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|
Atal Pension Yojana Top Pages
- Atal pension Yojana
- Atal pension yojana premium
- atal pension yojana withdrawal
- APY Calculator
- Apply for atal pension yojana
- Atal pension yojana online
- How to close APY Account
- Atal Pension Yojana Allahabad Bank
- Atal Pension Yojana Form
- Andhra Bank Atal Pension Yojana
- Atal Pension Yojana Pension Return
- Atal Pension Yojana Tax Benefits
- Atal Pension Yojana Benefits
- Atal Pension Yojana Penalty Charges
Atal Pension Yojana Other Pages
- Atal pension Yojana SBI
- Atal Pension Yojana Canara Bank
- Atal Pension Yojana State Bank of Patiala
- Atal Pension Yojana ICICI Bank
- Atal Pension Yojana UCO Bank
- Punjab National Bank Atal pension Yojana
- How to Get Atal Pension Scheme
- Indusind Bank Atal Pension Yojana
- Syndicate Bank Atal Pension Yojana
- Union Bank of India Atal pension Yojana
- Vijaya Bank Atal Pension Yojana
- How To Withdraw From Atal Pension Yojana Account
- Atal Pension Yojana Scheme Rules
- Atal Pension Yojana Age Limit