Benefits of atal pension yojana

Launched by PM Narendra Modi-led government, the Atal Pension Yojana (APY) is a Government of India Scheme. It was launched on 9th May, 2015, with the objective of creating a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. Here are top things to know about Atal Pension Yojana:- - The APY focusses on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) and who are not members of any statutory social security scheme - Benefits of APY: Fixed pension for the subscribers ranging between Rs. 1000 to Rs. 5000, if he joins and contributes between the age of 18 years and 40 years. The contribution levels would vary and would be low if subscriber joins early and increase if he joins late. - Eligibility for APY: Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme. - Age of joining and contribution period: The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more. -Focus of APY: Mainly targeted at unorganised sector workers. -Enrolment and Subscriber Payment: All bank account holders under the eligible category may join APY with auto-debit facility to accounts, leading to reduction in contribution collection charges....

Toll Free Number -1800 889 1030 of Atal Pension Yojana Go Paperless Opt for an Email Annual Transaction Statement Click Here for Aadhaar Seeding of APY Subscribers Are you interested in undergoing online training on NPS/APY(including central/state/autonomous body subscriber), if so please Click Here As per PFRDA guidelines, contribution payment in NPS Tier II A/c through Credit Card is not permitted. Use other modes of payment such as Net Banking/ Debit Card / UPI for contributing in Tier II. You can view your NPS Transactions in Consolidated Account Statement (CAS) shared by your Depository i.e. NSDL and CDSL. To add NPS Transactions in your CAS, Click Here.

Having a retirement corpus is very important. The funds you save for your post-retirement years are needed in many ways. This is why the Government of India came up with Atal Pension Yojana for workers in the unorganized sector. Let us take a look and try to understand what it is and the various Atal Pension Yojana benefits. What is Atal Pension Yojana Scheme? To start with the Atal Pension Yojana details, it is a government-backed scheme for workers of the unorganized sector that was started in 2015 as a replacement for the Swavalamban Yojana. The intent behind bringing the scheme into effect was to provide financial support to the unorganized sector workers after their retirement, in form of a pension. Eligibility for Atal Pension Yojana: Atal Pension Yojana (APY) Age Limit To join the Atal Pension Yojana scheme, one has to meet certain eligibility criteria. The Atal Pension Yojana eligibility criteria are as follows: • To Atal Pension Yojana(APY) age limit is between 18 and 40 years • The applicant for the APY scheme needs to have a valid savings account • The applicant must have a mobile number that has to be registered while applying for the scheme • The individual has to contribute for at least 20 years. Contribution Chart for the Atal Pension Yojana (APY) Scheme in Details Age at Entry (Years) Total Years of Contribution For Monthly Pension of INR 1000 For Monthly Pension of INR 2000 For Monthly Pension of INR 3000 For Monthly Pension of INR 4000 For Monthly Pension...

Latest Updates (20th August, 2015)-Government modified some rules of APY. They are as below. • Now instead of only monthly payment option, subscribers can invest like monthly, quarterly, half-yearly or yearly. • The account will not be deactivated and closed till the account balance with self-contributions minus the government co-contributions become zero due to deduction of account maintenance charges and fees. • The penalty on delayed payment has been also simplified to Rs 1 per month for a contribution of Rs 100 for each delayed monthly payment instead of different slabs given earlier. • Premature withdrawal now be possible with some conditions. The subscriber will only be refunded the contributions made by him to APY, along with the net actual interest earned on his contributions. Few more changes via notification dated 29th April, 2016 is as below. Option to the spouse of the subscriber to continue contribution to APY on death of subscriber before the age of 60 years: “If the subscriber dies before the age of 60 years, his/her spouse would be given an option to continue contributing to APY account of the subscriber, which can be maintained in the spouse’s name, for the renaming vesting period, till the original subscriber would have attained the age of 60 years. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse”. • Retirement planning is one of the most important goals of Financial...

Post Highlights • • • • Atal Pension Yojana Contribution Chart: Atal pension yojana is started to provide regular pension of Rs. 1000 to Rs. 5000 per month based on age and premium paid by beneficiaries. Till march 2022, approx 99 lakh accounts have been opened under this scheme. To take benefits of Atal Pension Yojana, the applicant has to start invest in between of the age of 18 years to 40 years. Apart from this fixed monthly pension, financial benefit also provided to beneficiary’s family in case of untimely death. Through this post, we will provide you information about how to open atal pension yojana account, its benefits and atal pension yojana contribution chart in detail. Atal Pension Yojana Benefits • This scheme specially designed for unorganized sector to provide financial benefits. • If you enroll in atal scheme at the age of 18 then you have to pay a premium of rs. 210 every month upto age of 42 years. And if start at age of 40 years then have to pay premium of rs. 297 to rs. 1,457 per month upto age of 60 years. • Like the PF account, central government will also contribute some amount on its behalf in this pension scheme. • Only indian citizen can apply for atal pension scheme. • Under Atal Pension Yojana, the amount of pension will be provided only on the basis of age and investment made by the beneficiaries. • Monthly premium amount can be upgrade or downgraded based on beneficary choice. • Enrolled person have a choice to pay premium monthly, quterly or ...

Toll Free Number -1800 889 1030 of Atal Pension Yojana Go Paperless Opt for an Email Annual Transaction Statement Click Here for Aadhaar Seeding of APY Subscribers Are you interested in undergoing online training on NPS/APY(including central/state/autonomous body subscriber), if so please Click Here As per PFRDA guidelines, contribution payment in NPS Tier II A/c through Credit Card is not permitted. Use other modes of payment such as Net Banking/ Debit Card / UPI for contributing in Tier II. You can view your NPS Transactions in Consolidated Account Statement (CAS) shared by your Depository i.e. NSDL and CDSL. To add NPS Transactions in your CAS, Click Here.

Latest Updates (20th August, 2015)-Government modified some rules of APY. They are as below. • Now instead of only monthly payment option, subscribers can invest like monthly, quarterly, half-yearly or yearly. • The account will not be deactivated and closed till the account balance with self-contributions minus the government co-contributions become zero due to deduction of account maintenance charges and fees. • The penalty on delayed payment has been also simplified to Rs 1 per month for a contribution of Rs 100 for each delayed monthly payment instead of different slabs given earlier. • Premature withdrawal now be possible with some conditions. The subscriber will only be refunded the contributions made by him to APY, along with the net actual interest earned on his contributions. Few more changes via notification dated 29th April, 2016 is as below. Option to the spouse of the subscriber to continue contribution to APY on death of subscriber before the age of 60 years: “If the subscriber dies before the age of 60 years, his/her spouse would be given an option to continue contributing to APY account of the subscriber, which can be maintained in the spouse’s name, for the renaming vesting period, till the original subscriber would have attained the age of 60 years. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse”. • Retirement planning is one of the most important goals of Financial...

Post Highlights • • • • Atal Pension Yojana Contribution Chart: Atal pension yojana is started to provide regular pension of Rs. 1000 to Rs. 5000 per month based on age and premium paid by beneficiaries. Till march 2022, approx 99 lakh accounts have been opened under this scheme. To take benefits of Atal Pension Yojana, the applicant has to start invest in between of the age of 18 years to 40 years. Apart from this fixed monthly pension, financial benefit also provided to beneficiary’s family in case of untimely death. Through this post, we will provide you information about how to open atal pension yojana account, its benefits and atal pension yojana contribution chart in detail. Atal Pension Yojana Benefits • This scheme specially designed for unorganized sector to provide financial benefits. • If you enroll in atal scheme at the age of 18 then you have to pay a premium of rs. 210 every month upto age of 42 years. And if start at age of 40 years then have to pay premium of rs. 297 to rs. 1,457 per month upto age of 60 years. • Like the PF account, central government will also contribute some amount on its behalf in this pension scheme. • Only indian citizen can apply for atal pension scheme. • Under Atal Pension Yojana, the amount of pension will be provided only on the basis of age and investment made by the beneficiaries. • Monthly premium amount can be upgrade or downgraded based on beneficary choice. • Enrolled person have a choice to pay premium monthly, quterly or ...

Launched by PM Narendra Modi-led government, the Atal Pension Yojana (APY) is a Government of India Scheme. It was launched on 9th May, 2015, with the objective of creating a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. Here are top things to know about Atal Pension Yojana:- - The APY focusses on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) and who are not members of any statutory social security scheme - Benefits of APY: Fixed pension for the subscribers ranging between Rs. 1000 to Rs. 5000, if he joins and contributes between the age of 18 years and 40 years. The contribution levels would vary and would be low if subscriber joins early and increase if he joins late. - Eligibility for APY: Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme. - Age of joining and contribution period: The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more. -Focus of APY: Mainly targeted at unorganised sector workers. -Enrolment and Subscriber Payment: All bank account holders under the eligible category may join APY with auto-debit facility to accounts, leading to reduction in contribution collection charges....

Having a retirement corpus is very important. The funds you save for your post-retirement years are needed in many ways. This is why the Government of India came up with Atal Pension Yojana for workers in the unorganized sector. Let us take a look and try to understand what it is and the various Atal Pension Yojana benefits. What is Atal Pension Yojana Scheme? To start with the Atal Pension Yojana details, it is a government-backed scheme for workers of the unorganized sector that was started in 2015 as a replacement for the Swavalamban Yojana. The intent behind bringing the scheme into effect was to provide financial support to the unorganized sector workers after their retirement, in form of a pension. Eligibility for Atal Pension Yojana: Atal Pension Yojana (APY) Age Limit To join the Atal Pension Yojana scheme, one has to meet certain eligibility criteria. The Atal Pension Yojana eligibility criteria are as follows: • To Atal Pension Yojana(APY) age limit is between 18 and 40 years • The applicant for the APY scheme needs to have a valid savings account • The applicant must have a mobile number that has to be registered while applying for the scheme • The individual has to contribute for at least 20 years. Contribution Chart for the Atal Pension Yojana (APY) Scheme in Details Age at Entry (Years) Total Years of Contribution For Monthly Pension of INR 1000 For Monthly Pension of INR 2000 For Monthly Pension of INR 3000 For Monthly Pension of INR 4000 For Monthly Pension...