Secure Your Future with Guaranteed Pension Benefits
The Atal Pension Yojana (APY) is a government-backed pension scheme designed to provide financial security in old age. It is particularly aimed at unorganized sector workers but is open to all eligible citizens. The Mahendragarh Central Cooperative Bank Ltd. invites you to enroll in this scheme and secure your future with a guaranteed pension.
Key Features of Atal Pension Yojana (APY)
- Guaranteed Monthly Pension: Receive Rs.1,000 to Rs. 5,000 per month after retirement (based on contribution).
- Government Co-Contribution: The government contributes 50% of the subscriber's total contribution or Rs. 1,000 per annum (whichever is lower) for eligible subscribers.
- Affordable Contributions: Start investing with as little as Rs. 42 per month (depending on entry age and pension amount).
- Flexible Age Limit: Open to Indian citizens aged 18 to 40 years.
- Auto Debit Facility: Hassle-free automatic deductions from your bank account.
- Lifetime Benefits for Spouse: In case of the subscriber's demise, the spouse continues to receive the pension.
Eligibility Criteria
- Indian citizens between 18 to 40 years.
- Must have a savings account with The Mahendragarh Central Cooperative Bank Ltd.
- Should have an Aadhaar-linked mobile number for easy registration.
Contribution & Pension Chart
| Age of Entry | Monthly Contribution for Rs. 1,000 Pension | Monthly Contribution for Rs. 5,000 Pension |
|---|---|---|
| 18 years | Rs. 42 | Rs. 210 |
| 25 years | Rs. 76 | Rs. 376 |
| 35 years | Rs. 181 | Rs. 902 |
| 40 years | Rs. 291 | Rs. 1,454 |
The earlier you start, the lower your contribution!
How to Apply?
-
- Visit any branch of The Mahendragarh Central Cooperative Bank Ltd.
- Fill out the APY Enrollment Form.
- Submit a copy of your Aadhaar card & savings account details.
- Choose your desired pension amount and authorize auto-debit from your account.
- Receive confirmation of your enrollment and start contributing!
Why Choose The Mahendragarh Central Cooperative Bank Ltd. for APY?
- Trusted banking partner in Mahendragarh.
- Personalized assistance for account holders.
- Easy enrollment process with doorstep banking support.
- Secure auto-debit facility to ensure uninterrupted contributions.
Contact Us
Website: www.cbmgarh.com
Visit your home branch today and start your APY journey!
