Many schemes are run by the government to support the countrymen financially. One of these schemes is Atal Pension Scheme. Under this scheme, eligible people get a pension of Rs 1,000 to Rs 5,000 every month after the age of 60 years.
Let us tell you about this scheme in detail. Also, let us know how you can get a monthly pension of Rs 5000 by depositing only Rs 376 every month in the scheme.
The central government started this scheme in the name of former Prime Minister Atal Bihari Vajpayee. Any Indian citizen can participate in it. This scheme is specially designed to provide support to low-income earners in the private sector in their old age. In Atal Pension Scheme, you can deposit a fixed amount on a monthly, quarterly or yearly basis and after 60 years, you can get a pension of 1 thousand, 2 thousand, 3 thousand, 4 thousand and 5 thousand rupees every month according to the amount deposited.
Under the Atal Pension Scheme, you can invest from the age of 18 to 40 years. In this, you will have to pay different monthly premiums for different pensions between 18 to 40 years. For a monthly pension of Rs 5,000, you have to pay different premiums according to each age. Let us tell you how you can earn Rs 5,000 per month if you enter at the age of 25.
This is the calculation
If you deposit Rs 376 every month in Atal Pension Scheme from the age of 25, then you will easily get a pension of Rs 5,000 per month after the age of 60. You will have to invest for 35 years. Which will be around Rs 1,57,920. According to this, Rs 5000 will come in your account every month after retirement.
