Atal Pension Yojana State Bank of Patiala Last Updated : 16 Oct 2019

You can subscribe to Atal Pension Yojana through State Bank of Patiala as the bank offers people with the opportunity to subscribe to this central pension scheme. It can assure that people get a certain amount of money as a pension every month.

The Government of India has launched a very beneficial pension scheme in Feb, 2015 that is aimed at workers in the unorganized sector and helping them to avail pension benefits. Atal Pension Yojana scheme will be administered by the Pension Fund Regulatory and Development Authority of India, commonly known as the PFRDA. People in the unorganized sector do not have access to any pension scheme and they are also not known to save a lot of money. Hence, they are at the risk of financial uncertainty once they grow old and retire. This is why the government came up with this pension scheme that can offer people with monthly pensions of INR 1,000 to INR 5,000.

Overview of SBP Atal Pension Yojana

For the poorest of the people who are not covered by any other social scheme offered by the central or state governments, the Government of India will also make a contribution to their pension schemes and will help them to get a steady income every month after they retire.

Features & Benefits of State Bank of Patiala Atal Pension Yojana

The subscribers will be able to earn a steady income in the amount of INR 1,000 to INR 5,000 every month.

The benefits of SBP Atal Pension Yojana scheme are guaranteed and so the subscribers can be assured that they will get a monthly pension when they retire.

Those subscribers whose annual income is low and are not required to pay income tax will get a co-contribution from the Government of India in the tune of INR 1,000 per annum or 50 percent of the amount contributed by the subscriber, whichever is lower. Eligible subscribers will enjoy contributions from the Government of India for 5 years. Each subscriber can only open a single account by filling Atal Pension Yojana Form in his or her name under this pension scheme.

People can contribute from the age of 18 and till the age of 40.

The benefits of SBP Atal Pension Yojana scheme are paid only after the subscriber retire at the age of 60.

The tables below give you a description of how much you need to contribute and for how many years to enjoy pension of INR 1,000 to INR 5,000.

Age at which you start contributing Number of years that you contribute Pension of Rs 1,000 per month Pension of Rs 2,000 per month Pension of Rs 3,000 per month Pension of Rs 4,000 per month Pension of Rs 5,000 per month
18 years 42 years Rs 42 Rs 84 Rs 126 Rs 168 Rs 210
19 years 41 years Rs 46 Rs 92 Rs 138 Rs 183 Rs 228
20 years 40 years Rs 50 Rs 100 Rs 150 Rs 198 Rs 248
21 years 39 years Rs 54 Rs 108 Rs 162 Rs 215 Rs 269
22 years 38 years Rs 59 Rs 117 Rs 177 Rs 234 Rs 292
23 years 37 years Rs 64 Rs 127 Rs 192 Rs 254 Rs 318
24 years 36 years Rs 70 Rs 139 Rs 208 Rs 277 Rs 346
25 years 35 years Rs 76 Rs 151 Rs 226 Rs 301 Rs 376
26 years 34 years Rs 82 Rs 164 Rs 246 Rs 327 Rs 409
27 years 33 years Rs 90 Rs 178 Rs 268 Rs 356 Rs 446
28 years 32 years Rs 97 Rs 194 Rs 292 Rs 388 Rs 485
29 years 31 years Rs 106 Rs 212 Rs 318 Rs 423 Rs 529
30 years 30 years Rs 116 Rs 231 Rs 347 Rs 462 Rs 577
31 years 29 years Rs 126 Rs 252 Rs 379 Rs 504 Rs 630
32 years 28 years Rs 138 Rs 276 Rs 414 Rs 551 Rs 689
33 years 27 years Rs 151 Rs 302 Rs 453 Rs 602 Rs 752
34 years 26 years Rs 165 Rs 330 Rs 495 Rs 659 Rs 824
35 years 25 years Rs 181 Rs 362 Rs 543 Rs 722 Rs 902
36 years 24 years Rs 198 Rs 396 Rs 594 Rs 792 Rs 990
37 years 23 years Rs 218 Rs 436 Rs 654 Rs 870 Rs 1,087
38 years 22 years Rs 240 Rs 480 Rs 720 Rs 957 Rs 1,196
39 years 21 years Rs 264 Rs 528 Rs 792 Rs 1,054 Rs 1,318
40 years 20 years Rs 291 Rs 582 Rs 873 Rs 1,164 Rs 1,454

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