In India, we have many pension schemes for the people and one of them is Atal pension yojana. The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said that over 40 lakh new subscribers have enrolled themselves under the Atal Pension Yojana (APY) so far, this financial year.
Issuing a press statement, the PFRDA said that with the latest additions, the entire enrolments under the APY have crossed 2.63 crores.
What is Atal Pension Yojana
Notably, the APY is a guaranteed pension scheme of the Central government which offers triple benefits to the subscriber, on attaining 60 years of age.
The APY benefits include minimum guaranteed pension to the subscriber, same guaranteed pension to the spouse after the demise of subscriber and return of the accumulated pension wealth till age 60 of the subscriber to the nominee.
“More than 40 lakh new subscribers are enrolled under APY during the financial year 2020-21 (April 1, 2020 to November 13, 2020),” the PFRDA said.
As per updates from the PFRDA, the State Bank of India sourced quite more than 10 lakhs new APY accounts while Canara Bank, Indian Bank, Central Bank of India, Bank of India, Bank of Baroda, Airtel Payments Bank Ltd, Punjab National Bank, Axis Bank Ltd and Indian Overseas Bank sourced more than one lakh accounts.
For complete details of Atal pension yojana click; Atal pension yojana
Direct link to apply for Atal Pension Yojana
Source: Inputs from agencies
