Pension Scheme: Atal Pension Scheme is being liked by the people, by August 25, 2021, 3.30 crore people have joined it.
People are liking the central government's Atal Pension Scheme. According to the Pension Fund Regulatory and Development Authority (PFRDA), the number of people joining the Atal Pension Scheme in the country has reached 3.30 crore as on August 25. According to statistics, 28 lakh people have joined the scheme in the current financial year i.e. 2021-22.
The top states include Uttar Pradesh, Bihar, Bengal, Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka, Madhya Pradesh, Rajasthan, Gujarat and Orissa. More than one million people in these states have joined the scheme till August 25.
Young and women are liking the scheme
78% of people have opted for a pension scheme of Rs 1,000. 14% of people have opted for a pension of Rs 5,000 per month. 44% of the scheme recipients are women and 44% of the members are youth. These people are in the age group of 18-25 years.
What is Atal Pension Scheme?
Under the Atal Pension Scheme, one gets a pension of Rs.1000 to Rs.5000 per month on reaching the age of 60 years. A person can invest in it from 18 to 40 years. Anyone taking this scheme will have to invest for at least 20 years. To join the scheme, one needs to have a savings bank account, Aadhaar and an active mobile number. To get a pension of Rs 1 to 5 thousand per month, the subscriber has to pay Rs 42 to Rs 210 per month.
Your contribution is determined by your age
How much the amount will be cut will depend on how much pension you want after retirement. To get a pension of Rs 1 to 5 thousand per month, the subscriber has to pay Rs 42 to Rs 210 per month. It will happen on taking the scheme at the age of 18. If a subscriber takes the scheme at the age of 40, he will have to make a monthly contribution of Rs 291 to Rs 1454 per month. The more contributions a subscriber makes, the more pension he will get after retirement. In it you will be able to claim tax benefit up to Rs 1.5 lakh under section 80C.
You can pay the installment at your convenience
Under this scheme, investors can invest monthly, quarterly or semi-annual i.e. for a period of 6 months. The contribution will be auto-debited, meaning the fixed amount will be automatically deducted from your account and the pension will be credited to your account.
An online account can be opened
If you have an account with SBI, you can avail this scheme through Net Banking. You must first login to SBI to apply.
Then click on the e-Services link.
A new window will open with a link called Social Security Scheme. There you have to click.
You will then see 3 options, PMJJBY / PMSBY / APY. Here you have to click on APY i.e. Atal Pension Plan.
Then you have to fill in your full details. In which correct account number, name, age and address information has to be given.
- Whichever pension option you choose, such as 5000 or 1000 rupees monthly.
- Your monthly contribution will then be determined based on your age.
- An account can also be opened by going to a bank
Account can be opened by going to any bank. You have to fill up the Atal Pension Plan form and submit it to the bank branch along with the required documents.
You will receive a confirmation message after the application is approved. Your monthly contribution will then be determined based on your age. Your monthly contribution will then be determined based on your age.
The scheme was launched in 2015
The government's Atal Pension Scheme was launched on May 9, 2015. The scheme is administered by the Pension Fund Regulatory and Development Authority.
