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.
Sir,can I continue my both account I.e.EPF & APYstill the age of 60.Is there any problem to get both a/c benefits?please suggest me?
Sir.
i am a employee in co-operative sector with pf deduction from 2014 . I had joined in ATAL PENSION Scheme for the past three years. is there any problem in joining with atal pension and also is an eligible for atal pension scheme
Hello, I am working in private sector (Limited company). I have eligible for the Atal pension Yojana scheme. because monthly my salary P.F amount was deducted last 10 years.
please clarify.
1. I have APY account in Indian Bank, Is there any possible to change bank for my APY Account (Indian bank to Post office saving account)?
2. APY is a tax benefit or not, under section 80CCD(1B) like NPS
3. Spouse and Nominee are same, in this case who will get the corpus amount and when?
4. Is is possible to change a pension contribution and nominee details by online
HI….I AM SASANKA MAITI FROM KOLKATA . I HAD SUBSCRIBE APY BUT TILL NOW I DON’T KNOW HOW MANY RUPEES SAVINGS IN MY ACCOUNT.KINDLY SUGGEST PLZ.
By depositing ₹84 per month can I get ₹24000 a year
If I will join Npa scheme and after some year I dead.what is the amount to be paid to my nominee.
hi sir , i am private employee in private company but i am not getting any pf facility . can i opn atal pension yojana accounts??