The Atal Pension Scheme 2024 is a scheme introduced by the Central Government of India. Its main aim is to provide pensions to the citizens of the country. This Atal Pension Scheme 2024 falls under the category of Central Government initiatives. Both online and offline methods are available for citizens to apply for the Atal Pension Scheme 2024. For more information and to apply, individuals can visit the official website.
On the 9th of May year 2015, Prime Minister Shri Narendra Modi initiated the Atal Pension Yojana 2024. This Atal Pension Scheme 2024 allows citizens aged 18 to 40 to invest. Under the Atal Pension Yojana 2024, investors are required to invest for 20 years. When the investor reaches the age of 60, they will receive a pension benefit every month.
The Atal Pension Scheme 2024 is operated by the Pension Fund Regulatory and Development Authority PFRDA under the National Pension System. Under this Atal Pension Govt scheme, individuals need to deposit a monthly premium of Rs. 210. Any citizen can avail of the benefits of this pension scheme. It is specifically designed to provide pensions to employees in the unorganized sector after they reach the age of 60.
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Overview of the Atal Pension Scheme 2024
Name of the scheme | Atal Pension Yojana 2024 |
Scheme Initiated By | Central Government of India |
Scheme launched on | 9th of May year 2015 |
Beneficiaries | Citizens of the country |
Objective | To Provide pensions to the elder people |
Category of the scheme | Central Government Scheme |
Application Process | Online and offline |
Official Website | Click here |
Through the Atal Pension Yojana, applicants can avail pension amounts ranging from Rs. 1,000 to Rs. 5,000 per month. Upon reaching the age of 60 under this Atal Pension Scheme 2024, candidates will receive the pension amount based on their investment. This enables them to lead their lives in old age without depending on others, comfortably managing their livelihood.
Objectives Of the Atal Pension Scheme 2024
The main goal of starting the Atal Pension Yojana 2024 by the Central Government is to provide pensions to employees in the unorganized sector of the country after they reach the age of 60. This is to ensure that the beneficiaries can lead their lives in old age without any financial difficulties. Additionally, it aims to enable them to fulfil their smallest needs without depending on others.
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Benefits and Key Facts of Atal Pension Yojana 2024
- Under the Atal Pension Yojana, citizens aged 18 to 40 can avail benefits.
- After reaching the age of 60, beneficiaries will receive a pension ranging from Rs. 1,000 to Rs. 5,000, with 50% of the amount contributed by the government.
- Pension payments will be made under the Atal Pension Yojana Apply 2024. In the event of the investor’s demise, the accumulated amount will be paid to the nominee.
- Candidates must contribute for a minimum of 20 years to avail the benefits of this scheme.
- Under APY, a monthly premium of Rs. 210 must be deposited until the age of 42.
- The premium amount is deducted monthly from the beneficiary’s account, relieving them from the worry of depositing the premium amount.
- Both organized and unorganized sector workers can benefit from this scheme.
Eligibility Criteria for the Atal Pension Yojana 2024
- The applicant must be a citizen of India.
- The age of the applicant should be between 18 and 40 years.
- The candidate will be eligible to receive the pension benefit after reaching the age of 60.
- The applicant’s bank account must be linked with the Aadhaar card.
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Documents Required for Atal Pension Yojana Apply Online 2024
To apply for the Atal Pension Yojana, candidates will need the following documents:
Aadhaar Card | Income Proof Certificate |
Caste Certificate | Residence Proof Certificate |
Bank Account Passbook | Mobile Number |
Email ID | Passport Size Photo |
How you can apply for the Atal Pension Scheme 2024?
If you want to register yourself for the Atal pension scheme then, you have two choices either you can apply by online mode or you can apply through the offline mode. Here below we have mentioned both method steps, you can choose any of them at your convenience
Online Method
You can visit your nearest bank to apply offline, or you can apply online through the bank’s official website. Below is the process to apply online, which you can follow easily:
- First, you need to go to the official website of the National Pension Scheme.
- Then, the home page of the website will appear.
- On the home page, you need to click on the option for Atal Pension Yojana 2024.
- As you click, a new page will open in front of you.
- Now, you have to enter your personal information, mobile number, and email ID on this page.
- After that, you will receive an OTP on your mobile number, which you need to enter.
- Now, you have to select one or two options for your bank account on the next page.
- Then, you need to enter the details of your bank account.
- After paying the premium, you have to click on the submit option.
By following this process, you will complete the Atal Pension Scheme 2024 application process for the Atal Pension Yojana. After this, you will need to pay a premium of 210 rupees every month.
Offline Method
- To apply offline, you first need to visit your nearby bank or post office.
- Upon reaching there, you need to obtain the application form for the Atal Pension Yojana from the bank employee.
- After receiving the Atal Pension Scheme 2024 application form, you have to fill in the required information.
- Then, you need to attach the requested documents with the application form and submit it to the relevant officials.
- Along with that, you will also need to make the payment of the premium amount.
- After submitting the form, you will receive a registration receipt, which you should keep safe with you.