The government of India allows various pension schemes to link with Aadhar card so that a person can get benefits of it. The Indian government has introduced a range of new schemes as part of its budget reform proposals. For example:
1. The Atal Pension Yojana (APY)
2. The Pradhan Mantri Jeehan Jvoti Yojana (PMJJY)
3. The Pradhan Mantri Suraksha Bima Yojana (PMSBY)
To find that how to link your aadhar card with any of the pension schemes we are here to provide you with some information about it. Do not go anywhere because you are just a one step away from the process.
Details About The Pension Schemes
1. Atal Pension Yojana (APY)
A pension scheme named as the Atal Pension Yojana (APY) aimed for any citizens of India not enrolled in any existing social security and work in the private sector. If you link to the APY scheme, then after retirement, you will receive a monthly amount of Rs 1000-5000 depend upon how much and how long you give to the scheme.
This pension scheme is for people of age group 18-40 years, not in receipt of social security. The minimum period of contributing money is 20 years. When a person arrives the age of 60 years, the pension will begin. Atal Pension Yojana began on the 1st of June 2015. Note that with this scheme all members of the Swavalamban scheme transferred to this new scheme to get more benefits of it. What you need is your bank account to take part in APY.
Some of the benefits are:
For up to 5 years, the administration that is the government of India will pay 50% of a member’s contributions.
The government funds the pension
Per year the government will add up to Rs 1000 to an individual’s pension fund under this scheme.
2. The Pradhan Mantri Suraksha Bima Yojana (PMSBY)
PMSBY- the Pradhan Mantri Suraksha Bima Yojana is an accident and life insurance plan that provides security and money cover on an accidental injury or death. It available to all bank account holders and gives cover on a year-to-year basis to all person between ages of 18-70 years.
3. The Pradhan Mantri Jeehan Jyoti Yojana (PMJJY)
PMJJY-The Pradhan Mantri Jeehan Jyoti Yojana is life insurance and health scheme. It covers for the death due to any cause. It is available to the ages of 18-50 years of age who have bank account holders. In the case of death, the member’s assignee will become an entity to a sum of Rs 2 lakhs. To join the PMJJY scheme, an individual has to pay an annual premium of Rs 330.
To Join These Schemes Why Do You Need A Bank Account?
Under the APY, PMSBY and PMJJY schemes, a person has to pay monthly or annual payments into the schemes for their pension or insurance. Subscribers have to pay until they need to or they reach maximum limits or want to withdraw funds from them. So the bank account helps them in to paying or withdrawing payments without any hassle.
Linking Aadhaar Card To Pension Schemes: Benefits
Linking Aadhaar Card to Pension schemes subject to security and convenience. It increased protection toward the theft and identity fraud. Ultimately your pension and insurance schemes will secure, and you can easily make payments and withdraw funds whenever you need.
You can apply for the schemes, via the official websites of Atal Pension Yojana (APY), The Pradhan Mantri Suraksha Bima Yojana (PMSBY) or The Pradhan Mantri Jeehan Jyoti Yojana (PMJJY).
Download the form for enrolment and fill it with necessary details.
Submit your application form to your bank.
You can also apply to the bank directly. The bank will provide you forms for enrolment and link Aadhaar card to pension schemes.
It is all about this article. If you have any doubts or query related to your aadhar card, you can ping us using the comment section below. Thank you for reading!