Atal Pension Yojana (APY) Scheme

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Home » Now you can get enrolled for Atal Pension Yojana through saving bank account

Now you can get enrolled for Atal Pension Yojana through saving bank account

By Atal Pension Yojana | Published on 28/09/2016

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NEW DELHI: Banks can now enroll prospective subscribers of the Atal Pension Yojana (APY) by fetching their saving bank account details, making the process faster and hassle-free.

The move is aimed at expanding the outreach of entire eligible population of the country through the APY module which is integrated with bank’s core banking system (CBS), the PFRDA said today.

“The banks have to simply enter the savings bank account number of the prospective subscriber and the APY module automatically fetches the required details from the banks master data base and the subscriber is allotted Permanent Retirement Account Number (PRAN) immediately,” the pension fund regulator said in a release.

Having generated the PRAN, a subscriber of APY can make contributions on a monthly/quarterly/half yearly basis without any hassle as the amount is deducted towards APY account by debiting from saving bank accounts directly.

Under APY, all Indian citizens in the age group of 18-40 years can join the scheme. So far 31.85 lakh subscribers have registered under the scheme, the PFRDA said.

It guarantees a retirement pension of Rs 1,000-5,000 per month, depending upon the contribution made by the subscriber.

Additionally, PFRDA already facilitates the internet savvy people as they can join APY through their Internet banking.

Leading banks in the country like SBI and ICICI are already offering this facility through net banking. Many other banks have also expressed interest to provide this facility to their customers, the regulator said.

“With a view to simplify enrollment in APY, an internet based APY subscriber registration mode has been allowed for those applicants who have net-banking accounts. Banks can enroll such applicants in APY through their net banking platforms by capturing the information on the online application form,” the PFRDA added.

No physical form is required to be submitted to the bank by the customer, it said.

Read more at: economictimes

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Comments

  1. krishna k says

    30/09/2016 at 1:11 PM

    Yes the same question by me also…i need a statement print out of amount deposited.

    Reply
  2. Adesh Misra says

    29/09/2016 at 6:38 AM

    I have opened Apy last year in the month of august 2015,how can i know the amount of investment by net banking

    Reply

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Atal Pension Yojana Important Links

  • Atal Pension Yojana (APY) Brochure - pdf
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RECENT APY NEWS

  • Enrollments in the Atal Pension Yojana have been increasing by 29% annually since 2019
  • Regularise your Atal Pension Yojana account before this date to avoid penalty
  • APY अलर्ट! अटल पेंशन योजना में हो सकता है नुकसान, वर्ना 30 सितंबर तक कर लें ये काम
  • Auto-debit of Atal Pension Yojana contributions will re-start from July 1
  • Atal Pension Yojana के लिए ऑटो डेबिट फैसिलिटी 1 जुलाई से फिर होगी शुरू, खाते में रखें पैसा

TRENDING NOW

  • #APY Application Form
  • Atal Pension Yojana Scheme Details (APY)
  • #Benefit of Atal Pension Yojana (APY)
  • Atal Pension Yojana Account Status Online
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APY IMPORTANT LINKS

  • Atal Pension Yojana (APY) Brochure - pdf
  • Atal Pension Yojana( APY) -Subscriber Information Brochure - pdf
  • Details of Atal Pension Yojana - pdf
  • Atal Pension Yojana Chart - pdf
  • Atal Pension Yojana Plan Presentation - ppt
  • Atal Pension Yojana Benefits dated 17th August 2015 - pdf

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