Atal pension yojana | Atal
pension yojana chart | Atal pension yojana calculator | Atal pension yojana
benefits | Atal pension yojana scheme | Atal pension yojana statement
👉APY Subscriber Contribution Table:
👉Penalty for non-compliance:
Under APY, individual subscribers have
the option to contribute on a monthly basis. Banks will levy an additional
amount for late payments, this amount will vary from the minimum of Rs. 1 per
month to Rs.10/- per month as given below:
• Rs. 1 per month for contribution up
to Rs. 100 per month.
• Rs. 2 per month for contribution up
to Rs. 101 to 500/month.
• Rs. 5 per month for contribution
between Rs 501 to Rs 1000 per month.
• Rs. 10 per month for contribution
above Rs.1001/- per month.
The fixed amount of interest/penalty
will remain as part of the pension corpus of the participant.
👉Suspension of payments of the contribution amount will
lead to the following:
• After 6 months the account will be
frozen.
• After 12 months, the account will be
deactivated.
• After 24 months, the account will be
closed.
Subscribe our WhatsApp channel Click to join
👉Raising Grievance Under APY:
Subscriber can anytime raise grievance free
of cost and from anywhere by visiting: www.npscra.nsdl.co.in >>Home >> select: NPS-Lite or through CGMS
👉Helpline Number:
Toll Free Helpline number for APY Scheme is
1800-110-069
👉Eligibility:
•Starting age and
contribution period: The minimum age to join APY is 18 years and the maximum age
is 40 years. The retirement age would be 60 years. Therefore, the subscriber's
minimum APY contribution period would be 20 years or more.
•All bank account holders under eligible category can join APY with automatic debit to accounts.
👉Exclusion:
Taxpayers will not be able to join APY from 1 October 2022. If
a plan subscriber who enrolled on or after October 1, 2022 is later found to
have paid income taxes on or before the application date, the APY account will
be terminated and the member will be awarded the total amount of pension assets
accumulated up to that point in accordance with the order. Members of the
statutory social security scheme are not eligible under this scheme.
Atal pension yojana | Atal pension yojana chart | Atal pension yojana calculator | Atal pension yojana benefits | Atal pension yojana scheme | Atal pension yojana statement
👉Statutory social
security system
• The Employees Provident Fund and Miscellaneous Provident
Act, 1952.
• Coal Mines Provident Fund and Miscellaneous Provision Act,
1948.
• Assam Tea Plantation Provident Fund and Miscellaneous Provision,
1955.
• Seamens’ Provident Fund Act, 1966.
• The Jammu Kashmir Employees' Provident Fund and
Miscellaneous Provisions Act, 1961.
• Any other statutory social security scheme.
👉Application Process:
Procedure 1
1. You can also open an APY account online using your bank's
Net banking facility.
2. The applicant can log into their online banking account
and search for APY on the dashboard.
3. The customer must fill in some basic and nominated data.
4. The customer must agree to the automatic deduction of the
premium from the account and submit the form.
Procedure 2
1.Visit website “https://enps.nsdl.com/eNPS/NationalPensionSystem.html “ and select “Atal Pension Yojana”.
2.Select “APY Registration”
3.Fill the basic details in the form. One can
complete KYC through 3 options:
• Offline KYC: where
Aadhaar XML file needs to be uploaded
• Aadhaar: where KYC is
done through OTP verification in mobile number registry with Aadhaar
• Virtual ID: where a
virtual Aadhaar ID is created for KYC.
👉Required document:
1. Aadhaar Card
2. Details of active
bank/postal savings account
Subscribe our WhatsApp channel Click to join
👉Frequently asked questions: Atal
Pension Yojana
• When will I
receive my pension❓
The retirement age
would be 60 years
•I am a Swavalamban
subscriber. Can I still apply for APY❓
All registered
Swavalamban subscribers aged 18-40 will be automatically migrated to APY
•What happens if the
post is late❓
Subscriber will be
charged delinquent interest for the overdue period if the APY contribution is
delayed beyond the due date
•How do I know the
status of my contribution❓
Periodic subscriber
information regarding PRAN activation, account balance, contribution credits
etc. will be sent to APY subscribers through SMS alert on registered mobile
number or can be accessed through Mobile/APY application launched by NSDL. The
subscriber will also receive a physical account statement once per financial
year to their registered address.
•Can an employee of
Central/State Government or Public Sector Undertaking and/or NPS subscriber
subscribe to APY❓
YES, any Indian citizen
in the age group of 18 - 40 years can join the APY scheme irrespective of
his/her government/public sector employment status to avail the benefits
guaranteed by the Government of India under this scheme. An existing NPS
subscriber can also subscribe to APY if they meet the basic eligibility
criteria for availing the benefits guaranteed by the Government of India;
according to the scheme
•Can I open an APY
account without a savings bank account❓
No, Savings Bank
Account / Post Office Savings Bank Account is mandatory to join APY.
•If I have completed 40
years, can I join Atal Pension Yojana❓
No, currently a person
who is in the age group of 18 years to 39 years 364 days can join Atal Pension
Yojana.
👉Also Check: Ladli Laxmi yojana
