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Atal Pension Yojana (APY) Online Scheme Details & Benefits

Atal Pension Yojana (APY) is a very beneficial social security In a scheme for people working in the unorganized Good sector. By investing in APY, you get regular most income to spend after retirement.

Atal pension yojana
Yojana Atal Pension Yojana (APY), a pension scheme for citizens of India is focused on the to be unorganized sector workers. Under the APY, guaranteed minimum Off pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the SBI contributions by the subscribers. Any Citizen of India can join APY scheme. Following are the Bank eligibility criteria:

➤The Male/Female age of the subscriber should be between 18 – 40 years.
➤He/She should have a Bank of the savings bank account/ post office savings bank account.

Structured Annuity Settlement, Annuity Settlement, Dedicated Hosting The prospective applicant may provide Aadhaar and mobile number to the bank Structured Annuity Settlement, Annuity Settlement, Dedicated Hosting during registration to facilitate receipt of periodic updates on APY account. However, Aadhaar is not mandatory for enrollment.




NEED FOR PENSION
Structured Annuity Settlement, Annuity Settlement, Dedicated Hosting A Pension provides people with a monthly income when they are no longer earning.

➤Decreased income earning potential with age.
➤The rise of nuclear family-migration of earning member.
➤Rise in cost of living.
➤Increased longevity.
➤Assured monthly income ensures dignified life in old age.


Government Contribution
Yojana is a the co-contribution of the Government of India is available for 5 years, i.e., from the bank Financial Year 2015-16 to 2019-20 for the subscribers, who join to be the scheme during the period at from 1st June, 2015 to 31st March, 2016 and who thet are not covered by any Statutory Social midia Security Scheme and are not income tax payers.

The most Government co-contribution is payable to News eligible Permanent Retirement Account Number (PRANs) by the Pension Fund regulatory and Development Job Authority (PFRDA) after receiving the daily confirmation from

Central Record all Keeping Agency to the effect that the subscriber has paid rupish all the installments for the year fix Government co-contribution will be credited in subscriber’s savings bank account/ post office savings bank account 50% of the total contribution subject a to maximum of Rs 1000/- at the end of  year financial year.

For example, members of  account the Social Security Schemes under the following give enactments would not be eligible to me receive Government co-contribution under APY:

➤ At Employees’ Provident Fund and Miscellaneous Provision Act, 1952.
➤The Coal Mines Provident Yojana Fund and Miscellaneous Provision Act, 1948.
➤Atal Pension Yojana Assam Tea Plantation Provident Fund and Miscellaneous Provision, 1955.
➤Seamen’s Provident Fund Act, 1966.
➤Jammu Kashmir Atal Pension Yojana Employees’ Provident Fund and Miscellaneous Provision Act, 1961.
➤Atal Pension Yojana in a Any other statutory social security scheme.

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