Pension is given to the eligible person under the Atal Pension Yojana of the Central Government (Modi Government). This is a social security program, through which people get the benefit of pension in old age (Pension Scheme). Giving information on Thursday, the Finance Ministry said that this scheme has recently completed its 8 years. So far, a total of 5.25 crore subscribers have been added under this scheme.

This scheme was launched by Prime Minister Narendra Modi in the year 2015. The aim behind the introduction of APY was that every senior citizen of the country could get the benefit of fixed pension. This scheme is specially designed for the people working in the unorganized sector.

So many people joined in the financial year 2022-23

According to the information given by the Finance Ministry, in the financial year 2022-23, there has been an increase of 20 percent in the number of new subscribers as compared to the previous year. Along with this, investors have got 8.92 percent return from this scheme so far. The total Assets Under Management under this scheme has reached Rs 28,434 crore.

The poor got the benefit of pension

Giving information about the Atal Pension Yojana, the Finance Ministry said that the success of this scheme lies in the fact that it will help in providing pension benefits to the poor and weaker sections of the country. It is noteworthy that in the Atal Pension Yojana, people between the age of 18 to 40 years can invest in the scheme. For this you should have a savings bank account and you should not be a taxpayer.

Subscribers of Atal Pension Yojana get the benefit of monthly pension ranging from Rs 1,000 to Rs 5,000 after attaining the age of 60 years. This amount is decided on the basis of your investment. This is a government-backed pension scheme, for which you need to have a savings account, Aadhaar number and a mobile number. You can open this account in any bank or post office.

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The National Pension System is considered better for those people who need a fixed amount every month for post-retirement expenses. Especially when there is no source of income.

National Pension System investment involves very less risk and PPF gives higher returns than Fixed Deposits. Under the National Pension System, the subscriber is given the opportunity to invest in two ways, Active and Auto Choice.

How to get 75000 rupees pension

In Active Choice, the customer allows his money to be invested in instruments like stocks, government securities. 75% of the total NPS investment can be invested in Active Choice. Let us know how much will have to be invested in NPS for pension of Rs 75,000 every month.

For investing Rs 75,000 per month, the maturity amount of NPS i.e. Rs 3.83 crore on the subscriber’s 60 years should be Rs. This money will be received from the annuity plan which is invested at the time of maturity. The most important thing is to know how to raise Rs 3.83 crore, so that after the age of 60, a pension of Rs 75,000 will be available every month.

Start investing with Rs 10,000

Suppose a person of 25 years starts investing Rs 10,000 in NPS every month for the next 35 years. With a return of 10% every year, at the age of 60, Rs 3,82,82,768 will be accumulated.

If 40 percent of this amount is invested in buying an annuity plan, then till retirement Rs 76,566 will be available every month. Such people whose age is 30 years and they start investing Rs 16,500 in the National Pension System every month, then after retirement they will easily get a pension of Rs 75,218.

Two types of accounts are opened in the National Pension System. Tier 1 account and Tier 2 account. Tier 1 account is mandatory which will be opened for every NPS subscriber, whereas Tier 2 account can be opened by the subscriber at his own discretion.

The National Pension System was first started only for government employees, but later it was started for employees of many sectors.

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