Quick Answer: What Is Atal Pension Yojana Scheme?

Who are eligible for Atal Pension Yojana?

The Atal Pension Yojana can be availed by all Indian citizens aged between 18 to 40 years.

To have an APY account a person must have a saving account either with a bank or with post office of India.

Any APY subscriber, who is 18-year-old, needs to contribute Rs 42 to Rs 210 per month..

Is Atal Pension Yojana good investment?

Atal Pension Yojana Overview This co-contribution by the Government will hold good for a maximum of 5 years. You can get a fixed pension ranging from Rs. 1000 to a maximum of Rs. 5000/month by investing through this scheme.

How do I use APY scheme?

You need to go to your bank and fill out the forms. Q: What are the documents required to apply for the APY Scheme? A: To apply for the APY scheme, you need to fill out the form and submit a photocopy of your Aadhar Card. No other documents are required.

Which bank provides Atal pension?

Kotak Mahindra Bank Ltd.Kotak Mahindra Bank Ltd. is registered with PFRDA to provide Atal Pension Yojana.

Who is not eligible for APY?

5. Who are the other social security schemes beneficiaries not eligible to receive Government co-contribution under APY? The beneficiaries, who are covered under statutory social security schemes, are not eligible to receive Government co-contribution under APY.

How do I check my APY balance?

On the websiteVisit https://www.npscra.nsdl.co.in/scheme-details.php.Click on APY e-PRAN/Transaction Statement View. … Choose ‘With PRAN’ or ‘Without PRAN’.If you have chosen the ‘With PRAN’ option, you will be required to enter your PRAN and bank account number. … Choose: APY e-PRAN View or Statement of Transaction View.More items…•