Atal pension yojana scheme details

(Incl 18% GST) The Atal Pension Yojana scheme aims to provide financial security to individuals working in an unorganised sector after their retirement. The Government of India launched this pension scheme in 2015-16 to offer financial assistance to private employees as well who do not enjoy pension benefits. In case you are not aware of the details of what the Atal Pension Yojana scheme is, please continue reading to learn more. The primary purpose of the Atal Pension Yojana plan is to encourage the beneficiaries to make a monthly contribution to avail post-retirement allowance benefits. The Central Government also aims to provide 50% of the total contribution a worker makes to the scheme. This is valid for candidates who applied before 31st December 2015. As mentioned above, being a beneficiary of the Atal Pension Yojana scheme, you can enjoy a Government contribution. However, taxpayers and individuals availing other social security schemes will not be able to benefit from the Government's co-contributions. Following is the list of enactments under which entitled individuals cannot avail the benefit: • Assam Tea Plantation Provident Fund and Miscellaneous Provision, 1955. • Jammu and Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961. • Seamens' Provident Fund Act, 1966. • • The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948. Now that you have completed learning about how Atal Pension Yojana works, let us delve into these scheme’s b...

The Indian Government launched the Atal Pension Yojana in 2015, and it came as a replacement for Swavalamban Yojana. Its primary focus is to offer pensions to individuals working in an unorganised sector. Pension Fund Regulatory and Development Authority (PFRDA) also permits to increase or decrease pension amounts annually. Are you an existing beneficiary and want to upgrade your pension amount? Or want to change your address in Atal Pension Yojana? If yes, continue reading to learn more. PFRDA has communicated with banks to make it easier for subscribers to access services online. This ensures contactless and flexible accessibility in services. Benefits include downloading the form to update details in Atal Pension Yojana and more. If you are looking to change your details in APY, take a look at the following procedures: Online Procedure: • Visit the official website of NPS ( • Select "Forms" and click on "Subscriber Maintenance." Download the Atal Pension Yojana correction form. (APY-SP Form) Right tick the correct boxes and fill in the form with relevant changes. This includes personal information, bank details, etc. Submit the form to the bank where you have an Atal Pension Yojana account. Attach your form with relevant documents. Also, don't forget to keep the stamped acknowledgement after submitting your form to the APY service provider. Offline Procedure: • Visit the bank where you have an Atal Pension Yojana account. • Approach a bank representative with a letter m...

As per the change announced by the Centre, if a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the APY account shall be closed and the accumulated pension wealth till date would be given to the subscriber. “Provided that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join APY. Explanation: For the purpose of this clause, the expression “income-tax payer" shall mean a person who is liable to pay income-tax in accordance with the Income Tax Act, 1961, as amended from time to time," said a gazette notification issued by the Ministry of Finance on Wednesday, August 10. Under the pension scheme, any Indian citizen between the age group of 18-40 years is eligible to join through the bank or post office branches where one has the savings bank account. The scheme entitles the subscriber to get a minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month from the age of 60 years, depending upon his/her contribution.

The Indian Government launched the Atal Pension Yojana in 2015, and it came as a replacement for Swavalamban Yojana. Its primary focus is to offer pensions to individuals working in an unorganised sector. Pension Fund Regulatory and Development Authority (PFRDA) also permits to increase or decrease pension amounts annually. Are you an existing beneficiary and want to upgrade your pension amount? Or want to change your address in Atal Pension Yojana? If yes, continue reading to learn more. PFRDA has communicated with banks to make it easier for subscribers to access services online. This ensures contactless and flexible accessibility in services. Benefits include downloading the form to update details in Atal Pension Yojana and more. If you are looking to change your details in APY, take a look at the following procedures: Online Procedure: • Visit the official website of NPS ( • Select "Forms" and click on "Subscriber Maintenance." Download the Atal Pension Yojana correction form. (APY-SP Form) Right tick the correct boxes and fill in the form with relevant changes. This includes personal information, bank details, etc. Submit the form to the bank where you have an Atal Pension Yojana account. Attach your form with relevant documents. Also, don't forget to keep the stamped acknowledgement after submitting your form to the APY service provider. Offline Procedure: • Visit the bank where you have an Atal Pension Yojana account. • Approach a bank representative with a letter m...

(Incl 18% GST) The Atal Pension Yojana scheme aims to provide financial security to individuals working in an unorganised sector after their retirement. The Government of India launched this pension scheme in 2015-16 to offer financial assistance to private employees as well who do not enjoy pension benefits. In case you are not aware of the details of what the Atal Pension Yojana scheme is, please continue reading to learn more. The primary purpose of the Atal Pension Yojana plan is to encourage the beneficiaries to make a monthly contribution to avail post-retirement allowance benefits. The Central Government also aims to provide 50% of the total contribution a worker makes to the scheme. This is valid for candidates who applied before 31st December 2015. As mentioned above, being a beneficiary of the Atal Pension Yojana scheme, you can enjoy a Government contribution. However, taxpayers and individuals availing other social security schemes will not be able to benefit from the Government's co-contributions. Following is the list of enactments under which entitled individuals cannot avail the benefit: • Assam Tea Plantation Provident Fund and Miscellaneous Provision, 1955. • Jammu and Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961. • Seamens' Provident Fund Act, 1966. • • The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948. Now that you have completed learning about how Atal Pension Yojana works, let us delve into these scheme’s b...

As per the change announced by the Centre, if a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the APY account shall be closed and the accumulated pension wealth till date would be given to the subscriber. “Provided that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join APY. Explanation: For the purpose of this clause, the expression “income-tax payer" shall mean a person who is liable to pay income-tax in accordance with the Income Tax Act, 1961, as amended from time to time," said a gazette notification issued by the Ministry of Finance on Wednesday, August 10. Under the pension scheme, any Indian citizen between the age group of 18-40 years is eligible to join through the bank or post office branches where one has the savings bank account. The scheme entitles the subscriber to get a minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month from the age of 60 years, depending upon his/her contribution.

(Incl 18% GST) The Atal Pension Yojana scheme aims to provide financial security to individuals working in an unorganised sector after their retirement. The Government of India launched this pension scheme in 2015-16 to offer financial assistance to private employees as well who do not enjoy pension benefits. In case you are not aware of the details of what the Atal Pension Yojana scheme is, please continue reading to learn more. The primary purpose of the Atal Pension Yojana plan is to encourage the beneficiaries to make a monthly contribution to avail post-retirement allowance benefits. The Central Government also aims to provide 50% of the total contribution a worker makes to the scheme. This is valid for candidates who applied before 31st December 2015. As mentioned above, being a beneficiary of the Atal Pension Yojana scheme, you can enjoy a Government contribution. However, taxpayers and individuals availing other social security schemes will not be able to benefit from the Government's co-contributions. Following is the list of enactments under which entitled individuals cannot avail the benefit: • Assam Tea Plantation Provident Fund and Miscellaneous Provision, 1955. • Jammu and Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961. • Seamens' Provident Fund Act, 1966. • • The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948. Now that you have completed learning about how Atal Pension Yojana works, let us delve into these scheme’s b...

As per the change announced by the Centre, if a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the APY account shall be closed and the accumulated pension wealth till date would be given to the subscriber. “Provided that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join APY. Explanation: For the purpose of this clause, the expression “income-tax payer" shall mean a person who is liable to pay income-tax in accordance with the Income Tax Act, 1961, as amended from time to time," said a gazette notification issued by the Ministry of Finance on Wednesday, August 10. Under the pension scheme, any Indian citizen between the age group of 18-40 years is eligible to join through the bank or post office branches where one has the savings bank account. The scheme entitles the subscriber to get a minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month from the age of 60 years, depending upon his/her contribution.

The Indian Government launched the Atal Pension Yojana in 2015, and it came as a replacement for Swavalamban Yojana. Its primary focus is to offer pensions to individuals working in an unorganised sector. Pension Fund Regulatory and Development Authority (PFRDA) also permits to increase or decrease pension amounts annually. Are you an existing beneficiary and want to upgrade your pension amount? Or want to change your address in Atal Pension Yojana? If yes, continue reading to learn more. PFRDA has communicated with banks to make it easier for subscribers to access services online. This ensures contactless and flexible accessibility in services. Benefits include downloading the form to update details in Atal Pension Yojana and more. If you are looking to change your details in APY, take a look at the following procedures: Online Procedure: • Visit the official website of NPS ( • Select "Forms" and click on "Subscriber Maintenance." Download the Atal Pension Yojana correction form. (APY-SP Form) Right tick the correct boxes and fill in the form with relevant changes. This includes personal information, bank details, etc. Submit the form to the bank where you have an Atal Pension Yojana account. Attach your form with relevant documents. Also, don't forget to keep the stamped acknowledgement after submitting your form to the APY service provider. Offline Procedure: • Visit the bank where you have an Atal Pension Yojana account. • Approach a bank representative with a letter m...

(Incl 18% GST) The Indian Government launched the Atal Pension Yojana in 2015, and it came as a replacement for Swavalamban Yojana. Its primary focus is to offer pensions to individuals working in an unorganised sector. Pension Fund Regulatory and Development Authority (PFRDA) also permits to increase or decrease pension amounts annually. Are you an existing beneficiary and want to upgrade your pension amount? Or want to change your address in Atal Pension Yojana? If yes, continue reading to learn more. PFRDA has communicated with banks to make it easier for subscribers to access services online. This ensures contactless and flexible accessibility in services. Benefits include downloading the form to update details in Atal Pension Yojana and more. If you are looking to change your details in APY, take a look at the following procedures: Online Procedure: • Visit the official website of NPS ( • Select "Forms" and click on "Subscriber Maintenance." Download the Atal Pension Yojana correction form. (APY-SP Form) Right tick the correct boxes and fill in the form with relevant changes. This includes personal information, bank details, etc. Submit the form to the bank where you have an Atal Pension Yojana account. Attach your form with relevant documents. Also, don't forget to keep the stamped acknowledgement after submitting your form to the APY service provider. Offline Procedure: • Visit the bank where you have an Atal Pension Yojana account. • Approach a bank representativ...