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HomeFinanceGet Rs 3,40,000 payout by choosing Rs 2,000 pension option: Atal Pension Yojana

Get Rs 3,40,000 payout by choosing Rs 2,000 pension option: Atal Pension Yojana

The national pension scheme known as Atal Pension Yojana was announced in the Union Budget for the years 2015–2016.

In 2015, the government launched the Atal Pension Yojana, a pension program. It ensures financial security for those who continue to work in an unorganized sector after retirement. In order to receive the collected corpus when they turn 60, qualified participants are encouraged to make regular contributions through this program.

A pension can be chosen by a person 1,000, Rs. 2,000, Rs. 4,000, or Rs. 5,000 when they turn 60, depending on how much they contributed to the plan and when they first joined.

If both the contributor and their spouse pass away, the nominee can also claim the pension when the contributor passes away. The funds collected by the scheme are supervised by the Pension Funds Regulatory Authority of India (PFRDA).

Calculator for the Atal Pension Yojana
An Atal Pension Yojana digital calculator can be used to predict the monthly payout and expected returns. Therefore, let’s examine the Atal Pension Yojana calculator’s usage.

Before beginning, use the Atal Pension Yojana calculator to determine the amount of your required payment. The amount you pay each month will be determined by your pension option and the age at which you started investing.

For instance, in order to receive your pension at age 60, you will need to continue investing in this plan for 42 years if you start investing at the age of 18. If you choose the Rs 1,000 pension option when you are 18 years old, your contribution will be Rs 42.

Each month, the bank will deduct between Rs 42 and 291 from your account if you select the 1,000 pension option. The nominee might anticipate receiving 1.7 lakhs upon the subscriber’s death.

Now, if you select the 2,000 pension option, the bank will deduct between Rs. 84 and Rs. 528 per month from your account. The nominee may anticipate receiving Rs. 3.4 lakh upon the subscriber’s death.


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