Atal Pension Yojana: Over 40 lakh new subscribers so far this fiscal

By: |
November 25, 2020 2:30 AM

More than 40 lakh new subscribers have been enrolled under Atal Pension Yojana (APY) till November 13 in the current fiscal, the Pension Fund Regulatory and Development Authority (PFRDA) said in a statement on Tuesday.

Central Government pensioners, timeline, extension, Life Certificate, submit, Due Date Extension, pension,It has been decided to further extend the existing timeline for submission of Life Certificate.

More than 40 lakh new subscribers have been enrolled under Atal Pension Yojana (APY) till November 13 in the current fiscal, the Pension Fund Regulatory and Development Authority (PFRDA) said in a statement on Tuesday.

“The total number of enrolments (under APY) have crossed 2.63 crore,” it said. At the end of 2019-20, APY had 2.11 crore subscribers.

APY is a guaranteed pension scheme of the government which offers triple benefits to the subscriber on attaining 60 years of age.

Under the scheme, a subscriber is entitled to a minimum guaranteed pension, same guaranteed pension to the spouse after the demise of subscriber and return of the accumulated pension wealth, as accumulated till age 60 of the subscriber, to the nominee.

During the current fiscal so far, State Bank of India has sourced more than 10 lakh new APY accounts while Canara Bank, Indian Bank, Central Bank of India, Bank of India, Bank of Baroda, Airtel Payments Bank, Punjab National Bank, Axis Bank and Indian Overseas Bank have sourced more than one lakh APY accounts.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1ESIC scheme adds 9.33 lakh new members in November
2Do you need travel insurance while travelling during this pandemic?
3Budget 2021 Expectations: Growth-oriented Budget with a focus on innovation to shape real estate