Atal Pension Yojana: Married couples can get up to Rs 10,000 monthly pension

Pension planning is really important for those who are looking for a secured retirement. The Atal Pension Yojana(APY), which was introduced by the government of India in the Budget year 2015-2016, offers great benefits to married couples for a secure life in their old age. Both husband and wife can have individual accounts in this yojana and receive pension benefits of up to Rs 5000 each.

There are so many other benefits of this scheme, read further to know how one can avail them.

What is Atal Pension Yojana?

It is a scheme introduced by the Government of India to encourage and enable the poor working people to save for their retirement. The GoI hence announced the new scheme called Atal Pension Yojana in the 2015-16 budget session. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through NPS architecture.

As per this scheme, an account holder can receive from a minimum of Rs 1000 to a maximum of Rs 5000 as monthly pension after retirement.


Though when the plan began in 2015, it was only available for people under the unorganised sector, but now any Indian citizen between the age of 18 and 40 can invest in this scheme. According to the guidelines of this scheme, the depositor will start receiving the pension from the age of 60 onwards.

Benefits of Atal Pension Scheme

  • An Indian citizen between the age of 14 and 40 can apply for the Atal Pension Yojana.
  • The applicant needs to have an account in either a bank or Post office.
  • A person can only have one Atal pension account.
  • The earlier one starts investing in this scheme the more they will be profited with their pension.
  • If a person applies for the Atal Pension Yojana at the age of 18, they need to invest only Rs 210 per month in order to receive up to Rs 5000 as their pension.

How To Receive Pension of Rs 10000

  • Married couples below the age of 39 can receive the profits of this scheme.
  • Spouses below the age of 30 needs to deposit only Rs 577 in their APY account as their monthly contribution.
  • If both the Husband and wife are aged above 35, then they need to contribute Rs 902 per month in their account.
  • If one of the partner dies then the other half will receive the entire monthly pension amount along with Rs 8.5 lakhs.

Tax benefits

Tax benefits are also available under this scheme. People investing in the Atal Pension Yojana can get up to Rs. 1.5 lakh tax benefit under the Income Tax act 80C.

Among the NPS subscribers, almost 3.77 crores or 89 per cent are from the non-metropolitan cities. In case of untimely death of the person who is associated with this scheme, then there is also a provision to continue the benefit to his family.

(Source- Zee News.India)

Also Read: 7th Pay Commission: A monthly pension of Rs 1.25 lakh can be received by family pensioners

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