As individuals age, the concern for financial stability increases, as they may face various problems due to lack of performance to meet their financial needs. This is where the Senior Citizen Scheme comes into play. The central government has launched this scheme to provide financial assistance to individuals in their old age. The Senior Citizen Scheme, also known as Atal Pension Yojana, offers a pension of up to 5,000 rupees per month directly to the beneficiary's bank account.
The Atal Pension Yojana is available to all citizens of the country between the ages of 18 and 40 years. To enroll in this scheme, individuals must open a savings account with a bank or local post office and then register for the scheme. By regularly depositing a fixed amount of money, individuals can receive a pension of between 1,000 to 5,009 taka per month after the age of 60 years.
It is crucial to deposit the fixed amount of money regularly, as a lack of consistency in deposits may result in problems in receiving the benefits of this plan. The Atal Pension Yojana should be invested for a minimum of 20 years to avail its benefits fully.
The central government has launched this scheme to provide individuals with financial assistance during their old age. Regularly depositing money into this scheme can alleviate the financial burden during retirement.