Looking for a low-investment pension scheme? The Atal Pension Yojana (APY) offers an attractive solution, particularly for employees in the unorganized sector.
By investing as little as ₹7 per day, you can secure a substantial pension for life after retirement.
Investment Details and Benefits
Under the Atal Pension Yojana, investing ₹210 every month from the age of 18 can ensure a monthly pension of ₹5,000, translating to ₹60,000 annually, starting from age 60.
For a smaller pension, such as ₹1,000 per month, the required monthly contribution is only ₹42.
Payment Options:
Quarterly Payment: ₹626
Semi-Annually Payment: ₹1,239
The government guarantees the minimum pension, ensuring the safety of your investment and the reliability of your future pension.
How to Maximize Your Pension
Joining the Atal Pension Yojana early maximizes your benefits. Here’s a breakdown of contributions based on entry age to receive a ₹60,000 annual pension:
| Age at Entry | Monthly Contribution (₹) | Total Contribution (in ₹ lakh) |
|---|---|---|
| 18 | 210 | 8.5 |
| 19 | 228 | 8.5 |
| 20 | 248 | 8.5 |
| 21 | 269 | 8.5 |
| 22 | 292 | 8.5 |
| 23 | 318 | 8.5 |
| 24 | 346 | 8.5 |
| 25 | 376 | 8.5 |
| 26 | 409 | 8.5 |
| 27 | 446 | 8.5 |
| 28 | 485 | 8.5 |
| 29 | 529 | 8.5 |
| 30 | 577 | 8.5 |
| 31 | 630 | 8.5 |
| 32 | 689 | 8.5 |
| 33 | 752 | 8.5 |
| 34 | 824 | 8.5 |
| 35 | 902 | 8.5 |
| 36 | 990 | 8.5 |
| 37 | 1,087 | 8.5 |
| 38 | 1,196 | 8.5 |
| 39 | 1,318 | 8.5 |
Scheme Purpose
Launched in the 2015-16 budget, the Atal Pension Yojana aims to provide financial security to individuals in the unorganized sector, ensuring a stable source of income post-retirement.
This scheme is ideal for those seeking a low-cost pension plan to secure their future.
