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APY offers choice of minimum monthly pension guaranteed by Govt. of India of Rs. 1000, Rs 2000, Rs 3000, Rs 4000 and Rs. 5000 per month after 60 years of age.
Subscriber’s Age should be between 18 -40 yearsfor joining APY.
Subscribercan join APY through a bank branch/post-office.It is mandatory to provide nomination and spouse details in APY account.
Contributionscan be made on Monthly or Quarterly or Half yearly basisthrough auto debit facility from savings Bank account.
Transaction statementand PRAN Cardcan be viewed and printedanytime, from anywhere and free of cost by visiting www.npscra.nsdl.co.in>> Home>>Atal pension Yojana>> APY e-PRAN/Transaction statement view.
Subscriber can request for issuance of Physical PRAN card after paying the requisite sum at the website-https://enps.nsdl.com/eNPS/APYRePrintPRAN.html>>Atal Pension Yojana>>Print APY PRAN Card, After enrolling into Atal Pension Yojana, Physical transaction statement will be sent once in a year to the registered addressi.e. the address provided by a subscriber after enrolling for Atal Pension Yojana.Contribution Under APY.
All the queries regarding APY account / contribution shouldbe made to the APY-SP branchonly. Information about the status of contributions will be communicatedby CRA-NSDLthrough periodic SMS alertson registered mobile numberof the subscriber. Modification of Subscriber Details under APY, Subscriber will have to makeawritten request which is to be submitted to the APY-SP branchalong with the required documents for modificationof personal information like address, phone number, etc.
Switching facility is available once in a year during the month of April for which a “Form to upgrade/downgrade pension amount under APY” available at https://www.npscra.nsdl.co.in/>>Home>>Atal Pension Yojana>>Forms>>Maintenance>> Forms to upgrade/downgrade pension amount under APY,is to be submitted to APY-SP branch.
To upgradethe pension amount means toincreasethepension amountof a subscriberand to downgrade the pension amount means todecrease thepension amountof a subscriber.
Change in frequencyof contributione.g. from quarterly contribution to monthly contribution or from half yearly contribution to quarterly contribution etc. may be done after submission of written request by the APY subscriber to the APY-SP branch.Exit from APY
Pre-matureexit(Exit before 60 Years of age):For closure of APY accounts a duly filled “Account Closure Form (Voluntary Exit) form” and other relevant documents is to be submitted to the concerned APY-SP branch.
The form is available at: www.npscra.nsdl.co.in>>Home>>AtalPension Yojana>>Forms>>Withdrawal Form>>Voluntary exit APY withdrawal form. It will also be available at APY-SP branch as well.Subscriber should not close the savings bank account linked with APY account even though the APY account gets closed because the closure proceeds which the subscriber will receive on the pre-mature exit is transferred into the APY linked savings bank account and closure of this account may create problem in transfer of closure proceeds.
Exit due to Death:The claimant may submit the duly filled “APY Closure Form (Death)” along withacopy of the death certificate to the concerned APY-SP branch. The form is available at: www.npscra.nsdl.co.in>>Home>>AtalPension Yojana>>Forms>>Withdrawal Form>>APY death form. It will also be available at APY-SP Branch as well.
On death of the APY account subscriber, the monthly guaranteed pension shall be payable to the spouseof the subscriberand in the absence or subsequent death of the spouse, thepension corpusas per the pension plan subscribedshall be payable to the nominee of the subscriber.The nominee has to be someone else other than the spouse of the subscriber.
On death of the subscriberbefore 60 years, spouse has the option to continue thecontribution in theAPY account of subscriber, which can be maintained in the spouse’s name,for the remaining vesting time, till the time original subscriber would have attained 60 years of age.APY Mobile Application.
APY mobile applicationis available for APY usersfree of cost, where,recent 5 contributions can be checked and transaction statement and e-PRAN canalsobe downloadedanytime without paying any charge. Android users can download APY mobile application from Google play store by typing ‘APY and NPS Lite’ in search option.Raising Grievance Under APY.
Subscriber can anytimeraise grievancefree of cost and from anywhere byvisiting:www.npscra.nsdl.co.in>>Home >> select: NPS-Lite
Subscriberraising the grievance willbe allotted atoken numberagainst the grievance raised. Subscribermay check the status of the grievance under “Check the status of Grievance / Enquiry already registered”
Subscriber’s Age should be between 18 -40 yearsfor joining APY.
Subscribercan join APY through a bank branch/post-office.It is mandatory to provide nomination and spouse details in APY account.
Contributionscan be made on Monthly or Quarterly or Half yearly basisthrough auto debit facility from savings Bank account.
Transaction statementand PRAN Cardcan be viewed and printedanytime, from anywhere and free of cost by visiting www.npscra.nsdl.co.in>> Home>>Atal pension Yojana>> APY e-PRAN/Transaction statement view.
Subscriber can request for issuance of Physical PRAN card after paying the requisite sum at the website-https://enps.nsdl.com/eNPS/APYRePrintPRAN.html>>Atal Pension Yojana>>Print APY PRAN Card, After enrolling into Atal Pension Yojana, Physical transaction statement will be sent once in a year to the registered addressi.e. the address provided by a subscriber after enrolling for Atal Pension Yojana.Contribution Under APY.
All the queries regarding APY account / contribution shouldbe made to the APY-SP branchonly. Information about the status of contributions will be communicatedby CRA-NSDLthrough periodic SMS alertson registered mobile numberof the subscriber. Modification of Subscriber Details under APY, Subscriber will have to makeawritten request which is to be submitted to the APY-SP branchalong with the required documents for modificationof personal information like address, phone number, etc.
Switching facility is available once in a year during the month of April for which a “Form to upgrade/downgrade pension amount under APY” available at https://www.npscra.nsdl.co.in/>>Home>>Atal Pension Yojana>>Forms>>Maintenance>> Forms to upgrade/downgrade pension amount under APY,is to be submitted to APY-SP branch.
To upgradethe pension amount means toincreasethepension amountof a subscriberand to downgrade the pension amount means todecrease thepension amountof a subscriber.
Change in frequencyof contributione.g. from quarterly contribution to monthly contribution or from half yearly contribution to quarterly contribution etc. may be done after submission of written request by the APY subscriber to the APY-SP branch.Exit from APY
Pre-matureexit(Exit before 60 Years of age):For closure of APY accounts a duly filled “Account Closure Form (Voluntary Exit) form” and other relevant documents is to be submitted to the concerned APY-SP branch.
The form is available at: www.npscra.nsdl.co.in>>Home>>AtalPension Yojana>>Forms>>Withdrawal Form>>Voluntary exit APY withdrawal form. It will also be available at APY-SP branch as well.Subscriber should not close the savings bank account linked with APY account even though the APY account gets closed because the closure proceeds which the subscriber will receive on the pre-mature exit is transferred into the APY linked savings bank account and closure of this account may create problem in transfer of closure proceeds.
Exit due to Death:The claimant may submit the duly filled “APY Closure Form (Death)” along withacopy of the death certificate to the concerned APY-SP branch. The form is available at: www.npscra.nsdl.co.in>>Home>>AtalPension Yojana>>Forms>>Withdrawal Form>>APY death form. It will also be available at APY-SP Branch as well.
On death of the APY account subscriber, the monthly guaranteed pension shall be payable to the spouseof the subscriberand in the absence or subsequent death of the spouse, thepension corpusas per the pension plan subscribedshall be payable to the nominee of the subscriber.The nominee has to be someone else other than the spouse of the subscriber.
On death of the subscriberbefore 60 years, spouse has the option to continue thecontribution in theAPY account of subscriber, which can be maintained in the spouse’s name,for the remaining vesting time, till the time original subscriber would have attained 60 years of age.APY Mobile Application.
APY mobile applicationis available for APY usersfree of cost, where,recent 5 contributions can be checked and transaction statement and e-PRAN canalsobe downloadedanytime without paying any charge. Android users can download APY mobile application from Google play store by typing ‘APY and NPS Lite’ in search option.Raising Grievance Under APY.
Subscriber can anytimeraise grievancefree of cost and from anywhere byvisiting:www.npscra.nsdl.co.in>>Home >> select: NPS-Lite
Subscriberraising the grievance willbe allotted atoken numberagainst the grievance raised. Subscribermay check the status of the grievance under “Check the status of Grievance / Enquiry already registered”
