Scheme provides pension plans to people to make their life well in their old age. These kind of schemes help people at the time they are not able to work or earn for their living.
Eligibility:
The scheme is available to all bank account holders between 18 and 40 years of age. You need to contribute for 20 years or more under the scheme.
Features:
According to this scheme you will be able to get pension of Rs 1,000 to Rs 5,000 per month, at the age of 60 years. Which varies on the age of joining the APY? Government provides the benefits of the scheme on the basis of current age. For example, a 35-year-old needs to pay Rs 902 a month for a pension of Rs 5,000.
Government also contributes 50% of your contribution.
But many of our people are still not aware or have information about these schemes due to lack of sources or communication by the government officials. Although we can get this information anytime from government websites or can get the information when it is available on newspaper or tv but due to lack of resources many places are still not aware about these government scheme.
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