Charges for default or delayed payment of monthly contribution under Atal Pension Yojana (APY)

In case a subscriber do not maintains adequate amount in his bank account for auto debit process of his or her monthly contribution amount towards Atal Pension Yojana, banks are required to collect Charges for default (delayed payments) as additional amount, such amount will vary from minimum Re 1 per month to Rs 10/- per […]

Highlights : Atal Pension Yojana (APY)

Under  Atal Pension Yojana (APY), there is guaranteed minimum monthly pension for the subscribers ranging between Rs. 1000 and Rs. 5000 per month. • The benefit of minimum pension would be guaranteed by the Government of India. • The Government of India will also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, […]

Atal Pension Yojana (APY) – Rules, Key Features , Eligibility, Enrolment

1. Background : The Government of India has introduced a pension scheme called the Atal Pension Yojana (APY), with effect from 1st June, 2015, pursuant to the announcement in the budget for 2015-16 on creating a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. […]