Home / NATION / Modi govt’s scheme: Invest just Rs 210/month now, and get Rs, 60,000 every year – Here is how
In order to achieve this, either you can invest Rs 210 per month for 42 years or invest Rs 1,454 per month for two decades. (Reuters) (Credits: The Financial Express)

Modi govt’s scheme: Invest just Rs 210/month now, and get Rs, 60,000 every year – Here is how

Planning to save money to enjoy life after retirement?

In order to achieve this, either you can invest Rs 210 per month for 42 years or invest Rs 1,454 per month for two decades.

Atal Pension Yojana (APY) is a scheme run by the government which mainly focuses on the unorganised sector employees.

An individual can start investing in the pension plan between the age of 18 and 40 years to earn a fixed minimum monthly pension ranging from Rs 1000 to Rs 5000, depending on the contribution and the age of the person.

APY is open to all citizens of India. This means subscribers will get a total of Rs 60,000 if they invest Rs 210 every month. All they need to do is open a savings account either with a bank or a post office.

Who can invest in Atal Pension Yojana?

According to PFRDA, APY is focussed on all citizens in the unorganised sector. The scheme was launched in May 2015, and is administered by PFRDA and implemented via all the banks nationwide.

APY is good for people who belong to lower income group or those individuals who do not have a fixed employment, according to a report by NDTV.

How to save Rs 2,43,120 by starting at 18 years of age:

 

Comments

About Team Postman

Check Also

Hot food and chilled beverages: Indian Railways engine-less Train 18 to have swanky pantry for passengers

Train 18, Indian Railways’ first engine-less train for inter-city travel, will not only mark a …

7 comments

  1. Simply great

  2. Dear Sir

    Wish to start

  3. Bholanath Mishra

    My dehradun ke antar gat selaqui me rhata hu mujhe aap se thori madad chahiye.

  4. It’s a great initiative by our Honorable PM Shri Narendra Modiji which has benefitted lakhs of citizens in the unorganized sector. It also proves that now we have a government led by Modiji which really cares for the poor & needy people of this great nation

  5. Something for senior citizens like 5 YRS, 10 yrs scheme. Will be good.

  6. Great initiative.. honorable pm sree modi ji thank you so much.

  7. Modi zab zinda bad!!!!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Postman,Postman News,Postmannews,Piyush Goyal education,Suresh Prabhu education