What is Atal Pension Yojana and how to get a pension of Rs 5000 every month by investing so much? Know complete details

Utility News Desk!!! The Government of India has run many schemes for the citizens of India. Many of these schemes are run to provide financial benefits to the citizens. One of these schemes is named after the former Prime Minister of India, Bharat Ratna Shri Atal Bihari Vajpayee. Indian Prime Minister Narendra Modi implemented this scheme in 2015. What happens in this scheme, how can you benefit from this scheme. Let us know in this news.

Who can benefit from this scheme?

The government runs many schemes to financially strengthen every citizen of the country. Keeping this in mind, the government started Atal Pension Yojana. Under the Atal Pension Scheme of the Government of India, only Indian citizens in the age group of 18 to 40 years can open an account. Any citizen of India who is or is an income tax payer. The Government of India has run many schemes for the citizens of India. Many of these schemes are run to provide financial benefits to the citizens. One of these schemes is named after the former Prime Minister of India, Bharat Ratna Shri Atal Bihari Vajpayee. Indian Prime Minister Narendra Modi implemented this scheme in 2015. What happens in this scheme, how can you benefit from this scheme. Let us know in this news.

How can you benefit?

Accounts for Atal Pension Yojana can be opened in any bank branch or post office or through the digital service of the bank. In this scheme of Government of India, you can deposit the premium for one month, three months or six months through auto debit facility from your savings account. Under this scheme, you will get a lifetime minimum guaranteed pension of Rs 1000 to Rs 5000 after the age of 60 years. Account holders can upgrade or downgrade the pension amount at any time. Also, you can change the premium payment schedule to monthly, quarterly or half-yearly.