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Sarkari Yojna | Deposit Rs 7 per month, get a pension of Rs 5,000 a year


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SARKARI YOJNA : Atal Pension Scheme or APY is a pension scheme operated by the Central Government which is open to all citizens.

 It has been started mainly with the objective of providing social and financial security to the senior citizens of India focusing on the unorganized sector. APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the National Pension System (NPS).


Atal Pension Scheme or APY is a pension scheme operated by the Central Government which is open to all citizens. It has been started mainly with the objective of providing social and financial security to the senior citizens of India focusing on the unorganized sector. APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the National Pension System (NPS).

Under the government-backed small savings scheme, a minimum monthly pension of between Rs 1,000 and Rs 5,000 is guaranteed for the beneficiaries. Anyone can start investing in this pension scheme from the age of 18 and after reaching the age of 60 they start getting pension.


Account can be opened for 40 years

Speaking on the APY scheme, Manikaran Singh, a tax and investment expert registered with SEBI, said, "Investors in the Atal Pension Scheme can open an account between the ages of 18 and 40 and continue investing in an APP account till the age of 60." After 60 years, the investor becomes eligible for a monthly pension ranging from Rs.1000 to Rs.5000. The monthly pension that the investor wants is determined based on the APY account opening time and the monthly premium. However, according to PFRDA's new guidelines, anyone can upgrade or downgrade their pension once a year.

Speaking in detail on the APY chart, SEBI-registered tax and investment expert Jitendra Solanki said that if an investor opens an APY account at the age of 18, his monthly premium for an APY pension of Rs 1,000 is Rs 42. Rs. The premium for a monthly pension of Rs 2,000 is Rs 84. For a monthly pension of Rs. 3,000, the APY premium is Rs. Is 126.  For a monthly pension of Rs 4,000, the APY monthly premium is Rs. 168, while the monthly premium for a monthly pension of Rs. 5000 is Rs. 210.

Solanki said that for a 40-year-old APY account holder, the APY chart shows that the premium payment for a monthly APY pension of Rs 1,000 would be Rs 291. 

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This premium is Rs. For a monthly pension of Rs 2,000, it will be doubled, while for a monthly pension of Rs 3,000, Rs 4,000 and Rs 5,000, a monthly premium of Rs 291 for a pension of Rs 1,000 will be tripled, quadrupled and quadrupled.

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