Atal Pension Yojana offers up to Rs 5,000 pension per month

What are the know eligibility ?  How to enrolled ?

1/7. Guaranteed pension scheme

Introduced in 2015, the Atal Pension Yojana is a government-backed social security scheme that offers a guaranteed pension after retirement.

2/7. Who can enroll in Atal Pension Yojana?

1) The age of the subscriber should be between 18 to 40 years.   2) A subscriber should have a savings bank account or post office account to enroll in the scheme.

1) Anyone who fulfills the above prerequisites can approach a bank branch or a post office to register for Atal Pension scheme.  3) This can be done online as well. The person should apply for a PRAN card, which is a registration under the NPS, and fill up the APY registration form.

3/7. How to join?

4/7. How much pension will a subscriber get?

A subscriber needs to pay a premium — monthly, quarterly, or half-yearly — till he or she turns 60.  After that, he or she will get a fixed monthly pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4000, or Rs 5,000, depending on his or her contributions.

5/7. What amount does subscriber need to contribute towards APY?

An individual will get an option to select the monthly pension amount from Rs.1000, Rs.2000, Rs.4000, or Rs.5000 at the time of joining. His or her contribution will depend on his age at the time of starting the scheme, frequency of contribution, and how much return he wants post-retirement.

6/7. Income tax benefits of Atal Pension Yojana

Do note that contributions made into the Atal Pension Yojana scheme are eligible for tax deduction under Section 80CCD of the Income Tax Act, 1961.

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7/7. Aimed at unorganized sector workers

Atal Pension Yojana is aimed at providing financial security to people in the unorganised sector workers during their retirement life.

Cashback SBI credit cad - 

a) You can avail 5 per cent cashback on every online spend. Do note that this 5 per cent cashback is limited to Rs 10,000 per billing statement per month. After that, you will get base card cashback of 1 per cent on eligible online and offline spending. b) You will get 1 per cent cashback on all offline spends and utility bill payments