Atal Pension Yojana

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    After retirement nobody likes to be dependent on anyone. One such government programe that help people after retirement by giving the pension is APY- Atal Pension Yojana. This pension scheme was first issued and passed by in 2015- 2016 budget. This is to provide pension for every Indian citizen above the age of 60. The minimum pension amount is ₹1000 and maximum amount is ₹5000. The current age and invested amount defines the pension amount after the age of 60 years.


    Determining pension amount: If a person invests ₹42 per month from the age of 18 years, after completing 60 years he/she will be eligible for pension of ₹1000. This person will also be able to develop a core plus of ₹150000.If a person invests ₹82 per month from the age of 18 years, after completing 60 years he/she will be eligible for pension of ₹2000. This person will also be able to develop a core plus of ₹340000.

    If a person invests ₹126 per month from the age of 18 years, after completing 60years he/she will be eligible for pension of ₹3000. This person will also be able to develop a core plus of ₹510000.If a person invests ₹168 per month from the age of 18 years, after completing 60 years he/she will be eligible for pension of ₹4000. This person will also be able to develop a core plus of ₹680000.

    If a person invests ₹210 per month from the age of 18 years, after completing 60 years he/she will be eligible for pension of ₹5000. This person will also be able to develop a core plus of ₹850000.increasing age the monthly investment amount also increases.
    It is always advantageous joining this scheme at a younger age.To watch the chart explaining the amount to be paid based on age and for further details please watch the video in the link below.