ATAL PENSION YOJANA - An Indian Govt Scheme

What is ATAL PENSION YOJANA ?

“Atal pension yojana is a government pension scheme of India . By the Prime Minister of India Mr.  NARENDRA MODI on 9 May launched in Kolkata”.It is for all Indian people .

Who can apply ?

1.The person who do not have government job.

2.Worker.

3.Small shop.

4. The person who not get monthly income.

5. Very poor people.

Benefits of  (APY)

1.      One of the greatest benefits of the scheme may be enjoyed by the poorer sections of society.

2.       For getting this scheme your age between 18 to 40 .

3.      Those subscriber join APY before 31dec.,2015 get the benefit from the government.

4.      Monthly pension will depend on the contribution . The min. amount pension will be Rs.1000 and max. will be 5000.

5.      Subscriber can invest monthly ,quarterly ,half-yearly or yearly.

6.      A person have any saving account in any bank.

Key Highlights of APY

1.All bank account holders may join APY.

2.Guaranteed minimum monthly pension for the subscribers ranging between rs. 1000 and rs 5000 per month.

3.The benefit of minimum pension would be guaranteed by the Gov.

4. APY is applicable to all citizen of India aged between 18-40 years.

EXCEPTIONAL CIRCUMSTANCES

.In case of death of subscriber during the pension phase ,i.e.after 60 years of age ,pension would be available to the spouse ;the pension wealth accumulated till age 60 years of the subscriber would be returned the nominee.

If no payment is made the scheme-

1. For 6 months, the  account will be frozen.

2. For 12 months, the  account will be deactivated.

3. For 24 months, the account will be closed .

Some important things to remember to fill the forms

1.Personal Details like AADHAR NO. date of birth ,married , mobile no. ,age , nominee name, additional details of nominee.

DRAWBACK –

1.Only 5000 will get in future not more than .

2. Auto-debit.

3.A fine or penalty will have to give 1 rs. To 10 rs.

4.a person who is running APY dies before the age of 60, the nominee will only get the deposited amount.

 Indicative Contribution for Various Pension Options

Entry Age for APY	Years of Contribution	Monthly Pension  1000	Monthly Pension  2000	Monthly Pension  3000	Monthly Pension  4000	Monthly Pension  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

NSDL SITE –it is trusted , authorized, do not go to any site for the scheme,in this site you will get hole details and it is authorized by government.

You may ask question related to the scheme.

Website: https://www.sarkariyojna.co.in

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