Atal Pension Yojana: Get Rs.5000 Per Month With Your Aadhar Card

Atal Pension Yojana: A very big scheme has been started by Government of India for citizens for all Aadhaar card holders, under which all Aadhar card holders who will join this scheme will get maximum ₹ 5000 per month.

Under National Pension Policy, in today’s time Government of India has started different pension schemes for unorganized employees, common citizens through which they can live their life by getting pension in their old age.

Overview of Atal Pension Yojana

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What is Atal Pension Scheme

Atal Pension Yojana is one of the insurance schemes launched by Government of India, very useful scheme. This scheme is under National Pension Policy. Under this scheme any citizen can join through any nationalized bank. After joining this scheme, the beneficiary has to pay a few bucks per month as premium only then he will get pension after 60 years of his age.

Eligibility Criteria for Applying

To join Atal Pension Yojana your age should be between 18 to 42 years only then you will be able to get the benefit by joining this scheme, apart from this there are many other criteria to join Atal Pension Yojana which are mentioned below, along with this you must have Aadhar card, bank passbook and one or two other documents, only then you will be able to get the benefit by joining this scheme, how to join this scheme is also mentioned below.

Benefits of Atal Pension Yojana

All the subscribers under Atal Pension Scheme get pension amount or the pension amount is credited to the people associated with Atal Pension Scheme in their bank account every month. For your information, let us tell you that under Atal Pension Scheme, pension amount ranging from ₹ 1000 to ₹ 5000 is credited every month. As per the scheme you opt for Atal Pension Scheme, first you have to pay some amount as premium every month and after 60 years of your age, you will get the pension amount.

To join Atal Pension Scheme all of you have to approach your nearest nationalized banks. The eligibility to join Atal Pension Scheme is that you should be an Indian citizen, your age should be between 18 to 42 years. Your account should be in that bank and you should have Aadhar card, PAN card etc. After joining Atal Pension Scheme you will have to pay premium every month in the bank and after 60 years of your age you will get the pension amount.

How to Apply for Atal Pension Yojana

Atal Pension Yojana (APY) is a government backed pension scheme which gives a guaranteed monthly pension to its subscribers after retirement. Here’s how you can apply for Atal Pension Yojana:

Must Match these Conditions:

• APY is open to all Indian citizens between 18 to 40 years.
• Subscriber must have a savings bank account or Jan Dhan account.

Application Process:

1. Visit the nearest bank branch or Common Service Center (CSC) and fill up the APY application form.
2. Submit the required documents which may include Aadhaar card, PAN card and cancelled cheque or bank account details.
3. Choose your monthly contribution amount which can be ₹42 to ₹210 per month as per your age and desired pension amount.
4. Authorize the bank to deduct the monthly contribution from your savings account.
5. Get confirmation of your enrolment in APY scheme.

Withdrawal and Pension Benefits:

• You can start getting your pension at 60 years.
• In case of subscriber’s death before 60, spouse can continue the pension or opt for lump sum withdrawal.
• Minimum guaranteed pension under APY is ₹1,000 to ₹5,000 per month as per the subscriber’s contribution.

FAQ Related Atal Pension Yojana