I am Seethalakshmi from Vagarai. Nataraj sir told that there is pension scheme in Ambedkar union. How to apply it what are the proceed to apply?

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APY scheme that is Atal pension Yojana scheme, is for workers from unorganised sector to give them pension. Under this scheme people after reaching the age of 60, they will get pension. This motivates them to choose a pension scheme when they are old. The pension will be based on the contribution done by the individual. It can be from Rs. 1000 to 5000. If a worker pays a particular amount even the Govt pays half of the worker's contribution. How to apply for this? A worker should be Indian Citizen. Age limit is from 18 to 40. Active and Valid Adhar number and Mobile number and bank account should be there. By contacting nearest bank or post office and by filling APY scheme form you can invest in it. Minimum investment is, if a worker wants to get Rs.1000 then he should pay Rs.42. if a worker wants to get Rs. 5000 then he should pay Rs.210. Maximum investment can be for a person aged 39 and willing to get Rs.1000 as pension his contribution will Rs.264. If he want to get Rs.5000 then he should pay Rs. 1318. Investment period for a person who is 40 years old is 20 years. If a person in 25 years old his investment period will be 35 years. Can we get the money before? Under Atal Pension Scheme there is no Mature withdrawal. If a person is dead his wife can get the pension. If a person is sick, he is allowed to get it. So workers from unorganised sectors join this scheme and get benefited by applying for it.
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Dec. 4, 2020, 10:52 a.m. | Tags: govt entitlements   pension   int-Q&A   int-EKEP