Atal Pension Scheme
Atal Pension Yojana users cross the total no. of users More than 58 lakhs in Atal Pension Yojana (APY) till 22-July-2017.
And The funds allocated under APY till now approx 158 crore.
“Currently, Atal Pension Yojana have more than one crore subscribers with total assets under management (AUM) of Rs 1,00,275 crore,” the Finance Ministry said in a statement.
Atal Pension Scheme Mobile Application : NPS Lite
Pension Fund Regulatory and Development Authority (PFRDA) is launched a mobile application to check the Statement of Account and other details of your Atal Pension Scheme.
Atal Pension Scheme Subscribers can download NPS Lite mobile app from Google Store.
Atal Pension Scheme Amended by Government – Latest Update
Government has decided to give an alternative to the spouse of the subscriber of keep adding to APY record of the endorser, for the remaining vesting period, till the first subscriber would have accomplished the age of 60 years rather than present procurement of giving over single amount add up to life partner on the unexpected passing (demise before 60 years old) of the endorser.
Atal Pension Yojana – pension scheme in India targeted at the unorganised sector.
It is the first step towards achievement of financial security for the common man.The Government has flagged off this new National pension schemes (Atal Pension Yojana) on 9 May 2015 .Post its dispatch, 41,124 individuals have effectively enlisted for the plan as on 11 May 2015.
Atal Pension Scheme is very good scheme for the middle class and lover class people, which was launched by Prime Minister Narendra Modi on May 9 in Kolkata.
Atal pension scheme Name:
Atal Pension Yojana (APY).The name of this “Atal Pension Scheme” is decided as per our former honorable PM Atal Bihari Vajpayee.
Atal Pension Yojana Pros and cons
Can anybody subscribe to APY?
Any Indian Citizen can join APY scheme. The age of the endorser ought to be between 18 – 40 years.The subscriber should have a savings bank account or open a savings bank account to avail this scheme.
What is the benefit in joining APY scheme?
In APY, Government will co-contribute half of the aggregate commitment or Rs. 1,000/ – per annum, whichever is lower, to the qualified APY account holders who join the plan amid the period first June, 2015 to 31st December, 2015. The Government co contribution will be given for a long time from FY 2015-16 to 2019-20.
Can any one open APY Account without savings bank account?
No. For joining APY, savings bank account is mandatory.
The Financing Minister Arun Jetaily offers, thus, introduced a new gumption named Atal Pension Scheme (APY) inside the Budget Conversation for 2015-16. The Atal Pension Scheme will be concentrated about many folks inside unorganized industry, exactly who enroll in the actual Nation’s Type of pension Technique (NPS) given because of the Type of pension Account Regulating as well as Improvement Guru (PFRDA) as well as who definitely are certainly not people of almost any statutory sociable stability plan.
Within the Atal Pension Yojana, the actual buyers might obtain the predetermined pension check of Rs. 1000 a month, Rs. 2000 a month, Rs. 3000 a month, Rs. 4000 a month, Rs. 5000 a month, from the age of 62 decades, depending on their own additions, which themselves might change about the age of getting started with the actual APY. The minimal age group of getting started with Atal Pension Scheme is eighteen decades as well as highest age group is 50 decades.
As a result, minimal period of contribution because of the prospect beneath APY will be twenty years or even more. The benefit of predetermined pension check will be assured because of the Govt. The Main Govt might furthermore co-contribute 50% with the subscriber’s contribution as well as Rs. 1000 per annum, whichever is gloomier, in order to just about every qualified prospect bill, to get a period of 5 decades, i. electronic., by 2015-16 in order to 2019-20, exactly who enroll in the actual NPS before 31st December, 2015 as well as who definitely are certainly not income tax payers. The APY will be presented by very first 06, 2015.
The existing Swavalamban Scheme uses/member would be automatically migrated to the Atal Pension Scheme, unless they opt out.
The minimum age of joining “Atal Pension Yojana” scheme is 18 years and the maximum age is 40 years. While minimum contribution period for this Atal Pension Scheme by the subscriber/user under Atal Pension Yojna would be 20 years or more.
“Atal Pension Scheme” Scheme accounts opened from 1/6/2015 – 31/12/2015 are eligible for Government of India co-contribution at the rate of 50% of the subscriber contribution amount with a cap of Rs 1000 per annum..However the scheme will continue after this date but Govt. Co-contribution will not be available.
Under this scheme, a user will get a fixed pension of Rs. 1000 or 2000 or 3000 or 4000 or 5000 per month, at the age of 60 years. However, the amount depends on their own contribution which varies on the age of joining the Atal Pension Scheme.
Key features of atal pension yojana
Atal pension yojana is looking a different scheme than National Pension System. Generally people who do not covered by any pension scheme or not investing NPS will be targeting under this scheme.
The entry age for this scheme will be 18-40 years. The pension will be started from the age of 60 years. That means min duration of contribution will be 20 years.
This is a guaranteed pension scheme from Govt of India.
National Toll Free Number :
1800 110 001
1800 180 1111
State Toll Free Number :
1800 102 4455
1800 223 344
You can now download the APY Transaction Statement and view by accessing the NSDL-CRAs website i.e. https://www.npscra.nsdl.co.in/ . Following step: The subscriber to select the home menu. Under home menu the subscriber can select the “Atal Pension Yojana’ option. Under…
If the APY policy holder dies before the age of 60, then the nominee will get the pension. But in-case both the nominee and the Scheme holder dies then the legal heir of the nominee will get the whole contribution…
You can get updated about your Atal Pension Yojana (apy) Scheme account in two ways: a. You will receive periodical SMS alerts to the register mobile number.In this case, you will need to include your mobile number while creating APY…