Showing posts with label APY. Show all posts
Showing posts with label APY. Show all posts

Tuesday 19 May 2015

Atal Pension Yojna (APY)-New Pension Scheme


Government of India launched three more Jan Suraksha Schemes called Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojna (APY). Atal pension Yojna(APY) is pension scheme for citizens of India focussed on the unorganized sector workers. Under the Atal pension Yojna (APY) scheme, a guaranteed minimum pension of Rs. 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month will be given at the age of 60 years depending on the contributions made by the subscribers. 

Who can subscribe/enroll for APY?
Any Citizen of India can join APY scheme. The following are the eligibility criteria;
  • The age of the subscriber should be between 18 – 40 years.
  • He / She should have a savings bank account/ open a savings bank account.
  • The prospective applicant should be in possession of mobile number and its details are to be furnished to the bank during registration.