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Toll Free Number -1800 889 1030 of Atal Pension Yojana (New NPS-CRA toll-free number 1800 210 0080.The old number will be discontinued shortly.)
May 9, 2023 · Atal Pension Yojana (APY) Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector. It encourages the workers in unorganised sector to voluntarily save for their retirement. The Government had launched the scheme with effect from 1st June, 2015.
The flagship social security scheme of the Government of India – ‘Atal Pension Yojana’ (APY) – has completed five years of implementation on 9 th May 2020 and garnered over 2.2 crore subscribers. Government schemes are important for IAS Exam and this article will provide you with all the important facts about this scheme.
APY contribution auto debit resumes from July 1, 2020. No penal interest is applicable, if contribution for April'20 to August'20 is uploaded till September 30, 2020. Views for APY / NPS Lite Subscribers. Click here for APY Performance as on 31-03-2020. Click here for APY Subscriber Information Brochure.
3. Eligibility for APY APY is open to all citizens of India who have a savings bank account. The minimum age of joining APY is 18 years and maximum age is 40 years. From 1st October, 2022, any citizen who is or has been an income-tax payer, is not eligible to join APY. 4. Age of joining and contribution payment by subscribers
The Atal Pension Yojana (APY) contribution and pension are determined regularly. The method used is: Pension Amount = (Contribution Amount x ( ( (1 + i)^n) - 1)) / i. Where: Contribution Amount is the monthly contribution made by the subscriber. i is the interest rate, which is currently set at 8% per annum.
Jan 24, 2024 · APY subscription is open to both organized and unorganized sector workers. Tax Benefits for APY Subscribers. Atal Pension Yojana is a government notified pension scheme hence it offers tax exemption benefits up to the Rs. 1.5 lakh cumulative annual limit under Section 80C of the Income Tax Act, 1961.
