Good news Awaiting Budget: Doubling Pension Amount..!!

 The Ministry of Finance is making preparations for the budget. Various requests have been made to the Finance Ministry from various quarters.
The budget for the financial year 2024-25 is scheduled to be presented on July 23. Finance minister Nirmala Sitharaman will present this budget. The BJP-led nda government has formed the government at the center for the third time. This is the first budget of this regime. So the expectations about it are high among the people. The Ministry of Finance is making preparations for the Budget. Various requests have been made to the Finance Ministry from various quarters. On the one hand, middle-class people are expected to receive huge announcements. On the other hand, government welfare schemes like Ayushman Bharat and Atal Pension Scheme are also said to be improved. In this budget, it is said that the government may increase the amount available through the Atal Pension Yojana. The government has not yet issued any announcement in this regard. However, experts believe that there are possibilities for this. Whether this happens or not will be known only after the budget. According to the data till june 20, a total of 6.62 crore people have opened their accounts under Atal Pension Scheme. In this situation, if the pension amount of this pension scheme is increased, it will be a relief to crores of people.Account holders in the Atal Pension Scheme are given a pension ranging from Rs 1,000 to Rs 5,000. The Pension Fund Regulatory and Development Authority PFRDA administers the scheme. Account holders get a return commensurate with their investment. To get the benefits of this scheme first you have to open an Atal Pension Yojana account in the banks. The account holder's amount is saved in that bank and pension is available at the age of 60. After registering the Atal Pension Scheme form, the money will be deposited into the account through auto Debit mode. Only those who do not come under the tax bracket can enjoy the benefits of this scheme. To enroll in Atal Pension Scheme one has to open a savings account in any bank. If you already have a savings account you can get a form for Atal Pension Scheme from that bank. Name, age, mobile number, and bank account number should be filled in correctly in this form. All the documents asked for joining the scheme should be attached herewith. After this, you have to submit this form to the bank.

You can also apply online:

Apply for Atal Pension Scheme by visiting https://enps.nsdl.com/eNPS/NationalPensionSystem.html

Keep these things in mind before applying:

- Only indian citizens can join the Atal Pension Scheme.

- Your age should be between 18 to 40 to join.

- Your bank account must be linked with an Aadhaar card.

- Must have an account in any nationalized bank to join.

- It is necessary to invest in it for at least 20 years to get a pension.

If the amount of this pension scheme, which benefits crores of people, is increased in the budget, it will be a huge boon to the beneficiaries of the scheme.
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budget 2024

Sowmiya Sriram

17/07/2024 11:42 AM