The government will give a guaranteed pension of Rs 5,000 per month to the general public. Learn the full scheme

If you want to join the pension scheme launched by the government for the common man then this is the news for you. If you are between 18 and 40 years of age, you can avail of government schemes for pensions ranging from Rs. 1,000 to Rs. 5,000 per month.

govt will give a guaranteed pension

This scheme is Atal Pension Scheme which has become very popular. This is a scheme of the Government of India, run by the Pension Fund Regulatory and Development Authority (PFRDA). If you are 18 years of age, you can be entitled to a pension of Rs. 5,000 per month by contributing only Rs. 210 per month under this scheme. If you can’t contribute that much, you can get a pension of Rs. 1,000 per month with a contribution of Rs. 42 per month. However, people covered by income tax cannot join the scheme.

People up to the age of 40 can join this scheme and everyone’s contribution varies according to age. For example, a 40-year-old has to pay Rs. 291 per month for a pension of Rs. 1,000 and a pension of Rs. You can get this plan at any bank. Internet banking is also available online through the bank. This will allow your contribution to be automatically credited to your Atal Pension Plan account every month.

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When will the pension start?
Upon reaching the age of 60 years, an application has to be submitted to the concerned bank for availing monthly pension under this scheme. In this plan you have to contribute till the age of 60, i.e. if you join at the age of 18 then you have to contribute till the age of 42; Anyone who joins in 40 years will have to contribute for 20 years. The longer you join the scheme, the higher the contribution. You cannot opt ​​out of this scheme before the age of 60, although the beneficiary is allowed to opt out in case of illness. The scheme provides for pension to be given to the spouse in case of death of the beneficiary and provision has also been made to provide full funds to the heirs thereafter.

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