Atal Pension Yojana

PFRDA chairman Deepak Mohanty on Friday said the body is hopeful of adding 13 lakh individual subscribers to the NPS in FY24, up from the 10 lakh done in FY2022-23.At present, there are 48 lakh individual subscribers in the 'corporate' and…

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The government’s social security schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) – have covered over 556 million beneficiaries in eight years providing…

Under APY, a subscriber would receive a lifelong minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month from the age of 60 years.The total assets under management in Atal Pension Yojana is more than Rs 27,200 crore currentlyThe total…

Last Updated: April 19, 2023, 07:30 ISTTo enjoy retirement, you need to first ensure that there remains a steady income sourceTo enjoy retirement, you need to first ensure that there remains a steady income source even after you have left…

Bhagwat Karad said that the increase will also hike the subscription amount for pensioners.PFRDA received feedback from the market, asking for higher pension amounts because Rs 5,000 at the age of 60 was not sufficient.Despite the…

All Indian citizens between the ages of 18 and 40 who have savings accounts in a bank or post office are eligible for this program. In a similar vein, the proportion of subscribers between the ages of 18 and 25 has increased from 32% in…

Income taxpayers who want to subscribe to Atal Pension Yojana (APY)– a Union government-backed scheme for the unorganised sector launched in May 2015 – have two more days to join it. This is as per a Union finance ministry notification,…

Tax Rule Changes from Next Month: The month of September has already reached halfway, and with its end, the second quarter of the financial year will be ending. With the beginning of October, a new financial quarter, Q3, will begin. This…

Contribution to the National Pension System (NPS) account can now be made through Unified Payments Interface (UPI). The Pension Fund Regulatory and Development Authority (PFRDA) has launched its UPI handle that can be used for depositing…