There are many schemes which will confuse you about the kind of retirement plan you want. Worry no longer! The government has rolled out  a number options to help citizens plan their retirement, and among these is the Atal Pension Yojana (APY). This scheme is the best one for those in lower middle class, who cannot afford to make hefty investments. APY is focused on all citizens in the unorganized sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA). 

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This scheme looks to provide a sum of money on your retirement every month, but to achieve that you need to spend some amount from your pocket on a monthly basis. Notably, this pension plan does not cost much to the citizens.

In case you are planning to invest in APY, then this is what you need to pay every month to get pension amount.

Here are the details of the entry Age, Monthly Contribution, Years of Contribution and the amount which will be paid back:

If a customer is opting for a pension of Rs. 1,000, rates of monthly premium will be as follows, if you join at the age of 18, your premium will be Rs. 42. At the age of 30 your premium will be of Rs 116 and for age of 40, your premium will be Rs. 291. Your nominee will be paid up to Rs. 1.7 lakhs. 

Opting for a pension of Rs. 2,000 of monthly premium. If you join at the age of 18, your premium will be Rs. 84. At the age of 30 your premium will be of Rs 231 and for age of 40, your premium will be Rs. 582. Your nominee will be paid up to Rs. 3.4 lakhs. 

Opting for a pension of Rs. 3,000 of monthly premium. If you join at the age of 18, your premium will be Rs. 126. At the age of 30 your premium will be of Rs 347 and for age of 40, your premium will be Rs. 873. Your nominee will be paid up to Rs. 5.1 lakhs. 

Opting for a pension of Rs. 4,000 will attract the many people for monthly premium. If you join at the age of 18, your premium will be Rs. 168. At the age of 30 your premium will be of Rs 462 and for age of 40, your premium will be Rs. 1,164. Your nominee will be paid up to Rs. 6.8 lakhs.  

Opting for a pension of Rs. 5,000 will attract the highest rates of monthly premium. If you join at the age of 18, your premium will be Rs. 210. At the age of 30 your premium will be of Rs 577 and for age of 40, your premium will be Rs. 1,454. Your nominee will be paid up to Rs. 8.5 lakhs.