Quick Summary
More than 28 lakh subscribers enrolled in first five months of current FY 2021-22 Under the Atal Pension Yojana (APY), a guaranteed pension scheme of Government of India and administered by PFRDA, more than 28 lakh new APY accounts have been opened during current FY 2021-22. Overall, enrolments under APY has crossed 3.30 crore as on 25thAugust 2021. The year on year Bank Category wise number of APY enrolments is as follows Category of Banks As on (Ma
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
As of August 25, 2021, over 3.30 crore people have enrolled in the Atal Pension Yojana.
In the first five months of the current financial year (2021-22), more than 28 lakh new Atal Pension Yojana accounts were opened.
Nearly 78% of subscribers have opted for the Rs 1,000 pension plan, while around 14% chose the Rs 5,000 pension plan.
Subscribers can join the APY between the ages of 18 and 40 years. Around 44% of current subscribers are young, aged 18-25.
The APY provides a guaranteed monthly pension of Rs 1,000 to Rs 5,000 from the age of 60. The pension is also paid to the spouse, and the accumulated wealth is returned to the nominee upon the demise of both.
Individuals can join the APY through bank or post office branches where they have a savings bank account.
CAclubindia
