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  • Atal Pension Yojana State Bank of Patiala

    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

    You can subscribe to Atal Pension Yojana through the State Bank of Patiala as the bank offers people with the opportunity to subscribe to this central pension scheme. It is a guaranteed pension scheme that can assure that people get a certain amount of money as a pension every month so that they can take care of their finances and lead a dignified life. 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 and 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 contributingNumber of years that you contributePension of Rs 1,000 per month
    18 years42 yearsRs 42
    19 years41 yearsRs 46
    20 years40 yearsRs 50
    21 years39 yearsRs 54
    22 years38 yearsRs 59
    23 years37 yearsRs 64
    24 years36 yearsRs 70
    25 years35 yearsRs 76
    26 years34 yearsRs 82
    27 years33 yearsRs 90
    28 years32 yearsRs 97
    29 years31 yearsRs 106
    30 years30 yearsRs 116
    31 years29 yearsRs 126
    32 years28 yearsRs 138
    33 years27 yearsRs 151
    34 years26 yearsRs 165
    35 years25 yearsRs 181
    36 years24 yearsRs 198
    37 years23 yearsRs 218
    38 years22 yearsRs 240
    39 years21 yearsRs 264
    40 years20 yearsRs 291
    Age at which you start contributingNumber of years that you contributePension of Rs 2,000 per month
    18 years42 yearsRs 84
    19 years41 yearsRs 92
    20 years40 yearsRs 100
    21 years39 yearsRs 108
    22 years38 yearsRs 117
    23 years37 yearsRs 127
    24 years36 yearsRs 139
    25 years35 yearsRs 151
    26 years34 yearsRs 164
    27 years33 yearsRs 178
    28 years32 yearsRs 194
    29 years31 yearsRs 212
    30 years30 yearsRs 231
    31 years29 yearsRs 252
    32 years28 yearsRs 276
    33 years27 yearsRs 302
    34 years26 yearsRs 330
    35 years25 yearsRs 362
    36 years24 yearsRs 396
    37 years23 yearsRs 436
    38 years22 yearsRs 480
    39 years21 yearsRs 528
    40 years20 yearsRs 582
    Age at which you start contributingNumber of years that you contributePension of Rs 3,000 per month
    18 years42 yearsRs 126
    19 years41 yearsRs 138
    20 years40 yearsRs 150
    21 years39 yearsRs 162
    22 years38 yearsRs 177
    23 years37 yearsRs 192
    24 years36 yearsRs 208
    25 years35 yearsRs 226
    26 years34 yearsRs 246
    27 years33 yearsRs 268
    28 years32 yearsRs 292
    29 years31 yearsRs 318
    30 years30 yearsRs 347
    31 years29 yearsRs 379
    32 years28 yearsRs 414
    33 years27 yearsRs 453
    34 years26 yearsRs 495
    35 years25 yearsRs 543
    36 years24 yearsRs 594
    37 years23 yearsRs 654
    38 years22 yearsRs 720
    39 years21 yearsRs 792
    40 years20 yearsRs 873
    Age at which you start contributingNumber of years that you contributePension of Rs 4,000 per month
    18 years42 yearsRs 168
    19 years41 yearsRs 183
    20 years40 yearsRs 198
    21 years39 yearsRs 215
    22 years38 yearsRs 234
    23 years37 yearsRs 254
    24 years36 yearsRs 277
    25 years35 yearsRs 301
    26 years34 yearsRs 327
    27 years33 yearsRs 356
    28 years32 yearsRs 388
    29 years31 yearsRs 423
    30 years30 yearsRs 462
    31 years29 yearsRs 504
    32 years28 yearsRs 551
    33 years27 yearsRs 602
    34 years26 yearsRs 659
    35 years25 yearsRs 722
    36 years24 yearsRs 792
    37 years23 yearsRs 870
    38 years22 yearsRs 957
    39 years21 yearsRs 1,054
    40 years20 yearsRs 1,164
    Age at which you start contributingNumber of years that you contributePension of Rs 5,000 per month
    18 years42 yearsRs 210
    19 years41 yearsRs 228
    20 years40 yearsRs 248
    21 years39 yearsRs 269
    22 years38 yearsRs 292
    23 years37 yearsRs 318
    24 years36 yearsRs 346
    25 years35 yearsRs 376
    26 years34 yearsRs 409
    27 years33 yearsRs 446
    28 years32 yearsRs 485
    29 years31 yearsRs 529
    30 years30 yearsRs 577
    31 years29 yearsRs 630
    32 years28 yearsRs 689
    33 years27 yearsRs 752
    34 years26 yearsRs 824
    35 years25 yearsRs 902
    36 years24 yearsRs 990
    37 years23 yearsRs 1,087
    38 years22 yearsRs 1,196
    39 years21 yearsRs 1,318
    40 years20 yearsRs 1,454
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