Atal Pension Yojana (APY) is a government-backed pension scheme in India that was launched in 2015. Let us discuss the benefits and details of APY. The scheme is aimed at providing a fixed pension to individuals who are not covered by any other pension scheme. It is open to all citizens of India between the ages of 18 and 40, with a bank account and a mobile number. Let us discuss what is atal pension yojana? How to apply for atal pension yojana? how to close atal pension yojana online?
The key features of the Atal Pension Yojana include: A fixed pension of Rs. 1,000 to Rs. 5,000 per month, depending on the contribution made by the individual. The pension amount is guaranteed by the government, and it is paid to the individual’s bank account on a monthly basis. The individual can choose the pension amount and the age at which they want to start receiving the pension. The individual can make contributions to the scheme through a bank account, either on a monthly or quarterly basis. The government also provides a co-contribution of 50% of the individual’s contribution, up to a maximum of Rs. 1,000 per year, for a period of five years.
The scheme is open to all citizens of India between the ages of 18 and 40, with a bank account and a mobile number. The Atal Pension Yojana is an important scheme for those who are not covered by any other pension scheme. It is a great way for individuals to ensure that they have a regular source of income during their retirement years. The scheme is particularly beneficial for those who are self-employed or work in the unorganized sector, as they do not have access to other pension schemes. To maximize the benefits of the Atal Pension Yojana, it is important to start contributing to the scheme at an early age. This will ensure that the individual has a larger corpus by the time they reach retirement age. It is also important to make regular contributions, as this will help to build up the corpus over time.
How to close Atal pension yojana online?
1) Visit the official website of NPS CRA. 2) Select “Forms” and choose the “Withdrawal and Continuation” section. 3) Download “APY Death & Spouse Continuation” or “Voluntary Exit APY Withdrawal Form” as per your requirement. 4) Fill in the form with relevant information like PRAN, name etc and submit the form to the bank
Overall, Atal Pension Yojana (APY) is a great initiative by the Indian government to provide a fixed pension to individuals who are not covered by any other pension scheme. It is a great way to ensure a regular source of income during retirement years and it is important to start contributing at an early age and make regular contributions to maximize the benefits.
