Atal Pension Yojana – Benefits and Features of Popular Pension System launched by Govt recently
Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
Vasant Kunj, New Delhi-110070
ATAL PENSION YOJANA – BENEFITS AND FEATURES
1. Anybody in the age group of 18-40 years can join !!
2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.
3. Your contribution depends on your age and the pension plan you choose!
4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!
5. You can be an Income tax payer and still join APY.
6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!
7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.
The monthly contribution chart for different age groups and pension amounts is given below:
Joining Age Years of Contribution Indicative Monthly Contribution under APY (Rs.)
Monthly pension of Rs. 1000. Indicative return of corpus Rs 1.70 lacs Monthly pension of Rs. 2000. Indicative return of corpus Rs3.40 lacs Monthly pension of Rs. 3000. Indicative return of corpus Rs 5.10 lacs Monthly pension of Rs. 4000. Indicative return of corpus Rs6.80 lacs Monthly pension of Rs. 5000. Indicative return of corpus Rs 8.50 lacs 18 42 42 84 126 168 210 19 41 46 92 138 183 228 20 40 50 100 150 198 248 21 39 54 108 162 215 269 22 38 59 117 177 234 292 23 37 64 127 192 254 318 24 36 70 139 208 277 346 25 35 76 151 226 301 376 26 34 82 164 246 327 409 27 33 90 178 268 356 446 28 32 97 194 292 388 485 29 31 106 212 318 423 529 30 30 116 231 347 462 577 31 29 126 252 379 504 630 32 28 138 276 414 551 689 33 27 151 302 453 602 752 34 26 165 330 495 659 824 35 25 181 362 543 722 902 36 24 198 396 594 792 990 37 23 218 436 654 870 1,087 38 22 240 480 720 957 1,196 39 21 264 528 792 1,054 1,318 40 20 291 582 873 1164 1454 SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH
For more information, Please call on our APY Toll free No. 1800110069
