BANKING AFFAIRS

Detailed explanation-1: -Under the APY, guaranteed minimum pension of Rs. 1, 000/-or 2, 000/-or 3, 000/-or 4, 000 or 5, 000/-per month will be given at the age of 60 years depending on the contributions by the subscribers.

Detailed explanation-2: -By investing through this scheme, one can get a fixed pension ranging from Rs. 1, 000 to a maximum of Rs. 5, 000/month. The eligible Atal Pension Yojana age limit is 18 and up to 40 years.

Detailed explanation-3: -Under this scheme, a minimum monthly pension between Rs. 1000 to Rs. 5000 is guaranteed for the beneficiaries. Subscribers can opt for a monthly pension which could be 1000, 2000, 3000, 4000 or 5000 rupees, which will start after the age of 60 years.

Detailed explanation-4: -The scheme is also open to college students. The maximum age is 40 years. It is because the minimum contribution period is 20 years. At the age of 60, you will start receiving your pension.

Detailed explanation-5: -All bank account holders are eligible to join the APY scheme. Individuals will start receiving pension once they reach the age of 60. Private sector employees who are not provided any pension benefits are also allowed to apply for Atal Pension Yojana scheme. You have an option of receiving a fixed pension of Rs.