Atal Pension Yojna

Atal Pension Yojna is the pension scheme for the labours who work in unorganized area. If you get involve in this pension  scheme then the government will give pension to your wife and children.

If you got the benefit of this pension then you will get Rs 1000 to Rs 5000 from the age of 60. You may get Rs 1000, Rs 2000, Rs 3000, Rs 4000, Rs 5000. It depends on situation.

If you contribute in this pension scheme then you will get better return. After the death of a person his family will get money.

Benefits Of Atal Pension Yojna

This pension scheme has a lot of benefits. lets discuss all benefits of Atal Pension Yojana (API).

• Applicant get pension from 60 years of his age till death.
• After the death of applicant his family will get pension.
• After the death of husband or wife, the nominee will get the deposit amount (whichever is deposited till age 60).

Eligibility Of Atal Pension Yojna

• Applicant should be candidate of India.
• The age of applicant should not be less than 18 years.
• The age of applicant should note be more than 40 years.
• The applicant should also have saving account in the bank.

How To Open Account In Atal Pension Yojna

• Visit your nearest bank account and apply for the scheme. You can see Atal Pension Yojana form by clicking here. You can also download form from here.
• The candidate can open account by visiting any government bank such as SBI, PNB etc.
• If you want to open Atal Pemsion Yojana account then visit this portal click here.
• If you don not have any money in your saving account then you will have to pay fine for it. The penalty will be 1 rupee per 100 rupees if not deposited.

After Registration May I increase or decrease the pension amount under the Atal Pension Yojna?

• It is possible that you start with a pension amount. But in the future, you may want to increase or decrease your pension amount.
• This is the provision of the Atal Pension Scheme.
• In case you want to increase the pension amount, the investor (payee) will have to pay the difference in contribution amount. You need  to pay 8% monthly compounding interest along with the payment.
• The applicant can do it once in the year.
• You can only do this in the month of April.
• You can only change in pension before the age of 60.

Tax Benefits Of Atal Pension Yojna

• You can avail Tax Benefit for up to 20% of your anual income in the APY (maximum 1.5 lakh per financial year) under Section 80CCD (1).
• It comes under the limit of 1.5 lakh under Section 80C.
• You can avail an additional tax benefit of up to Rs 50,000 under section 80 CCD (1B) for investment in the Atal Pension Scheme.

Can I am Eligible To Open Two Account In Atal Pension Yojna?

• No, you are not eligible to open two account in atal pension yojana.
• Applicant can not open more than one account under this scheme.

Can I close my Account Before 60 years?

• Yes, you can also close your account before the age of 60 but only in the case of treatment for any serious illness such as  kidney failure, cancer, total blindness end state renal failure, multiple sclerosis, primary pulmonary arterial hypertension, aorta graft surgery, major organ transplant, stroke, coronary artery bypass graft,  myocardial infarction, heart valve surgery,   coma, and paralysis.
• You can also close your account if you are not able to contribute in Atala Pension Yojana.
• After closing Atal Pension Yojana, you will also get money in return that you have contributed in Atal Pension Yojana (API).

For further details you can visit: http://www.awasyojanajaipur.com