Government Scheme: Invest Just Rs 7 Per Day and Get Rs 60,000 Pension

With the help of Atal Pension Yojana, you can stay away from financial problems even after retirement. If you do just Rs 7 a day, you will be able to avail a pension of Rs 60,000 every month after 60 years.

Let us tell you how you can start investing in this scheme and how you can ensure your pension every month.

Pension will be guaranteed with less investment

Atal Pension Yojana (APY) is a pension scheme launched by the government for unorganized sector employees. The objective of this scheme is to provide security of source of income after retirement to the people in the organized sector. With this, you will get a pension of Rs 60,000 annually. You can get a pension ranging from Rs 1,000 to Rs 5,000 per month, and your pension amount depends on the investments you have made.

If you start investing at 18 years old

If you want a monthly pension of Rs 1,000 and start investing from the age of 18, you need to contribute only Rs 42 per month. Similarly, for a monthly pension of Rs 5,000, one will have to invest Rs 210 per month at the age of 18 years. That means you will get a pension of Rs 60,000 annually. In this, you will get 8.5 percent interest.

According to the rules of Atal Pension Yojana, if you want to make payment every three months, you will have to contribute Rs 626 and if you make payment every six months, you will have to contribute Rs 1,239. In this scheme, the minimum pension is guaranteed by the government, which means that your investment is safe and you will continue to get a regular pension.

Start investing in a pension like this

You can apply for this scheme both online and offline. For this, you can apply for this scheme offline by visiting your nearest bank or you can apply online by visiting the bank’s website. You can also apply for the Atal Pension Yojana online. For this, you will have to follow some steps.

First of all, you have to go to the electronic National Pension System (NPS) portal.

Then you can apply online for APY.

After this click on APY Subscriber Registration and select the option “APY Subscriber Registration”.

On the next screen, you have to enter all your information, like name, date of birth, gender, address, mobile number, bank account details etc.

Now you have to fill in the details of a nominee member, who will be entitled to your pension fund after your death.

After this, you will have to upload a scanned copy of your Aadhar card and bank passbook. Then the application fee will have to be paid.

After this, the document will be verified and then you will get a confirmation message of this scheme.