Atal Pension Yojana: In addition to celebrating, Diwali and Chhath Puja are a time to safeguard your future and that of your family. The Atal Pension Yojana (APY) may be a great choice for you if you want a consistent monthly pension in your later years. After you turn 60, you can get a pension under this plan worth up to ₹5,000 each month.

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

A government pension plan called the Atal Pension Yojana (APY) was created especially for people without regular jobs or who are not covered by the pension system. After the age of 60, you receive a set pension and pay monthly premiums determined by your income and convenience.

How to Put Money Into the Plan

It’s really easy to invest in this plan. You must speak with the plan officer in person at your bank. There, your name will be put to the scheme and your KYC will be conducted.

At age 60, you would then have to choose how much of the ₹1,000–₹5,000 pension you wish to receive. The Atal Pension Yojana (APY) is linked to your bank account, and each month the plan’s premium is taken out of it. This guarantees your pension in the future and relieves you of financial concerns as you age.

It’s Time to Protect Your Future

Saving a small amount now can create a solid basis for your future financial security and that of your family at this auspicious time of Diwali and Chhath. You may guarantee this significant phase of your life by enrolling in the Atal Pension Yojana (APY).

Disclaimer: The government data and news reports that are currently available served as the basis for this article. Future changes may be made to the plan’s terms and conditions, pension amount, and premiums.