Atal Pension Scheme (APY) Objectives, Eligibility & Benefits, Atal Pension Scheme (APY) was launched by the Narendra Modi government in 2015. The pension scheme is mainly focused on the unorganized sector and investors can get good money by investing a small amount. One has to start investing in a pension scheme between the ages of 18 and 40 to get at least a monthly return. Thereafter, he will receive monthly pension from Rs 1000 to Rs 5,000 per month.
The APY form is available online at all banks’ websites. Customers will have to download the form online to avail the scheme. After submitting the required information, the form has to be submitted to the nearest bank. The necessary papers will also be attached in the form.
You can exit APY after the age of 60. The total amount of pension will be paid to the individual with 100% annuity. If the subscriber dies for any reason, the pension amount will be paid to his or her spouse and if both die, the pension corpus will refund the amount to his nominee. Can’t get out of the plan 60 years ago. However, some situations, such as the death of a beneficiary or a serious illness, can be avoided.
APY applies to all citizens of India between 18-40 years. That is, anyone can take advantage of it. The base will be the primary KYC. Customers are asked to obtain a support and a mobile number to facilitate the management of the scheme.
How To Download APY Account Statement
- Steps To Be Followed For Downloading The Apy Account Statement –
Click On Home & Select “Atal Pension Yojana (Apy)”
- Select “Apy E-pran/Transaction Statement View”
- Enter Name + Bank A/C No. + Dob & Print Or Enter Pran* + Bank A/C Number & Print