Atal Pension Yojana: In this way you can also get big amount in Atal Pension Yojana
Atal Pension Yojana is a government pension scheme which was introduced in 2015. Provides financial stability to the individual after retirement. The program encourages eligible participants to make regular contributions so that they can receive the accumulated corpus when they turn 60.
A person can choose to receive a pension of Rs 1,000, Rs 2,000, Rs 4,000 or Rs 5,000 when he turns 60, depending on his contribution to the scheme and the age at which he first became a member.
When a contributor passes away, their spouse can also receive the pension, as can the nominee if both the contributor and the spouse pass away. The Pension Fund Regulatory Authority of India (PFRDA) oversees the pooled funds of the scheme.
Atal Pension Yojana Calculator
A digital calculator for Atal Pension Yojana can be used to predict the monthly payouts and expected returns.
Let us know how to use the Atal Pension Yojana calculator.
Find out your payment amount before using the Atal Pension Yojana calculator. Your initial investment age and the pension option chosen by you will determine the amount you will pay every month.
If you choose the Rs 1,000 pension option, the bank will charge Rs 42 to Rs 291 every month from your account. After the death of the subscriber, the nominee can receive a payout of 1.7 lakhs.
If you choose the Rs 2,000 pension option, the bank will deduct Rs 84 to Rs 528 from your account every month and after the death of the subscriber, the nominee can get a payout of Rs 3.4 lakh.