You can get a lifetime pension by saving only Rs 210 per month, Know how to invest

It is important to invest in the right plan to meet future needs . But it is not possible to invest more in low pay. Such people can opt for the Atal Pension Scheme run by the government. In this you can get a pension of up to Rs 5,000 by saving only Rs 210 per month . You will get the benefit of this for life. So find out what the plan is and how you can take advantage of it.

What is Atal Pension Plan

Atal Pension Scheme is beneficial for low income people. It is managed by PFRDA. In this, a person can get a fixed amount of pension after 60 years. In this a person can get a pension of Rs.1000 to Rs.5000. For this, you have to contribute on your own.

How the amount of premium is determined

If an investor opens an APY account at the age of 18 and needs a monthly pension of Rs.1000, he will have to deposit Rs.42 per month. Similarly, the premium for a monthly pension of Rs 2,000 is Rs 84. Premium for 3000 monthly pension will be Rs. 126, Rs. 168 for 4000 pension and Rs. 210 for 5000 monthly pension. If you have opened this account after 18 years, the premium will be determined according to your age and pension amount.

Spouses or nominees can take money

If the person involved in the scheme dies 60 years ago, then his wife and husband can deposit money in the scheme and get a pension every month after 60 years. If you want, you can claim a unit amount in it. If not both, the nominee can take this amount.