Atal Pension Yojana State Bank of Patiala

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.
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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 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 contributing Number of years that you contribute Pension of Rs 1,000 per month
18 years 42 years Rs 42
19 years 41 years Rs 46
20 years 40 years Rs 50
21 years 39 years Rs 54
22 years 38 years Rs 59
23 years 37 years Rs 64
24 years 36 years Rs 70
25 years 35 years Rs 76
26 years 34 years Rs 82
27 years 33 years Rs 90
28 years 32 years Rs 97
29 years 31 years Rs 106
30 years 30 years Rs 116
31 years 29 years Rs 126
32 years 28 years Rs 138
33 years 27 years Rs 151
34 years 26 years Rs 165
35 years 25 years Rs 181
36 years 24 years Rs 198
37 years 23 years Rs 218
38 years 22 years Rs 240
39 years 21 years Rs 264
40 years 20 years Rs 291

Age at which you start contributing Number of years that you contribute Pension of Rs 2,000 per month
18 years 42 years Rs 84
19 years 41 years Rs 92
20 years 40 years Rs 100
21 years 39 years Rs 108
22 years 38 years Rs 117
23 years 37 years Rs 127
24 years 36 years Rs 139
25 years 35 years Rs 151
26 years 34 years Rs 164
27 years 33 years Rs 178
28 years 32 years Rs 194
29 years 31 years Rs 212
30 years 30 years Rs 231
31 years 29 years Rs 252
32 years 28 years Rs 276
33 years 27 years Rs 302
34 years 26 years Rs 330
35 years 25 years Rs 362
36 years 24 years Rs 396
37 years 23 years Rs 436
38 years 22 years Rs 480
39 years 21 years Rs 528
40 years 20 years Rs 582

Age at which you start contributing Number of years that you contribute Pension of Rs 3,000 per month
18 years 42 years Rs 126
19 years 41 years Rs 138
20 years 40 years Rs 150
21 years 39 years Rs 162
22 years 38 years Rs 177
23 years 37 years Rs 192
24 years 36 years Rs 208
25 years 35 years Rs 226
26 years 34 years Rs 246
27 years 33 years Rs 268
28 years 32 years Rs 292
29 years 31 years Rs 318
30 years 30 years Rs 347
31 years 29 years Rs 379
32 years 28 years Rs 414
33 years 27 years Rs 453
34 years 26 years Rs 495
35 years 25 years Rs 543
36 years 24 years Rs 594
37 years 23 years Rs 654
38 years 22 years Rs 720
39 years 21 years Rs 792
40 years 20 years Rs 873

Age at which you start contributing Number of years that you contribute Pension of Rs 4,000 per month
18 years 42 years Rs 168
19 years 41 years Rs 183
20 years 40 years Rs 198
21 years 39 years Rs 215
22 years 38 years Rs 234
23 years 37 years Rs 254
24 years 36 years Rs 277
25 years 35 years Rs 301
26 years 34 years Rs 327
27 years 33 years Rs 356
28 years 32 years Rs 388
29 years 31 years Rs 423
30 years 30 years Rs 462
31 years 29 years Rs 504
32 years 28 years Rs 551
33 years 27 years Rs 602
34 years 26 years Rs 659
35 years 25 years Rs 722
36 years 24 years Rs 792
37 years 23 years Rs 870
38 years 22 years Rs 957
39 years 21 years Rs 1,054
40 years 20 years Rs 1,164

Age at which you start contributing Number of years that you contribute Pension of Rs 5,000 per month
18 years 42 years Rs 210
19 years 41 years Rs 228
20 years 40 years Rs 248
21 years 39 years Rs 269
22 years 38 years Rs 292
23 years 37 years Rs 318
24 years 36 years Rs 346
25 years 35 years Rs 376
26 years 34 years Rs 409
27 years 33 years Rs 446
28 years 32 years Rs 485
29 years 31 years Rs 529
30 years 30 years Rs 577
31 years 29 years Rs 630
32 years 28 years Rs 689
33 years 27 years Rs 752
34 years 26 years Rs 824
35 years 25 years Rs 902
36 years 24 years Rs 990
37 years 23 years Rs 1,087
38 years 22 years Rs 1,196
39 years 21 years Rs 1,318
40 years 20 years Rs 1,454

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