Sir, As per my calculation Atal Pension Yojna is a very waste product introduced because this yojna is earning their profits from us and from the same amount invested by us for such a longer period they are giving pension from our own invested amount. As per inflation Rs 1000 to 5000 has no value at the time of getting pension after such a long period. And one more thing is that the total capital invested will be given to the Nominee after the Guardians death. This is not fair. Who knows the Nominee will get the amount easily without any difficulty. It looks like Insurance Plan where the nominee gets the S.A. after the proposers death alongwith the difficulties during claim settlement.
According to my view, this is not a pure pension plan but a mixture of waste product with a taste of insurance.
Asad-I already written the same in my earlier post. Please go through it “Atal Pension Yojna (APY)-New Pension Scheme details and benefits“.