Atal Pension Yojana: How to get Rs 1K, 2K, 3K, 4K and 5K monthly pension under APY scheme

Retirement planning from an early age is important as it helps you achieve financial freedom at an early age.

Secondly, it ensures you some monthly income in old age that decreases your dependency on others.

With this view, the central government runs the Atal Pension Yojana, which gives a guaranteed income of Rs 1,000, 2,000, 3,000, 4,000, and 5,000 a month after one attains the age of 60 The pension you get depends on your monthly contributions before age 60. One can start investing money at the age of 18 and contribute until they are 60.

However, only people aged 18-40 are eligible to open an APY account. The sooner you start, the lower your monthly contribution will be.

The scheme is very popular since it gives a guaranteed monthly income to crores of pension holders across India.

In this write-up, we will tell you, starting at 25 years of age, how much you have to contribute to get guaranteed pensions of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, and Rs 5000, respectively.

Before that, just have a look at some of the salient features of the Atal Pension Yojana.

Atal Pension Yojana (APY): What is Atal Pension Yojana?

Atal Pension Yojana is a central government pension scheme aimed at aiding unorganised sector workers.

The pension scheme provides a monthy guaranteed pension.

One can start investing in the APY scheme at the age of 18 and can contribute up to the age of 60.