Atal Pension Yojana Age Limit
Narendra Modi is coming up with so many lucrative schemes for all masses one by one. The Latest Released Atal Pension Yojana is one of them and an instant hit. Atal Pension Yojana is aimed to provide pension to any Citizen of India.
Pension used to be a so called benefit why the government jobs were one of the most sorted jobs in India. But now any one can get the Pension thanks to PM’s Atal Pension Yojana.
Any person above 18 years of age and below 40 years can avail this scheme. As soon as you join this scheme you will have to invest in this fund till you become 60 years old.
Tenure for which you would have to invest money in Atal Pension Yojana
Suppose you are 21 years of age then you will have to invest around 39 Years.
For a person of 25 years of age will have to invest for around 35 years
For a person who is 35 years of age will have to invest in this fund to around 25 years
Any person of age 40 years will have to churn out money for 20 years.
The Amount to be invested will depend on how much pension you want after the retiring age of 60. The Minimum pension amount is Rs 1000 and Maximum is Rs 5000. This Scheme will surely the current generation when they require a fix amount to life a gracious life. Rs 5000 can serve as a decent amount for their medicine and daily needs for a poor family.
Atal pension Yojana will surely raise the bar of social security benefits in India. As PM Narendra Mod has said this is surely a step from Jan Dhan to Jan Suraksha.