1,57,920. This scheme is a safe option for regular income after retirement.
