Atal pension yojana is one of the best schemes of the government which offers financial assistance after 60. There are also many things to be learned about this yojana before enrolling for it. To learn more about atal pension yojna details, this blog might help you. Get to know about the Atal pension yojana chart and become part of it.
Atal Pension Yojna Details
Atal Pension Yojana is a government scheme and is also famous by the name Swavalamban Yojana. It focuses on workers in informal sectors, and It offers various benefits to applicants aged 60 or more. It is a kind of financial support from the government in which a pension is between Rs. 1000 to Rs. 5000 every month. The government also contributes to the scheme but your efforts also matter. It is a kind of savings for the future. Atal pension Yojana always aims to offer a stable income after retirement to get a better life in old age. It is important to enroll in this yojana to get its benefits. As a resident of India, you have this opportunity to secure your future.
Benefits of Atal Pension Yojana
Atal Pension Yojana offers various benefits to its subscribers. It is a way of securing the future as well as a kind of retirement scheme by the government. The list of benefits Atal Pension Yojana provides is given below.
- Guaranteed pension– According to subscribers’ contribution they got a minimum amount of pension. The pension can be between Rs. 1000 to Rs. 5000.
- Tax benefits– This yojana also leads to tax benefits under section 80CCD.
- Private sector employees– Private sector employees can also enroll in this scheme. As we know, the private sector has no pension benefits, so can apply for an atal pension Yojana and get its benefits.
- Secure age after 60– Subscribers get their pension starting at the age of 60. After 60 everyone needs financial support and for them, pension plays a crucial role.
The great thing about this scheme is that the government also contributes for some limited years. Don’t forget to assign a person as nominee.
Atal Pension Yojana Chart
The Atal Pension Yojana Chart helps to outline contributions for months, and years. The contribution depends upon different pension amounts.
- The minimum guaranteed pension lies between 1000 to 5000 Rs.
- The return of the corpus amount to the nominee is between Rs. 1.7 lakh to RS. 8.5 lakh.
The Atal Pension Yojana Chart according to age is given below.
| Age | Vesting time | Monthly contribution |
| 18 | 42 | Rs. 42 |
| 19 | 41 | Rs. 46 |
| 20 | 40 | Rs. 50 |
| 30 | 30 | Rs. 116 |
| 31 | 29 | Rs. 126 |
Eligibility Criteria For Atal Pension Yojna
Before enrolling into the atal pension Yojana, eligible criteria play a key role. Here are the eligibility criteria given to you, check them and enroll for the government scheme.
- It is important to be a resident of India.
- Age should not be less than 18 and not more than 40.
- It is important to contribute for at least 20 years.
- Having a bank account connected with an aadhar card is essential.
- Make sure to have a valid mobile number.
After checking all this eligibility, you can enroll for the Yojna.
The process to Register in Atal Pension Yojana
It is very easy to enroll in the Yojna, follow the steps given below to make this process more and more easy.
- First of all, check that you are meeting the eligibility criteria.
- Go to the bank where you have your savings account or the post office.
- Ask for the Atal Pension Yojana registration form.
- Add all the information correctly and also attach the aadhar number and mobile number.
- Select a pension amount between Rs. 1000 to Rs. 5000 every month according to your contribution.
- Submit the form, and get your account auto-debited for the contribution you want to pay. On a specific date, it will be deducted automatically.
- Wait for the confirmation message after enrollment is successful.
Conclusion
Atal pension yojna is a government scheme that aims to provide financial support to people aged 60 or more. It is a kind of savings which was done between 18 to 40 years. The government also contributes to help in this yojana. There are also some eligibility criteria for this scheme as it is easy to apply. Only residents of India can participate in it. This yojna offers various benefits like tax savings and many more. All the atal pension yojana details are given above. The atal pension yojana chart is also given.
FAQs
Q. Has Atal Pension Yojana given any tax benefits?
There are various tax benefits linked with the Atal pension yojana. Benefits such as Tax Deduction under section 80CCD. Also, it gives tax-free returns and exemptions from service tax.
Q. Can I subscribe at the age of 40?
yes, definitely at the age of 40 one can subscribe but after 40 it is not possible. Also, a person aged 18 can subscribe.
Q. What if a subscriber dies before 60?
In these kinds of situations, the nominee gets all the funds the beneficiary was supposed to have.
Q. How much does the government contribute to the Atal pension Yojana?
The government contributes 50% in the initial 5 years only. The government recognized this scheme for people of age more than 60.
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