Atal Pension Yojana: Secure your Retirement with Rs. 60,000 Pension

Are you concerned about financial security in your golden years, especially if you work in the unorganized sector without the promise of a pension?

Worry not!

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With a monthly investment of just Rs 210, you can ensure a maximum pension of Rs 5,000 per month post-retirement, starting from the age of 60.

This government initiative, known as Atal Pension Yojana, guarantees a monthly pension based on your investment capacity and retirement needs.

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Atal Pension Yojana Details

Atal Pension Yojana was introduced by the government in the 2015-16 budget to address the income security needs of senior citizens. This initiative aims to encourage savings, particularly among individuals working in the unorganized sector.

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It’s designed to safeguard those who might otherwise face the risk of financial instability during their retirement years.

The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

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A Monthly Pension of up to Rs 5,000

Atal Pension Yojana offers subscribers the opportunity to receive a monthly pension ranging from Rs 1,000 to Rs 5,000. The Indian government guarantees the minimum pension benefit, contributing 50 percent of the subscriber’s contribution or Rs 1,000 annually, whichever is lower.


This government contribution is available to individuals not covered by any statutory social security scheme and who aren’t taxpayers.

Under the scheme, individuals can choose pensions of Rs 1,000, 2,000, 3,000, 4,000, or 5,000 based on their investment capacity.


Eligibility for Atal Pension Yojana: Ages 18 to 40

The scheme is open to all Indian citizens between the ages of 18 and 40.

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Affordable Contributions: Starting at Rs 210 per Month

As per the current regulations, a person aged 18 who wants to secure a monthly pension of up to Rs 5,000 will need to contribute Rs 210 per month or Rs 7 every day.

Those who prefer quarterly payments will need to invest Rs 626 every three months, and semi-annual contributions will amount to Rs 1,239.

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To qualify for a monthly pension of Rs 1,000, an 18-year-old will need to invest just Rs 42 every month.

The Early Bird Advantage

Joining the Atal Pension Yojana at a young age is financially advantageous. For example, if you decide to secure a monthly pension of Rs 5,000 at age 35, you’ll need to deposit Rs 5,323 every six months for 25 years.

In this scenario, your total investment will be Rs 2.66 lakh, and you’ll receive a monthly pension of Rs 5,000 upon retirement.

However, if you start at the age of 18, your total investment will be only Rs 1.04 lakh, saving you approximately Rs 1.60 lakh for the same pension. Early enrollment ensures substantial financial benefits in the long run.


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