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Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or
Atal pension yojana (APY), a pension scheme for citizens of India, is focused on the unorganized sector workers which is administered by Pension Fund Regulatory & Development Authority (PFDRA) Citizens of India between the age of 18-40 years are eligible for the scheme.
The State Bank of India lets one register for the Atal Pension Yojana, which offers the subscriber a pension each month after they turn 60. The subscriber would have to pay a specific amount every month until they cross the age of 60.
You can open your APY account digitally. You must link your Aadhaar with your mobile number to avail of the online APY account opening facility. Fill out the required details correctly - savings account number, email ID, Aadhaar number, etc. in the online APY registration form.
Atal Pension Yojana (APY) has now been included under the Section 7 of the Aadhaar Act. As per the provisions of the Act, any individual who is eligible to receive such benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication.
It’s easy and convenient to apply online for SBI Atal Pension Yojana through the online portal of The State Bank of India. However, in case you encounter any problem during the process, you can contact the customer service of InsuranceDekho.
Aug 26, 2023 · Atal Pension Yojana (APY) is a social security pension scheme launched by the Government of India in the 2015-16 budget. This scheme focussed on giving a fixed monthly pension to those people who are working in the unorganised sector.
Jul 9, 2024 · Atal Pension Yojana (APY) is an old age income security scheme for a savings account holder in the age group of 18-40 years, who is not an income tax-payee. It helps to address longevity risks among workers in unorganized sector and encourages the workers to voluntarily save for retirement.
Jul 8, 2024 · Budget 2024 Expectations: The government is considering doubling the minimum guaranteed amount under the Atal Pension Yojana to Rs 10,000 in the upcoming budget, according to sources. This decision, which is expected by July 23, is being evaluated for its fiscal impact while aiming to strengthen the social security framework as the government prepares to implement the labor code on social security.
Jul 8, 2024 · Benefits Of APY. Here are the benefits of the scheme. Guaranteed Pension: Receive a pension of Rs 1,000-5,000 per month from age 60, based on your contribution. Tax Benefits: Contributions are tax-deductible under Section 80CCD(1) of the Income-tax Act, 1961.. Death Benefit: Spouse receives the pension and nominee gets the corpus if both subscriber and spouse pass away. Exit Option: There is an option for early exit after 10 years with accumulated corpus and interest. Applicability: APY is ...
