If you are also planning to invest money in any government scheme or are planning for your old age, then this is important news for you. In this scheme, you can take advantage of 60 thousand rupees annually by investing Rs 42 every month. Many types of pension schemes are being run by the central government. One of them is Atal pension yojna. In this scheme, you get many benefits from the government. Let us tell you about it in detail.

Atal pension yojna (APY) is a pension scheme run by the government of India and is operated by the pension fund regulator Pension Fund Regulatory and Development Authority (PFRDA). For people looking to invest for a fixed pension during their retirement, APY is an attractive option. The pension scheme was launched by the government to provide income security in old age to people in the unorganized sector.

Under the Atal pension yojna, the government guarantees a pension of 1000 to 5000 rupees per month after 60 years. A person up to the age of 40 years can apply in this scheme of the government.

Under APY the subscribers have a choice to get Fixed monthly Pension amount from Rs. 1000/-, Rs.2000/-, Rs. 3000/-, Rs. 4000/- and Rs. 5000/- by paying monthly subscription as per the table given below:

Age of Entry Years of Contribution Monthly pension of Rs1000 Monthly pension of Rs 2000 Monthly pension of Rs 3000 Monthly pension of Rs 4000 Monthly pension of Rs 5000
18 42 42 84 126 168 210
19 41 46 92 138 183 228
20 40 50 100 150 198 248
21 39 54 108 162 215 269
22 38 59 117 177 234 292
23 37 64 127 192 254 318
24 36 70 139 208 277 346
25 35 76 151 226 301 376
26 34 82 164 246 327 409
27 33 90 178 268 356 446
28 32 97 194 292 388 485
29 31 106 212 318 423 529
30 30 116 231 347 462 577
31 29 126 252 379 504 630
32 28 138 276 414 551 689
33 27 151 302 453 602 752
34 26 165 330 495 659 824
35 25 181 362 543 722 902
36 24 198 396 594 792 990
37 23 218 436 654 870 1,087
38 22 240 480 720 957 1,196
39 21 264 528 792 1,054 1,318
40 20 291 582 873 1,164 1,454

In this way you will get the benefit of 60 thousand:

if you invest in this scheme, then you get a fixed income every month after retirement. Let us tell you that after investing only Rs 1239 every 6 months, the government is guaranteeing a lifetime pension of Rs 5000 per month i.e. Rs 60,000 annually after the age of 60.

Will have to invest Rs 42 every month

If you start investing in this scheme at the age of 18 for a monthly income of Rs 5000, then you will have to pay Rs 210 every month. If the same money is given every three months, then Rs 626 will have to be given and Rs 1,239 will have to be given if given in six months. On the other hand, if you want to get a pension of 1000 rupees after 60 years, then you have to invest 42 rupees every month for this.

Specialty of this scheme-

>> Any person in the age group of 18 to 40 years can take advantage of APY.

>> Get the benefit of exemption in income tax.

>> You can get pension up to Rs 5000 every month after the age of 60 years.

>> Modi government started APY in 2015.