Atal Pension Yojana (starting from June 01, 2015) is a scheme of the Government of India. It has been operated by the Pension Fund Regulatory and Development Authority (PFRDA) with the aim of providing the benefit of pension facility to the citizens, especially those associated with the unorganized sector.
Necessary
Terms/Conditions
-
Persons in the age group of 18 to 40 years, who are not income tax payers and are bank/post office account holders, will be eligible.
-
Age of starting pension 60 years.
-
Aadhar card will be the primary KYC for the bank account.
-
The minimum pension is Rs 1000/- and the maximum pension is Rs 5000/-.
-
In case of multiple accounts, that person will be eligible to join the scheme through only one account.
-
Aadhar card will be the primary KYC for the bank account.
-
Contribution can be on monthly or quarterly or half-Yearly basis through autodebit.
-
It is mandatory to provide the enrollment information in the account.
-
Subscriber can upgrade/downgrade pension amount once in a year.
