Invest ₹7 Daily And Earn ₹5000 Monthly Pension: Senior Citizens Scheme Explained
Atal Pension Yojana (APY): Recently, the central government introduced a new pension scheme for government employees called the Unified Pension Scheme (UPS), which guarantees a fixed pension. Employees can choose between staying in the National Pension Scheme (NPS) or switching to UPS. However, for private sector and unorganized sector employees, there are other pension options like EPS-95, NPS, and Atal Pension Yojana (APY). In this article, we will focus on the details of Atal Pension Yojana.
What is Atal Pension Yojana?
Launched by the central government in 2015, the Atal Pension Yojana aims to provide financial security to individuals working in the unorganized sector after retirement. This scheme is designed for low-income individuals, allowing them to contribute a small amount regularly and secure a decent monthly pension upon retirement.
Affordable Contributions for Big Returns
Under the Atal Pension Yojana, if you start investing ₹210 per month from the age of 18, you will receive a pension of ₹5,000 per month for life starting at age 60. This breaks down to a daily contribution of just ₹7, which is cheaper than a cup of tea.
What is Atal Pension Yojana?
Launched by the central government in 2015, the Atal Pension Yojana aims to provide financial security to individuals working in the unorganized sector after retirement. This scheme is designed for low-income individuals, allowing them to contribute a small amount regularly and secure a decent monthly pension upon retirement.
Affordable Contributions for Big Returns
Under the Atal Pension Yojana, if you start investing ₹210 per month from the age of 18, you will receive a pension of ₹5,000 per month for life starting at age 60. This breaks down to a daily contribution of just ₹7, which is cheaper than a cup of tea.
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