Atal Pension Yojana: Invest ₹7 a Day for a ₹5000 Monthly Pension with Atal Pension Yojana – Here's How It Works!

The Atal Pension Yojana (APY) is a government-backed scheme designed to provide financial security in retirement, ensuring a guaranteed monthly pension of up to ₹5000. With over 7 crore subscribers, APY is becoming a top choice for individuals seeking a reliable pension plan with minimal investment.

Why Choose Atal Pension Yojana?

Affordable Contributions:
Start investing with as little as ₹7 per day, and secure a monthly pension of ₹5000 after retirement.

Guaranteed Pension:
The government guarantees the pension amount based on your contributions and investment duration.

Dual Pension Benefits:
Both spouses can enroll separately, earning up to ₹10,000 in combined monthly pension.

Tax Savings:
Avail tax exemptions up to ₹1.5 lakh under Section 80C of the Income Tax Act.

Key Features of the Scheme

• Eligibility: Indian citizens aged 18 to 40 years can apply.
• Contribution Period: Minimum 20 years of investment required.
• Pension Range: Choose between ₹1,000 to ₹5,000 based on your monthly contribution.
• Nominee Benefits: In case of the subscriber’s death, the spouse continues to receive the pension. After the death of both, the nominee receives the corpus.

How Much Should You Invest?

For a ₹5000 pension, contributions vary by age:

• If you start at 18 years, you only need to invest ₹210/month (₹7/day).
• For a ₹1000 pension, the investment drops to just ₹42/month.

Joining Is Simple

Open a Bank Account: Ensure it’s linked to your Aadhaar card.

Provide Details: Submit a mobile number and other required documents.

Automatic Deductions: Monthly contributions are debited directly from your account.

The Growing Popularity of APY

Since its launch in 2015-16, APY has attracted over 7 crore members, with 56 lakh new subscribers joining in the first six months of FY 2024-25.

Secure Your Future Today!

With minimal investment, guaranteed returns, and additional tax benefits, the Atal Pension Yojana is a reliable solution for a stress-free retirement. Start investing now to enjoy financial stability in your golden years.