APY or Atal Pension Yojana is a pension scheme mainly focused on unorganised sector employees. Available to all Indian citizens with a bank account, Atal Pension Scheme or APY is a government-run scheme that can be utilized to earn a fixed monthly pension of Rs 1,000-Rs 5,000, according to pension regulator PFRDA's website - pfrda.org.in. Atal Pension Yojana's subscriber base stood at 97.05 lakh at the end of fiscal year 2017-18, news agency Press Trust of India reported earlier this month. At over 97 lakh, the APY subscriber base was a tad lower than the target of 1 crore set by the regulator for the year.
Here are 10 things to know about Atal Pension Yojana (APY):
Who can invest?Also readHow To Invest In Atal Pension Scheme (APY) To Earn Pension of Rs 5,000 Per MonthContributionAlso readLatest bank FD interest ratesMode of contributionPension amountAlso readWhy you must deposit money in PPF account by 5th of every monthIncome tax benefitPremature exitWhy invest in APY or Atal Pension SchemeDeathRead more
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