Atal Pension Yojna Details  In English

Atal Pension Yojana (APY) is a scheme of the Central Government which was started in 2015. The purpose of this scheme is to secure the future of workers in the non-organized sector. Because the government employees get pension after retirement but those who are non-organized sector workers do not get any pension then this scheme was started for them.

  Under the scheme, you can take a guaranteed pension of up to ₹ 5000 every month from the age of 60 years by contributing some money every month.

 The eligibility of this scheme

1.  So every Indian citizen who is between 18 and 40 years old and who has a saving account and Aadhaar card is eligible for the skin.

2. But the tax or the government which is applicable is not eligible for this scheme.

Atal Pension Yojana Benefits 

1. Every Indian citizen can avail the benefit of this scheme

2. Whoever is associated with this cream under the Atal Pension Yojana will be given pension ranging from ₹1000 to ₹5000 after completing 60 years of age.

3. Both men and women can take advantage of this scheme.

What if you delay in depositing your monthly fund in your Atal Pension Yojana

If there is a delay in depositing your monthly fund in your Atal Pension Yojana, then in such a situation you have to pay a penalty. If you deposit. ₹100 per month in the Atal Pension Yojana, then you will incur a penalty of ₹ 1.

If you deposit between ₹101 to ₹500 every month in your Atal Pension Yojana, then in this situation you will incur a penalty of ₹ 2.

 If you deposit between ₹500 to ₹1000 in your Atal Pension Yojana, then in this situation you will incur a penalty of ₹ 5.

  And if you deposit more than ₹1000 every month in your Atal Pension Yojana, then in such circumstances you will incur a ₹10 penalty.

What if you do not deposit your monthly fund in your Atal Pension Scheme?

 If you do not deposit your funds in your Atal Pension Yojana, then in such circumstances, if you do not deposit your monthly fund for 6 months, then your account will be frozen.

  And if you set your monthly fund in your Atal Pension Yojana for 12 months, then your account will be deactivated and if you do not deposit your monthly fund in your Atal Pension Yojana for 24 months then in such circumstances your account is closed Will go

When will you get the Atal Pension Yojana money?

  When you are 60 years old, then you will get your pension guaranteed every month.

 How much pension you will get every month, it is certain that how much money you have deposited every month in your Atal Pension Yojana

 You cannot take money from your Atal Pension Yojana before you reach 60 years of age. If you die before you are 7 years old, then in such circumstances your pension will be given to your wife or if your wife is not alive then in such circumstances your money will be given to your nominee.

How to apply for Atal Pension Yojana

 To avail the Atal Pension Yojana, you will have to contact any national bank near you, you will have to open a savings account in the bank and after opening the account, you will have to fill the form associated with the Atal Pension Scheme. And you will be enrolled in the Atal Pension Yojana and after that, you have to deposit a fixed amount in your account, through which you can get the benefit of it after your 60 years through the Atal Pension Yojna.

Documents required for Atal Pension Yojana

1.  Your bank account passbook

2.  Two photographs

3.  Aadhar Card

4.  Pan Card

5.  Residence certificate etc.

Courtesy:-Gadgets Today