Atal Pension Yojana (APY) 2023 - Objectives, Benefits, Features, Eligibility, Scope & Application Process

Introduction to Atal Pension Yojana

Atal Pension Scheme: In India, If we take a pension scheme that is backed by the Government, then Atal Pension Yojana – Atal Pension Scheme is one of the biggest and most important pension scheme in India.

Atal Pension Scheme (APY) is also an important pension scheme or government-backed scheme about questions that could be asked in competitive examinations in India such as UPSC Prelims, UPSC mains, SSC, SSB, CAT & many more. If you are preparing for government exams in India or Willing to enhance your knowledge about government schemes in India, then this blog going to help you in & out.

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Atal Pension Yojana Details

Aspect	Information
Scheme Name	Atal Pension Yojana (APY)
Launch Date	Launched in 2015.
Eligibility Age	Between 18 to 40 years of age.
Retirement Age	60 years
Minimum Period of Contribution	20 years
Minimum Pension Amount	Rs. 1000 per month
Maximum Pension Amount	Rs. 5000 per month
Contribution Frequency	Monthly
Subscriber Contribution	Varies based on entry age and chosen pension amount
Government Co-contribution	50% of the subscriber's contribution or Rs. 1000 p.a., whichever is lower
Voluntary Savings Scheme	Yes
Tax Benefits	Contributions are eligible for tax deduction under Section 80CCD
Investment Returns	Variable, based on the scheme's performance
Spouse Benefit	Spouse is eligible for the same pension after the subscriber's demise
Nominee Benefit	Return of the pension corpus to the nominee after both subscriber and spouse's demise
Risk	Low
Accessibility	Available through banks and post offices
Grievance Redressal	Available
Scheme Type	Defined benefit pension scheme
Online Registration	Available
Government Guarantee	Guaranteed minimum monthly pension
Exit Provision	Available after completion of 60 years of age
Minimum Guarantee Period	Until the age of 60 years
Regulatory Authority	Pension Fund Regulatory and Development Authority (PFRDA)
Payment Mode	Auto-debit from savings bank account

 

  

What is Atal Pension Scheme (APS)? – Atal Pension Yojana (APY)

The Atal Pension Yojana (APY) is an Indian government-backed pension scheme designed for workers in the unorganized sector. It enables participants to save for retirement and guarantees a defined pension upon reaching the age of 60.

Open to all bank account holders aged 18 to 40, who are not part of any statutory social security scheme, APY requires a minimum contribution period of 20 years.

The government co-contributes 50% of the subscriber's contribution or Rs. 1,000 per year, whichever is lower, for 5 years, to non-taxpaying participants not enrolled in other statutory social security schemes.

 

Objectives of Atal Pension Scheme

Atal Pension Scheme Covers a wide range of Objectives. We have listed them below:

1.       Universal Social Security Coverage: APY seeks to provide universal social security coverage for workers in the unorganized sector, who often lack access to formal pension plans.

2.       Encourage Savings for Retirement: The scheme encourages workers in the unorganized sector to save regularly for their retirement by offering a defined pension at the age of 60.

3.       Provide a Defined Pension: APY guarantees a fixed monthly pension ranging from Rs. 1,000 to Rs. 5,000 to the subscriber after they reach the age of 60, ensuring a steady income stream in old age.

4.       Co-contribution by Government: To incentivize participation, the government co-contributes 50% of the subscriber's contribution or Rs. 1,000 per year, whichever is lower, for a period of 5 years to those who are not income tax payers and are not included in any other statutory social security schemes.

5.       Financial Inclusion: By making the scheme available to all bank account holders, APY aims to further financial inclusion, especially among lower-income groups and those in the unorganized sector.

6.       Simple and Accessible: The scheme is designed to be simple and accessible, allowing individuals to contribute through auto-debit facilities from their bank accounts, making it easy for them to participate and save for retirement.

7.       Family Security: In the event of the subscriber's death, the pension would continue to be given to the spouse and on the death of both, the corpus would be returned to the nominee. This ensures financial security for the family even after the subscriber's demise.

 

 

Features of Atal Pension Yojana

We have listed some of the key futures of Atal Pension Yojana below:

1.       Open to all bank account holders aged 18 to 40 years.

2.       Available to workers in the unorganized sector who are not part of any statutory social security scheme.

3.       Offers a defined pension ranging from Rs. 1,000 to Rs. 5,000 after reaching the age of 60.

4.       Requires a minimum contribution period of 20 years.

5.       Government co-contribution of 50% of the subscriber's contribution or Rs. 1,000 per year for 5 years for eligible participants.

6.       Voluntary contribution levels with the option to increase or decrease the contribution amount.

7.       Easy contribution through auto-debit from the subscriber's bank account.

8.       Pension continues to the spouse after the subscriber's death.

9.       Upon the death of both the subscriber and spouse, the corpus is returned to the nominee.

10.   Late payment penalties ranging from Rs. 1 to Rs. 10 per month for delayed contributions.

11.   Option to exit the scheme before the age of 60 with certain conditions.

12.   Provides a guaranteed minimum pension by the Government of India.

13.   Administered by the Pension Fund Regulatory and Development Authority (PFRDA).

14.   Encourages financial inclusion and savings discipline among the unorganized sector workers.

15.   Contributes to social security and economic stability for the elderly population.

 

 

Scope of Atal Pension Yojana

The Atal Pension Yojana (APY) has a wide scope, targeting the vast unorganized sector in India. It aims to provide social security coverage to workers often excluded from formal pension plans. 

The scheme is accessible to bank account holders aged 18 to 40, promoting savings for retirement across demographics.

APY provides a guaranteed defined pension to subscribers after 60, contributing to the financial well-being of the elderly.

With the government's co-contribution and ease of contribution through auto-debit, the scheme encourages financial inclusion, savings discipline, and economic stability among the lower-income groups and unorganized sector workers.

 

 

Benefits of Atal Pension Yojana

We have listed many famous benefits of this Atal Pension Yojana below:

1.       Atal Pension Yojana Provides a guaranteed defined pension to subscribers after the age of 60.

2.       Atal Pension Yojana Offers a range of pension options from Rs. 1,000 to Rs. 5,000.

3.       Atal Pension Yojana Encourages savings discipline among unorganized sector workers.

4.       Government co-contribution of 50% of the subscriber's contribution or Rs. 1,000 per year for 5 years for eligible participants under Atal Pension Yojana.

5.       Financial inclusion by being accessible to all bank account holders aged 18 to 40 in Atal Pension Yojana.

6.       Atal Pension Yojana allows Easy contribution through auto-debit from the subscriber's bank account.

7.       In Atal Pension Yojana, Spouse receives the pension after the subscriber's death.

8.       In Atal Pension Yojana, On death of both subscriber and spouse, the corpus is returned to the nominee.

9.       Atal Pension Yojana offers Flexibility to increase or decrease the contribution amount.

10.   Atal Pension Yojana Guarantees a minimum pension by the Government of India.

11.   There is Option to exit the scheme before the age of 60 with certain conditions.

12.   Atal Pension Yojana is Administered by the Pension Fund Regulatory and Development Authority (PFRDA).

13.   Atal Pension Yojana Provides social security coverage to workers in the unorganized sector.

14.   Atal Pension Yojana Helps build a financial safety net for retirement.

15.   Atal Pension Yojana Promotes financial planning and literacy among the unorganized sector workers.

16.   Atal Pension Yojana Reduces financial dependency on family in old age.

17.   Atal Pension Yojana Contributes to social and economic stability for the elderly population.

18.   Atal Pension Yojana Late payment penalties encourage timely contributions and financial discipline.

19.   Atal Pension Yojana Offers tax benefits as per the applicable tax laws.

20.   Atal Pension Yojana Provides a sense of security and peace of mind for the future.

 

 

Eligibility for Atal Pension Scheme

We have listed the Eligibility criteria of Atal Pension Yojana below:

1.       Age: The individual should be aged between 18 and 40 years.

2.       Bank Account: The individual must have a savings bank account. The individual can open an account if they don't have one.

3.       Mobile Number: The individual should have a mobile number. This is required for registration and communication purposes.

4.       Consent: The individual should be willing to make the necessary contributions to the scheme on a regular basis.

5.       Exclusion: The individual should not be a member of any other statutory social security scheme.

6.       Taxpayer: Those who are taxpayers are also eligible, but they will not be eligible for the government's co-contribution.

 

 

How to apply for Atal Pension Scheme

We have added the Application process of Atal Pension Yojana below. You can follow these steps if you willing to apply for Atal Pension Yojana:

1.       Visit the Bank: Go to the bank where you have a savings account. If you do not have a savings account, you will need to open one.

2.       Application Form: Obtain the APY registration form from the bank or download it from the bank's official website.

3.       Fill the Form: Fill out the application form with the required details, such as your name, bank account number, age, mobile number, and the amount of pension you wish to receive after the age of 60.

4.       Choose Contribution: Decide on your contribution level based on the pension amount you wish to receive and your entry age.

5.       Submit the Form: Submit the completed application form along with any required documents, such as proof of identity and proof of address.

6.       Auto-Debit Facility: You will need to sign an authorization for auto-debit of your contributions from your savings bank account.

7.       Acknowledgment: After processing the application, the bank will provide you with an acknowledgment slip, which confirms your enrollment in APY.

8.       Check Contributions: Ensure that the contributions are being debited from your account regularly as per the selected contribution frequency.

 

 

Challenges to Atal Pension Scheme

Atal Pension Yojana have faced and still facing many challenges. We have listed all of them below:

1.       Financial Literacy

Many potential subscribers in the unorganized sector lack financial literacy and awareness, which hampers their understanding of the scheme and its benefits.

 

2.       Low-Income Levels

The target demographic often has low and irregular incomes, making it challenging for them to contribute consistently to the pension scheme.

 

3.       Informal Employment

The majority of the unorganized sector workers are employed in informal jobs, which makes it difficult to bring them under the umbrella of a formal pension scheme.

 

4.       Coverage

Despite its broad scope, reaching remote and marginalized communities remains a significant challenge for the scheme.

 

5.       Enrollment Process

The enrollment process requires a savings bank account and a mobile number, which might be a barrier for some individuals in the unorganized sector.

 

6.       Dependency on Government Co-Contribution

The success of the scheme is partly reliant on the government's co-contribution, which may be unsustainable in the long term given the size of the target population.

 

7.       Voluntary Participation

The voluntary nature of the scheme means that many workers may choose not to participate, especially if they do not understand the benefits or cannot afford the contributions.

 

8.       Operational Challenges

There can be operational challenges in terms of managing a large number of small contributions and ensuring timely payouts.

 

9.       Investment Risks

The scheme is subject to investment risks, and there is a possibility that the returns may not be sufficient to provide the promised pension.

 

10.   Inflation

The fixed pension amounts may not be sufficient in the future if they do not keep pace with inflation, thereby eroding the real value of the pension received by the subscribers.

 

 

Latest Updates about Atal Pension Yojana

The Atal Pension Yojana (APY) has marked eight years of successful implementation, with over 5.25 crore subscribers enrolled across India. The scheme was launched in 2015 to provide old age income security to all Indian citizens, especially those in the unorganised sector.

Since its inception, enrolments have displayed an increasing trend, with a growth of 20% in FY23 over FY22, compared to a growth of 25% in FY22 over FY21.

As of the latest update, the total assets under management in APY are more than Rs. 28,434 crore, generating an investment return of 8.92% since its inception.

The success of the scheme in bringing the most vulnerable sections of society under pension coverage has been facilitated by the support of Public and Private Banks, Regional Rural Banks, Payments Banks, Small Finance Banks, the Department of Posts, and the State Level Bankers’ Committees.

The APY is available to any Indian citizen between the ages of 18 and 40 years, who is not an income taxpayer and has a savings bank account.

Subscribers receive a lifelong minimum guaranteed pension of Rs.1000 to Rs.5000 per month from the age of 60 years, depending on their contributions.

The Pension Fund Regulatory and Development Authority (PFRDA) is committed to making India a pensioned society, aligning with the vision of the Government of India.

 

 

FAQs on Atal Pension Yojana

Question: What is Atal Pension Yojana?

Answer. APY is a government-backed pension scheme in India designed to provide a defined pension to workers in the unorganized sector after they retire at the age of 60.

Question: Does Atal Pension Yojana offer Section 80C benefits?

Answer. Yes, contributions to the APY are eligible for tax deductions under Section 80CCD(1) of the Income Tax Act, 1961, which falls under the overall limit of Section 80C.

Question: Is Atal Pension Yojana covered under Section 80C?

Answer. APY is covered under Section 80CCD(1), which is a part of the overall limit of Section 80C.

Question: How does Atal Pension Yojana compare to the National Pension Scheme?

Answer. Both APY and NPS are government-backed pension schemes. While APY provides a guaranteed pension after the age of 60, NPS is a market-linked investment scheme with no guaranteed returns.

Question: What are the key details of the Atal Pension Yojana scheme?

Answer. APY is a pension scheme for workers in the unorganized sector aged between 18 and 40 years. It provides a guaranteed pension ranging from Rs. 1,000 to Rs. 5,000 after the age of 60, based on contributions.

Question: How does the scheme of Atal Pension Yojana work?

Answer. Subscribers contribute to the APY scheme based on their pension choice, and the government co-contributes for eligible participants. After the age of 60, a guaranteed pension is paid to the subscriber and later to the spouse, with the corpus returned to the nominee after their demise.

Question: Are there any schemes similar to Atal Pension Yojana?

Answer. The National Pension Scheme (NPS) is a similar government-backed pension scheme. However, NPS is a market-linked investment with no guaranteed returns, unlike APY.

Question: What is the toll-free number for Atal Pension Yojana?

Answer. The toll-free number for APY inquiries may vary by the Pension Fund Regulatory and Development Authority (PFRDA) and the banks offering the scheme. It's best to check with your bank or the PFRDA for the specific toll-free number.

Question: What are the benefits of Atal Pension Yojana through State Bank of India (SBI)?

Answer. SBI offers APY with all its standard benefits, including a guaranteed pension after the age of 60, government co-contribution for eligible participants, and easy contributions through auto-debit.

Question: What are the terms and conditions of Atal Pension Yojana?

Answer. Key terms and conditions include age eligibility (18 to 40 years), minimum contribution period (20 years), government co-contribution for eligible participants, and fixed pension amounts based on contributions.

Question: When was Atal Pension Yojana started?

Answer. Atal Pension Yojana was launched on 9 May 2015.

Question: How can I register for Atal Pension Yojana?

Answer. You can register for APY by visiting your bank, filling out the APY registration form, choosing your contribution level, and setting up an auto-debit facility for contributions.

Question: What are the rules of Atal Pension Yojana?

Answer. Key rules include age eligibility (18 to 40 years), a minimum contribution period of 20 years, government co-contribution for eligible participants, and fixed pension amounts based on contributions.

Question: What tax benefits are available under Atal Pension Yojana?

Answer. Contributions to APY are eligible for tax deductions under Section 80CCD(1) of the Income Tax Act, 1961, which falls under the overall limit of Section 80C.

Question: Is Atal Pension Yojana included under Section 80C?

Answer. Yes, APY is included under Section 80CCD(1), which is a part of the overall limit of Section 80C.

Question: अटल पेंशन योजना को ऑनलाइन बंद कैसे करे?

Answer. अटल पेंशन योजना को ऑनलाइन बंद करने के लिए आपको अपनी बैंक शाखा में जाकर एक आवेदन पत्र देना होगा। ऑनलाइन विकल्प बैंक की वेबसाइट या मोबाइल ऐप पर उपलब्ध हो सकता है, इसलिए आपको अपने बैंक से संपर्क करना होगा।

Question: How can I close my Atal Pension Yojana online?

Answer. You may need to visit your bank branch to submit a closure application form. The online option may be available on your bank's website or mobile app, so you should check with your bank.

Question: Atal Pension Yojana ko online kaise band kare?

Answer. Atal Pension Yojana ko online band karne ke liye aapko apne bank branch me jakar ek closure application form dena hoga. Online option aapke bank ki website ya mobile app par uplabdh ho sakta hai, isliye aapko apne bank se sampark karna hoga.

Question: How can I close my Atal Pension Yojana online through NSDL?

Answer. You may need to visit your bank branch to submit a closure application form. The online option may be available on the NSDL website, so you should check there or contact NSDL for assistance.

Question: How can I change my name in Atal Pension Yojana?

Answer. To change your name in APY, you may need to visit your bank branch with the necessary documents for proof of name change and submit an application form.

Question: How does Atal Pension Yojana compare to Systematic Investment Plans (SIP)?

Answer. While APY provides a guaranteed pension after the age of 60, SIPs are market-linked investment plans without guaranteed returns. The returns on SIPs depend on the performance of the chosen investment.

Question: Who regulates Atal Pension Yojana?

Answer. Atal Pension Yojana is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

Question: What are the returns on Atal Pension Yojana?

Answer. APY provides a guaranteed pension amount after the age of 60, based on the chosen contribution level. It does not have market-linked returns.

Question: How can I register for Atal Pension Yojana?

Answer. You can register for APY by visiting your bank, filling out the APY registration form, choosing your contribution level, and setting up an auto-debit facility for contributions.

Question: What is the procedure for Atal Pension Yojana?

Answer. The procedure for APY involves choosing a bank, filling out the registration form, selecting the contribution level, and setting up an auto-debit facility for regular contributions.

Question: What are the qualifications for Atal Pension Yojana?

Answer. To qualify for APY, individuals must be aged between 18 and 40 years, have a savings bank account, not be a taxpayer, and be willing to contribute regularly.

Question: What is the latest news on Atal Pension Yojana in 2022?

Answer. As of the latest update, APY has completed eight years with over 5.25 crore subscribers. It has shown consistent growth in new enrolments, and the total assets under management have exceeded Rs. 28,434 crore.

Question: Atal Pension Yojana 2023 ki jaankari Hindi me kya hai?

Answer. Atal Pension Yojana 2023 mein bhi chalu rahegi, aur ismein vruddhi hone ki sambhavna hai. Yojana ke antargat pension ki matra, yogdan aur niyam avashyak roop se same rahegi. Adhik jaankari ke liye aap apne bank se sampark kar sakte hain.

Question: In which year was Atal Pension Yojana launched?

Answer. Atal Pension Yojana was launched in the year 2015.

Question: How can I withdraw from Atal Pension Yojana?

Answer. Withdrawal from APY is allowed after the age of 60. In the case of death of the subscriber, the spouse can continue the scheme or withdraw the accumulated pension wealth.

Question: Atal Pension Yojana kya hai Hindi me?

Answer. Atal Pension Yojana ek sarkari pension yojana hai jo 60 saal ke baad niyamit pension pradan karta hai. Yeh yojana Bharat ke anauopcharik kshetra ke karmachariyon ke liye hai.

Question: Who is eligible for Atal Pension Yojana?

Answer. Individuals aged between 18 and 40 years, who have a savings bank account and are not taxpayers, are eligible for Atal Pension Yojana.

Question: अटल पेंशन योजना क्या है?

Answer. अटल पेंशन योजना एक सरकार समर्थित पेंशन योजना है, जो भारत के अनौपचारिक क्षेत्र के कर्मचारियों को 60 वर्ष की आयु के बाद नियमित पेंशन प्रदान करती है।

Question: अटल पेंशन योजना के क्या लाभ हैं?

Answer. इस योजना के लाभ में नियमित पेंशन, सरकारी सहायता, पति या पत्नी को पेंशन का भुगतान, और दोनों की मृत्यु के बाद नामित व्यक्ति को पेंशन का पुनर्विक्रय शामिल है।

Question: अटल पेंशन योजना में कितना ब्याज मिलता है?

Answer. अटल पेंशन योजना एक निश्चित पेंशन योजना है, इसलिए इसमें ब्याज की दर निर्धारित नहीं होती है। पेंशन की राशि आपके योगदान के आधार पर तय होती है।

Question: सबसे अच्छा पेंशन प्लान कौन सा है?

Answer. सबसे अच्छा पेंशन प्लान व्यक्ति के वित्तीय लक्ष्यों, जोखिम सहनशीलता, और निवेश क्षितिज पर निर्भर करता है। अटल पेंशन योजना एक अच्छा विकल्प है यदि आप एक निश्चित पेंशन चाहते हैं।

Question: अटल पेंशन योजना में बीमा होता है क्या?

Answer. अटल पेंशन योजना एक पेंशन योजना है और इसमें अलग से बीमा कवरेज नहीं होता है। हालांकि, यह व्यक्ति के मृत्यु के बाद उनके पति या पत्नी को पेंशन प्रदान करता है, और दोनों की मृत्यु के बाद नामित व्यक्ति को पेंशन का पुनर्विक्रय करता है।

Question: अटल पेंशन योजना में कितने साल तक जमा करना पड़ता है?

Answer. अटल पेंशन योजना में कम से कम 20 वर्षों तक योगदान करना पड़ता है। यदि आप 18 वर्ष की आयु में इसमें शामिल होते हैं, तो आपको 60 वर्ष की आयु तक योगदान करना होगा।

Question: अटल पेंशन योजना में मृत्यु के बाद क्या होता है?

Answer. अगर ग्राहक की मृत्यु 60 वर्ष की आयु से पहले होती है, तो नामित व्यक्ति को पेंशन का पुनर्विक्रय मिलता है। अगर मृत्यु 60 वर्ष की आयु के बाद होती है, तो पति या पत्नी को पेंशन मिलती है, और फिर दोनों की मृत्यु के बाद नामित व्यक्ति को पेंशन का पुनर्विक्रय मिलता है।

Question: अटल पेंशन योजना के लिए कौन पात्र नहीं है?

Answer. अटल पेंशन योजना के लिए पात्रता में उम्र सीमा (18 से 40 वर्ष), आयकर दाता न होना, और बचत बैंक खाता होना शामिल है। इसके अलावा, जो लोग इन मापदंडों को पूरा नहीं करते हैं, वे पात्र नहीं होंगे।

Question: मृत्यु होने पर कितने पैसे मिलते हैं?

Answer. मृत्यु होने पर, अगर ग्राहक 60 वर्ष की आयु से पहले मर जाता है, तो नामित व्यक्ति को पेंशन का पुनर्विक्रय मिलता है। अगर मृत्यु 60 वर्ष की आयु के बाद होती है, तो पति या पत्नी को पेंशन मिलती है, और फिर दोनों की मृत्यु के बाद नामित व्यक्ति को पेंशन का पुनर्विक्रय मिलता है।

Question: अटल पेंशन योजना कैलकुलेटर क्या है?

Answer. अटल पेंशन योजना कैलकुलेटर एक ऑनलाइन उपकरण है जो आपको यह गणना करने में मदद करता है कि आपको कितना योगदान करना होगा ताकि आप 60 वर्ष की आयु के बाद वांछित पेंशन प्राप्त कर सकें।

Question: अटल पेंशन योजना कौन से बैंक ऑफर करते हैं?

Answer. अधिकांश बैंक जैसे कि स्टेट बैंक ऑफ इंडिया, एचडीएफसी बैंक, आईसीआईसीआई बैंक, पंजाब नेशनल बैंक, और कई अन्य अटल पेंशन योजना की पेशकश करते हैं।

Question: अटल पेंशन योजना की न्यूनतम आयु क्या है?

Answer. अटल पेंशन योजना में शामिल होने के लिए न्यूनतम आयु 18 वर्ष है।

Question: अटल पेंशन का बैलेंस जानने के लिए क्या करना होगा?

Answer. अटल पेंशन का बैलेंस जानने के लिए आपको अपनी बैंक शाखा में जाना होगा या अपने बैंक की वेबसाइट पर लॉग इन करना होगा।

Question: अटल पेंशन योजना क्या है?

Answer. अटल पेंशन योजना एक सरकारी पेंशन योजना है, जो 60 साल की आयु के बाद नियमित पेंशन प्रदान करती है। इस योजना में शामिल होने के लिए आयकर दाता नहीं होना चाहिए, और बचत खाता होना चाहिए।

Question: पति की मौत के बाद पत्नी को कितनी पेंशन मिलेगी?

Answer. पति की मृत्यु होने पर, पत्नी को पति की पेंशन मिलेगी, जब तक कि वह खुद 60 साल की नहीं हो जाती।

Question: अटल पेंशन योजना में ऑनलाइन खाता कैसे खोलें?

Answer. आप अपने बैंक की वेबसाइट पर जाकर और वहां उपलब्ध अटल पेंशन योजना आवेदन पत्र को भरकर ऑनलाइन खाता खोल सकते हैं।

Question: क्या अटल पेंशन योजना में निवेश करना अच्छा है?

Answer. अटल पेंशन योजना एक सुरक्षित और गारंटीड पेंशन योजना है, जो विशेषकर अनौपचारिक क्षेत्र के कर्मचारियों के लिए उपयुक्त है। इसलिए, यदि आप एक निश्चित पेंशन चाहते हैं, तो यह एक अच्छा विकल्प हो सकता है।

Question: क्या मैं APY राशि निकाल सकता हूं?

Answer. APY से निकासी सीमित स्थितियों में ही संभव है, जैसे कि सदस्य की मृत्यु या विकलांगता। 60 वर्ष की आयु के बाद, आप पेंशन के रूप में नियमित भुगतान प्राप्त कर सकते हैं।

Question: क्या अटल पेंशन टैक्स फ्री है?

Answer. अटल पेंशन योजना के तहत मिलने वाली पेंशन आयकर के अधीन है। इसलिए, यह पूरी तरह से टैक्स फ्री नहीं है।

Question: अटल पेंशन योजना ऑनलाइन कैसे बंद करें?

Answer. आपको अपनी बैंक शाखा में जाकर एक बंदी आवेदन पत्र भरना होगा। ऑनलाइन विकल्प NSDL वेबसाइट पर उपलब्ध हो सकता है।

Question: What is Atal Pension Yojana Website?

Answer. The official website for Atal Pension Yojana is https://npslite-nsdl.com/CRAlite/ePradan/

Question: Who is eligible for Atal pension yojana?

Answer. Indian citizens aged between 18 and 40 years, who are not income taxpayers and have a savings bank account, are eligible for Atal Pension Yojana.

Question: What is Atal pension yojana alternative?

Answer. The National Pension Scheme (NPS) is an alternative to Atal Pension Yojana.

Question: What is Eligibility for atal pension yojana in hindi

Answer. भारतीय नागरिक जिनकी आयु 18 से 40 वर्ष के बीच है, जो आयकर दाता नहीं हैं और जिनका बचत खाता है, अटल पेंशन योजना के लिए पात्र हैं।

Question: Does atal pension yojana comes under tax benefit

Answer. Yes, the contributions made to Atal Pension Yojana qualify for tax deductions under Section 80CCD(1).

Question: What are Disadvantages of Atal Pension Yojana?

Answer. The disadvantages include limited returns, lack of liquidity, and no flexibility to change pension amount.

Question: What are required Atal pension yojana documents?

Answer. The main documents required are Aadhaar Card, PAN Card, Bank Account Passbook, and an Application Form.

Question: Faq on atal pension yojana

Answer. FAQs on Atal Pension Yojana can be found on the official website and through customer care services of banks.

Question: Atal pension yojana form kaise bhare?

Answer. आप अटल पेंशन योजना का फॉर्म अपने बैंक में जाकर या ऑनलाइन मोड में भर सकते हैं।

Question: What are the Features of Atal Pension Yojana?

Answer. Some features include a guaranteed pension, the flexibility of choosing pension amounts, co-contribution by the government, and easy withdrawal.

Question: Atal pension yojana form

Answer. The form for Atal Pension Yojana can be downloaded from the official website or collected from a bank.

Question: Atal pension yojana all details in hindi

Answer. अटल पेंशन योजना (APY) को 2015 में शुरू किया गया था और इसका उद्देश्य भारतीय नागरिकों को सेवानिवृत्ति के बाद एक निर्धारित पेंशन प्रदान करना है। योजना की पात्रता आयु 18 से 40 वर्ष के बीच है और सेवानिवृत्ति की आयु 60 वर्ष है। योजना के तहत न्यूनतम अवधि 20 वर्ष है और न्यूनतम पेंशन राशि ₹1000 प्रति माह है। अधिकतम पेंशन राशि ₹5000 प्रति माह है और योगदान की आवृत्ति मासिक है। सब्सक्राइबर का योगदान उनकी प्रवेश आयु और चुनी गई पेंशन राशि के आधार पर भिन्न होता है। सरकार का सह-योगदान सब्सक्राइबर के योगदान का 50% या ₹1000 प्रति वर्ष, जो भी कम हो, है। यह एक स्वैच्छिक बचत योजना है और इसके योगदान धारा 80CCD के तहत कर में छूट के पात्र हैं। निवेश की वापसी परिवर्तनीय है और योजना के प्रदर्शन पर निर्भर करती है। पति या पत्नी को सब्सक्राइबर के निधन के बाद समान पेंशन का लाभ मिलता है और नामांकित व्यक्ति को सब्सक्राइबर और पति/पत्नी दोनों के निधन के बाद पेंशन पूंजी वापस मिलती है। योजना में जोखिम कम है और इसे बैंकों और डाकघरों के माध्यम से उपलब्ध किया गया है। शिकायत निवारण की सुविधा उपलब्ध है और यह एक निर्धारित लाभ पेंशन योजना है। ऑनलाइन पंजीकरण उपलब्ध है और सरकार न्यूनतम मासिक पेंशन की गारंटी देती है। परित्याग प्रावधान 60 वर्ष की आयु पूरी होने के बाद उपलब्ध है और न्यूनतम गारंटी अवधि 60 वर्ष की आयु तक है। पेंशन निधि नियामक और विकास प्राधिकरण (PFRDA) इस योजना का नियामक प्राधिकरण है। भुगतान मोड बचत बैंक खाते से स्वचालित डेबिट है। इस योजना का उद्देश्य सब्सक्राइबरों को सेवानिवृत्ति के बाद एक निर्धारित पेंशन प्रदान करना है।

Question: Atal pension yojana benefits in hindi

Answer. इसमें न्यूनतम गारंटीड पेंशन, सरकार द्वारा सहयोग, नामांकन की आसानी, और पति या पत्नी के लिए पेंशन शामिल हैं।

Question: Atal pension yojana eligibility

Answer. Indian citizens aged between 18 and 40 years, who are not income taxpayers and have a savings bank account, are eligible.

Question: Atal pension yojana age limit

Answer. The minimum age for joining is 18 years, and the maximum is 40 years.

Question: Atal pension yojana death benefits in hindi

Answer. मृत्यु के मामले में, पेंशन पति या पत्नी को मिलती रहेगी और उसके बाद नामित व्यक्ति को पेंशन का पुनर्विक्रय मिलेगा

Question: Latest news on atal pension yojana

Answer. As of the latest update, Atal Pension Yojana has garnered over 5.25 crore subscribers since its launch in 2015, showing consistent growth in enrollments.

The scheme's success is attributed to its wide implementation across India, with contributions from Public and Private Banks, Regional Rural Banks, and more.

Atal Pension Yojana has provided an investment return of 8.92% since inception, and the total assets under management are more than Rs. 28,434 crore.

Question: What is Atal pension scheme for?

Answer. Atal Pension Yojana is a government-backed pension scheme aimed at providing a guaranteed pension to Indian citizens, especially those in the unorganized sector, after the age of 60.

Question: Who is eligible for Atal pension scheme?

Answer. Indian citizens aged between 18 and 40 years, who are not income taxpayers and have a savings bank account, are eligible for Atal Pension Yojana.

Question: Is it good to invest in Atal Pension Yojana?

Answer. Yes, it is a good investment for individuals looking for a guaranteed pension, especially those in the unorganized sector.

Question: What are the disadvantages of APY?

Answer. The disadvantages include limited returns, lack of liquidity, and no flexibility to change pension amount.

Question: What will be the value of Rs 5000 after 30 years?

Answer.

The value of money over time considering inflation can be calculated using the formula for future value with inflation:

FV = PV / (1 + i)^n

Where:

FV is the future value

PV is the present value (the initial amount)

i is the inflation rate

n is the number of years

In this case, PV is Rs. 5000, n is 3 years, and the inflation rate (i) is (if we consider) between 9% and 11%. Let's calculate the approximate value for both 9% and 11% inflation rates:

 

For 9% inflation rate:

FV = 5000 / (1 + 0.09)^3

FV = 5000 / (1.09)^3

FV = Rs. 3892.77 approximately

 

For 11% inflation rate:

FV = 5000 / (1 + 0.11)^3

FV = 5000 / (1.11)^3

FV = Rs. 3614.38 approximately

So, the approximate value of Rs. 5000 after three years considering an inflation rate of 9-11% per year would be between Rs. 3614.38 and Rs. 3892.77.

Question: How do I get a 50000 pension per month?

Answer. To get a Rs 50,000 pension per month, you need to

1.       Regularly contribute to the National Pension System (NPS).

2.       Invest in annuity plans offered by insurance companies.

3.       Contribute to a Public Provident Fund (PPF) account.

4.       Start a Systematic Investment Plan (SIP) in mutual funds.

5.       Build a diverse portfolio of dividend-paying stocks.

6.       Invest in real estate properties that can generate rental income.

7.       Purchase long-term government or corporate bonds.

8.       Contribute to Atal Pension Yojana (APY) for a guaranteed pension.

9.       Save a portion of your income in fixed deposits for regular interest payouts.

10.   Plan your retirement with a financial advisor to create a custom strategy.

 

Question: Which is better NPS or Atal Pension Yojana?

Answer. It depends on your investment goals and risk appetite. NPS offers a wider range of investment options and potentially higher returns, while Atal Pension Yojana provides a guaranteed pension.

Question: What happens if APY dies before 60?

Answer. If the subscriber dies before the age of 60, the spouse can continue contributing to the scheme or exit by receiving the accumulated pension wealth.

Question: How to get 1 lac monthly pension?

Answer. To get a Rs 1 lac monthly pension, you need to invest a significant amount in a pension plan, taking into account the interest rate or investment return over a period of time.

Question: How to get 2 lakh per month pension?

Answer. To get a Rs 2 lakh monthly pension, you need to invest a significant amount in a pension plan, taking into account the interest rate or investment return over a period of time.

Question: Where to invest 1 lakh per month?

Answer. You can invest Rs 1 lakh per month in various investment options like mutual funds, stocks, fixed deposits, etc., depending on your risk appetite and investment goals.

Question: How much pension will rs 10 lakh give per month?

Answer. The monthly pension from Rs 10 lakh will depend on the interest rate or investment return, and the duration for which the pension is to be received.

Question: What is the 10 lakh pension plan?

Answer. There isn't a specific "10 lakh pension plan." It generally refers to plans where the corpus of Rs 10 lakh can generate a certain amount of monthly pension.

Question: Can I get double pension?

Answer. Receiving a double pension would depend on the rules of the pension scheme you are enrolled in and the contributions made.

Question: How to earn 5 lakhs per month?

Answer. Earning Rs 5 lakhs per month requires a high-income profession or a successful business. Investments and passive income streams can also contribute.

Question: How to invest 40 lakhs?

Answer. You can invest Rs 40 lakhs in various financial instruments like stocks, mutual funds, real estate, etc., based on your risk tolerance and investment goals.

Question: What is the monthly 10000 pension scheme?

Answer. There isn't a specific "monthly 10000 pension scheme." It generally refers to pension schemes where the goal is to generate a monthly pension of Rs 10,000.

Question: Who is not eligible for Atal pension?

Answer. Individuals who are income taxpayers and those who are outside the age group of 18 to 40 years are not eligible for Atal Pension Yojana.

Question: What is the minimum period for Atal Pension Yojana?

Answer. The minimum period for Atal Pension Yojana is 20 years.

Question: What is the minimum deposit in APY?

Answer. The minimum deposit in APY depends on the age of entry and the pension amount chosen. It can be as low as Rs 42 per month for the lowest pension amount.

Question: Can I open both APY and NPS?

Answer. Yes, you can open both APY and NPS accounts.

Question: Which NPS fund has highest return?

Answer. The returns on NPS funds vary and depend on the performance of the fund managers and market conditions.

Question: Which bank has the best NPS?

Answer. Different banks have different NPS plans, and the best one depends on your investment goals, risk appetite, and other factors.

Question: What is a good NPS score?

Answer. A good NPS score is generally considered to be above 50.

Question: What is the NPS score?

Answer. NPS (Net Promoter Score) is a customer loyalty metric that measures the likelihood of customers recommending a company's products or services to others.

Question: What is the average NPS score?

Answer. The average NPS score varies across industries. Generally, a score above 0 is considered good, a score above 50 is excellent, and a score above 70 is world-class.

Question: Can I invest 100% of NPS for annuity?

Answer. No, you cannot invest 100% of NPS for annuity. You can invest a maximum of 60% for annuity, while the remaining 40% can be withdrawn as a lump sum.

Question: Which one is best to invest in NPS?

Answer. The best investment option in NPS depends on your risk tolerance, investment goals, and the performance of the fund managers.

Question: How do I invest in NPS to get maximum returns?

Answer. To get maximum returns, you should choose a mix of equity and debt investments based on your risk tolerance and investment goals.

Question: Which bank is good for NPS Quora?

Answer. The choice of bank for NPS depends on factors like customer service, ease of access, and the performance of their fund managers. But we would like to mention these 5 banks:

1.       State Bank of India (SBI)

2.       HDFC Bank

3.       ICICI Bank

4.       Axis Bank

5.       Punjab National Bank (PNB)

 

Question: What is the full form of NPS in insurance?

Answer. NPS stands for National Pension System in the context of insurance and pension plans.

Question: What does NPS stand for?

Answer. NPS stands for National Pension System.