Page 3 - Atal Pension Yojana

What makes the NPS so crucial to retirement planning in an ageing India

India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead

NPS subscribers can make partial withdrawal to cover coronavirus expenses

PFRDA declared Covid-19 as a critical illness which is life threatening in nature

Windfall gain for the poor?

Workers joining the Pradhan Mantri Shram Yogi Mandhan Scheme for the informal sector will get a better return on their savings if they enrol later in their careers

PFRDA wants UIDAI to treat Atal Pension at par with govt benefit schemes

All those schemes of government benefits are exempted from the order on Aadhaar by the Supreme Court

UP tops Atal Pension Yojana with 1.2 mn, or 14% of all-India enrolments

APY corpus estimated at touch Rs 34 billion by end FY18

APY subscribers cross 69 lakh with contribution of Rs 2,690 cr

While the government has a pension scheme for the BPL persons but the amount is meagre and is not sufficient for old age needs

Govt rolls out Aadhaar-enabled digital enrollment for Atal Pension Yojana

APY was available for subscription through banks, banking correspondents and through internet banking.

Atal Pension Yojana finds 62 lakh takers in 2 years

SBI has 51,000 APY accounts and other prominent banks like Canara Bank has 32,306 APY

Atal Pension Yojana members can access info online

APY scheme is being implemented through 235 service providers consisting of banks