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Thursday, 25 June 2015

Atal Pension Yojana (APY)


Atal Pension Yojana (APY)






If you are between 18-40 years, you and your spouse can avail the benefit of a minimum guaranteed pension at the age of 60 years by joining Atal Pension Yojana (APY) which is implemented through all banks in the country.
Benefits under APY:
  1. Choice of guaranteed minimum pension between Rs.1000-5000 for the subscriber after the age of 60 years.
  2. ​ Govt. of India co-contributes* 50% of the total contribution or Rs. 1000 per annum, whichever is lower for 5 years who joins the scheme before 31st Dec, 2015.
  3. Spouse gets the minimum guaranteed pension of Rs 1000-5000 after death of subscriber.
  4. The nominee is paid with the indicative pension corpus of Rs 1.7 to 8.5 lakh after death of both subscriber and spouse
​The complete scheme details enclosed at the attachment. 
To subscribe, please contact your Bank branch immediately. For further details, call 1800-110-069. 
* Government co-contribution is available for those who are not covered under any Statutory Social Security Schemes and for non-income tax payee.

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