Atal Pension Yojana has proved to be the most beneficial in the Corona era, because under this scheme (APY), the workers in the unorganized sector of the country are going to get the most benefit. Atal Yojana is a plan to ensure fixed monthly pension ranging from Rs 1,000 to Rs 5,000 every month after the age of 60 years. This pension scheme was implemented at the national level in June 2015. This scheme was implemented in place of the self-reliance scheme NPS Lite. The Atal Pension Yojana is administered by the Pension Fund Regulatory and Development Authority (PFRDA). It is implemented by all banks across the country. If you also want to save Rs 210 a month and get a monthly pension of Rs 5,000, then understand the rules and regulations related to this scheme.
Any person in the age group of 18 to 40 years of India can join this scheme. If you have an account with any bank or post office then you can join this scheme.
How much amount you have to pay to get pension, it depends on two things. The first thing is that at what age you are joining this scheme. The second most important thing is how much pension do you want after the age of 60 years. For example, if a person joins this scheme at the age of 18 years and wants a monthly pension of Rs 1,000 after the age of 60 years, then he has to spend 42 rupees every month till the age of 60 years. If this person wants a pension of Rs 5,000 monthly, then he will have to deposit Rs 210 every month till he is 60 years old. Under this scheme, fixed pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 and Rs 5,000 is available.
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