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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,...
Thursday, 20 August 2020
Saturday, 23 May 2020
Atal Pension Yojana : Objectives, eligibility, funding
Atal Pension Yojana is a scheme launched on 9th May 2015 by Prime Minister Narendra Modi to make the senior citizens self-reliant after their retirement. The scheme aims to increase the old age income security of the working poor. The Government launched the scheme which came into effect from 1st June 2015. It replaced the Swavalamban Yojana/NPS Lite scheme.The APY scheme is being administered by the Pension Fund Regulatory and Development Authority....
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