Atal Pension Yojana Benefits
The Atal Pension Yojana (APY) Scheme got the approval from the Government of India.
Atal Pension Yojana (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 Atal Pension Yojana (APY):
Atal Pension Yojana (APY) is open to all bank account holders. The Central Government would also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from Financial Year 2015-16 to 2019-20, who join the NPS between the period 1 st June, 2015 and 31st December, 2015 and who are not members of any statutory social security scheme and who are not income tax payers. However, the scheme will continue after this date but Government Co-contribution will not be available.
The Government co-contribution is payable to eligible PRANs by PFRDA after receiving the confirmation from Central Record Keeping Agency at such periodicity as may be decided by PFRDA.
Age of joining and contribution period: The minimum age of joining APY is 18 years and maximum age is 40 years. The age of exit and start of pension would be 60 years. Therefore, the minimum period of contribution by the subscriber under APY would be 20 years or more.
Hello sir, I am Bilifang Brahma from ASSAM
I opened APY in a branch of ASSAM GRAMIN VIKASH BANK.
Bank Branch manager said that under this yojna Three people can get benefit.
Firstly I, if I attained 60 yrs old.
After that the person whom i nominate for my nominee and my nominee can also nominate one nominee.
Im confused plz….
Repply me sooon
Dear sir
I am ajith from kerala
I hav one doubt
If I pay more than the required contribution for maximum pension that is 5000 per month what will happen to the excess amount i had paid? How will i get the benefit of that excess contribution
I am Income Tax Payer and also contribute in EPF scheme.
Can I am eligible for this scheme?
pl. confirm.
lokesh
Any Life Insurance or accidental benefit in APY Scheme.what will be the benefits.
sir, Mera APY PRAN Card online check karne pr show nhi kar rha & mere account m 2016-2017 m 1000 Rs nhi aye jo ki five years tak aane chahiye h. Please answer me.
I am Income Tax Payer and also contribute in EPF scheme.
Can I am eligible for this scheme?
pl. confirm.
i want to know one scenario of this case. Any individual over 18 years old and beneath 40 years can benefit this plan.http://www.atalpensionyojana.co.in/apy-premium-plans/ When you join this plan you should put resources into this store till you move toward becoming 60 years of age. Residency for which you would need to put cash in Atal Pension Yojana. Assume you are 21 years old then you should contribute around 39 Years. is this information is right?
kya budapa pension or atal pension dono aksath milagi ya ak hi milagi