For the growth and progress of India financial inclusion is a must. The poor people of our nation have no access to basic banking services and bringing banking to the unbanked is the motto of financial inclusion.
A Pension especially for those who work in the unorganized sector is a must and the Atal Pension Yojana is expected to take care of pension under financial inclusion.
Atal Pension Yojana a low cost pension scheme soon to be launched on 1st June 2015 aims to provide pension to those who work in the unorganized sector as this alone can provide social security to all Indians.
The money you contribute to the Atal Pension Yojana has to be paid directly from your bank account. The direct auto debit (On your approval money is debited from your bank account) is the only way you can subscribe to the Atal Pension Yojana.
How much do you need to contribute to get a fixed monthly pension of INR 1000 for (You + Spouse) after you complete 60 years?
Age of
|
Years Of Contribution |
Indicative Monthly Contribution (INR) |
Monthly Pension to the subscriber and his spouse (INR) after 60 years |
Indicative Return of Corpus to nominee of the subscribers (INR) |
|
18 |
42 |
42 |
1000 |
1,70,000 |
|
20 |
40 |
50 |
1000 |
1,70,000 |
|
25 |
35 |
76 |
1000 |
1,70,000 |
|
30 |
30 |
116 |
1000 |
1,70,000 |
|
35 |
25 |
181 |
1000 |
1,70,000 |
| 40 |
20 |
291 |
1000 |
1,70,000 |
The Atal Pension Yojana promises to be a boon to the workers in the unorganized sector for those who have no access to the Employee Provident Fund and the Employee Pension Scheme.
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