Atal Pension Yojana – Government Guaranteed Pension Scheme for the Unorganised Sector

by Shiv Kukreja on March 13, 2015

in Retirement Planning

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at skukreja@investitude.co.in

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

88% of India’s total labour force of 47.29 crore belongs to the unorganised sector, in which the workers do not have any formal provision of getting a regular pension payment on retirement. Moreover, due to increasing labour wages and better medical facilities, these people also face a risk of increasing longevity. So, this work force would require some kind of assured income guarantee to sustain itself in the coming years.

Launching Atal Pension Yojana (APY) from June 1, 2015

To encourage workers in the unorganised sector to voluntarily save for their retirement, the government of India will be launching a new scheme, called Atal Pension Yojana (APY), from 1st June, 2015. Finance Minister Arun Jaitley announced this scheme in his budget speech on February 28th.

This scheme will replace the UPA government’s Swavalamban Yojana – NPS Lite and will be administered by the Pension Fund Regulatory and Development Authority (PFRDA). The benefits of this scheme in terms of fixed pension will be guaranteed by the government and the government will also make contribution to these accounts on behalf of its subscribers.

Under this scheme, a subscriber would receive a minimum fixed pension of Rs. 1,000 per month and in multiples of Rs. 1,000 per month thereafter, up to a maximum of Rs. 5,000 per month, depending on the subscriber’s contribution, which itself would vary on the age of joining this scheme.

The minimum age of joining this scheme is 18 years and maximum age is 40 years. Pension payment will start at the age of 60 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.

The Central Government would also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from 2015-16 to 2019-20, who join the NPS before 31st December, 2015 and who are not income tax payers. The existing subscribers of Swavalamban Scheme would be automatically migrated to APY, unless they opt out.

Who is eligible for Atal Pension Yojana?

Any Citizen of India, aged between 18 years and 40 years, who has his/her savings bank account opened and also possesses a mobile number, would be eligible to subscribe to this scheme.

Government Funding – Indian Government would provide (i) fixed pension guarantee for the subscribers; (ii) would co-contribute 50% of the subscriber contribution or Rs. 1,000 per annum, whichever is lower, to eligible subscribers; and (iii) would also reimburse the promotional and development activities including incentive to the contribution collection agencies to encourage people to join the APY.

Who is eligible for Government Co-Contribution in Atal Pension Yojana?

Subscribers of this scheme, who are not covered under any other statutory social security scheme and are not income tax payers, would be eligible for the government’s co-contribution of up to Rs. 1,000 per annum.

Social Security Schemes which are not eligible for Government Co-Contribution

  • Employees’ Provident Fund (EPF) & Miscellaneous Provision Act, 1952
  • The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948
  • Assam Tea PlantationProvident Fund and Miscellaneous Provision, 1955
  • Seamens’ Provident Fund Act, 1966
  • Jammu Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961
  • Any other statutory social security scheme

Minimum/Maximum Pension Payable – This scheme will pay a minimum pension of Rs. 1,000 per month and a maximum pension of Rs. 5,000 per month, depending on the subscriber’s own contribution per month.

Minimum/Maximum Period of Contribution – As the minimum age of joining APY is 18 years and maximum age is 40 years, minimum period of contribution by the subscriber under this scheme would be 20 years and maximum period of contribution would be 42 years.

Atal Pension Yojana – Contribution Period, Contribution Levels, Fixed Monthly Pension and Return of Corpus to the Nominees of Subscribers

Picture 3

Internal Rate of Return (IRR) – Thanks to the government funding of Rs. 1,000 per annum per subscriber account for 5 years, your account would generate an IRR of approximately 0.66% per month or 8% per annum. This pension amount per month is fixed and the government has made it clear that if the actual returns on the pension contributions are higher than the assumed returns, such excess return will be credited to the subscribers’ accounts, resulting in enhanced pension payment to the subscribers.

Minimum Contribution – A subscriber aged 18 years will have to contribute a minimum of Rs. 42 per month in order to get Rs. 1,000 pension per month starting 60 years of age. For a 40 years old subscriber, his/her minimum contribution would be Rs. 291 per month. The contribution levels would vary and would be low if subscriber joins early and increase if he joins late.

Maximum Contribution – A subscriber aged 40 years will have to contribute Rs. 1,454 per month in order to get Rs. 5,000 pension per month starting 60 years of age. For a 18 years old subscriber, his/her contribution for Rs. 5,000 monthly pension would be Rs. 210 per month.

Can I increase or decrease my monthly contribution for higher or lower pension amount?

The subscribers can opt to decrease or increase pension amount during the course of accumulation phase, as per the available monthly pension amounts. However, the switching option shall be provided only once in a year during the month of April.

What will happen if sufficient amount is not maintained in the savings bank account for contribution on the due date?

Non-maintenance of required balance in the savings bank account for contribution on the specified date will be considered as default. Banks are required to collect additional amount for delayed payments, such amount will vary from minimum Re. 1 to Rs. 10 per month as shown below:

(i) Re. 1 per month for contribution upto Rs. 100 per month

(ii) Rs. 2 per month for contribution upto Rs. 101 to 500 per month

(iii) Rs. 5 per month for contribution between Rs. 501 to 1,000 per month

(iv) Rs. 10 per month for contribution beyond Rs. 1,001 per month.

Discontinuation of payments of contribution amount shall lead to following:

After 6 months account will be frozen.

After 12 months account will be deactivated.

After 24 months account will be closed.

Subscriber should ensure that the Bank account to be funded enough for auto debit of contribution amount. The fixed amount of interest/penalty will remain as part of the pension corpus of the subscriber.

Post-Retirement Rate of Return – Considering a retirement corpus of Rs. 1.7 lakh and monthly pension of Rs. 1,000, this scheme is going to generate a return of 0.59% per month or 7.1% per annum for its subscribers. I think this return is also on a lower side.

Nomination Facility – This scheme will also provide the nomination facility to its subscribers. In case of the subscriber’s death after attaining 60 years of age, the whole corpus generating the pension income to the subscriber would be returned back to the nominee of the subscriber. In case of untimely death of the subscriber before 60 years of age, the balance would be returned back to the nominee of the subscriber.

Where to open APY Accounts – You need to approach points of presence (PoPs) and aggregators under existing Swavalamban Scheme. These agencies would enrol you through architecture of National Pension System (NPS).

Points of Presence & Aggregators

Application Form – Here you have the links to the application form for subscribing to Atal Pension Yojana – Application Form in EnglishApplication Form in Hindi

I think a subscriber should opt for a minimum monthly contribution of around Rs. 167 or so, which would make it approximately Rs. 2,000 annual contribution. 50% of Rs. 2,000 i.e. Rs. 1,000 would be contributed by the government as well. So, the subscriber will get the maximum benefit of government funding.

As mentioned above, the scheme would start from June 1, 2015. So, interested people will have to wait till then to open an account. If you have any other query regarding this scheme, please share it here.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Application Form in English

Application Form in Hindi

{ 925 comments… read them below or add one }

Santanu March 13, 2015 at 10:26 AM

I think earlier launched Swabalamban Yojana is also going to merge with this Atal Pension scheme. This is really good to see that Govt. is really working hard to promoting pension schemes.

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Shiv Kukreja March 13, 2015 at 11:16 AM

Yes, it is mentioned in the article above – “The existing subscribers of Swavalamban Scheme would be automatically migrated to APY, unless they opt out”.

Yes, the intent of the government is clear, execution/efficient implementation holds the key. That is one thing where we need ministers like Mr. Suresh Prabhu or DMRC’s Mr. Sreedharan.

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B.N.PARAMASHIVAIAH March 15, 2015 at 12:32 PM

IT will be a great favour for working class of unorganised sector,pl let me know weather can we participate in bringing those people under this scheme and what is the procedure and our role and our remuneration for our services rendered

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Shiv Kukreja March 16, 2015 at 1:52 AM

All these details will be announced by the government in due course, I think around the launch of this scheme.

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deepak March 15, 2015 at 4:13 PM

If a person enters on atal pension yojna in earlier age and afterwards he gets any job and becomes an income tax payer, what will be the fate of this scheme

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Shiv Kukreja March 16, 2015 at 1:54 AM

This is a good question. As of now, I have no idea about it, I’ll let you know as & when I get any info.

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Sabyasachi Maulik June 17, 2015 at 9:54 AM

I am a student. My father wants me to open an APY A/c. with Sbi. Now the question is if I get a job on completion of education and become a tax payer and enjoying other pensionary benefits shall I be eligible for all the benefits of the scheme. Please let me know

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Prashantgupta March 16, 2015 at 8:24 AM

Detel

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Ravi sattigeri March 16, 2015 at 8:34 AM

Pls info to people how can opening the account in Post Office Or Bank… and who was eligeble to this scheme

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Shiv Kukreja March 16, 2015 at 1:14 PM

This scheme will be launched on June 1, 2015. I am not sure whether you are getting confused between this scheme and Sukanya Samriddhi Yojana.

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vikas rajput March 16, 2015 at 12:09 PM

I want know more about this scheme. Can apply my wife this scheme? She is a home maker.

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Shiv Kukreja March 16, 2015 at 1:15 PM

I am not sure about it, but I don’t think a home maker would be eligible for this scheme.

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Ramprasad March 23, 2015 at 9:29 AM

Yes. She can join provided she is not having account in any other government social security schemes like Provident fund etc.,

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Anil Kumar Gupta March 16, 2015 at 12:57 PM

Today, on 16 March,2015. my age is above 45 yes than I can’ t apply to APY. What is the option for me ?

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Shiv Kukreja March 16, 2015 at 1:17 PM

I think PPF is one of the best option for you. After 15 years, as you complete 60 years, you’ll get tax-free maturity amount.

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Ramprasad March 23, 2015 at 9:41 AM

Only option is, she has to enroll herself right away in Swavalamban scheme before the launch of APY. All swavalamban accounts will get migrated to APY automatically after 1st Jun 15.

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Dr.RajKumarsahu April 10, 2015 at 6:13 PM

paharo par patthar thorane wale mazadooro ke liye free vima hai kaya

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Purushothama March 16, 2015 at 5:11 PM

My mother age is 45 years. can she open this APY account ?

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Shiv Kukreja March 16, 2015 at 5:34 PM

No, she is not eligible to get benefits under this scheme.

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Purushothama March 16, 2015 at 7:06 PM

What about if her age is 40 ?

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Ramprasad March 23, 2015 at 9:39 AM

She has to enroll herself right away in Swavalamban scheme before the launch of APY. All swavalamban accounts will get migrated to APY automatically after 1st Jun 15.

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nitesh patel March 16, 2015 at 9:12 PM

weather tds is aplicable in a post office rd account

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Shiv Kukreja March 18, 2015 at 4:13 PM

Till date, no TDS is applicable on a Post Office RD account.

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RABINDRA KUMAR March 16, 2015 at 10:16 PM

I am not sure about it, but I don’t think a home maker would be eligible for this scheme. & How apply APY?

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Shiv Kukreja March 18, 2015 at 4:14 PM

Atla Pension Yojana would be operational on June 1, 2015. Around that date, you’ll get to know how to apply for this scheme.

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Ramprasad March 23, 2015 at 9:33 AM

yes she can provided she is not a account holder of any government social security schemes like Provident fund etc.,

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santosh more March 17, 2015 at 12:42 PM

mala agent hone ahye .tare mala information daywa.kolhapur.

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navdeep singh March 17, 2015 at 1:10 PM

plz told where i open apy account with detail

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Shiv Kukreja March 18, 2015 at 4:15 PM

As mentioned above in the post, the scheme would start from June 1, 2015.

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sanjay patel March 17, 2015 at 4:37 PM

ecs hona chaiye a/c kha par kholna he

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Shiv Kukreja March 18, 2015 at 4:16 PM

Account June 1, 2015 se khulenge.

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khushal sharma March 17, 2015 at 4:53 PM

how open APY account address and detail in indore

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Shiv Kukreja March 18, 2015 at 4:18 PM

You can open the account from June 1, 2015.

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ravirajpoot March 17, 2015 at 5:52 PM

Full detail this yojana

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Shiv Kukreja March 18, 2015 at 4:19 PM

Complete details are there in the post above.

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sandip pal March 18, 2015 at 4:04 PM

How can I join Atal pension yojona

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Shiv Kukreja March 18, 2015 at 4:20 PM

You can open an account from June 1, 2015 by visiting points of presence (PoPs) and aggregators under existing Swavalamban Scheme.

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Geeta March 19, 2015 at 11:38 AM

my husband is now 22 years if he contribute 1000 p.m then on which date and what amount we will get?? and on which conditions ??

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Shiv Kukreja March 19, 2015 at 9:16 PM

Your husband cannot contribute more than Rs. 248 approximately in order to get Rs. 5,000 as he retires at the age of 60 years.

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Ramprasad March 22, 2015 at 11:45 AM

Those who are above 40 years of age and want to join APY can join Swavalamban Yojana immediately before the launch of APY. Their accounts will automatically get merged with APY after 1st June 15.

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Ramprasad March 23, 2015 at 9:35 AM

yes she can provided she is not a account holder of any government social security schemes like Provident fund etc.,

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gyanendra March 23, 2015 at 10:48 AM

ye sab pagal banaya ja raha hai isase to post office mai rd kar do aur rd mature ho jaye to post office mai rd kar do har mahine vyaj wali isase jaldi pension bhi le lo aur vyaj bhi jyada hogi. pension bhi jyada milegi.

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Alpesh March 23, 2015 at 7:41 PM

Dear Sir ,
Mene NPS me account Khulvaya he. or me har saal 1000 rs. contribution kar raha hu, sir muje kab tak Government Contribution milega, 2017 tak ya 2020 tak??.

or muje andajit kitani Pension Milengi Retirement ke bad?

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Ramprasad March 24, 2015 at 7:02 AM

NPS is not a pre-defined pension scheme. If you are in Swavalamban scheme then you will be migrated to APY and you will have to pay contribution as per new rules applicable to APY and accordingly your pension after 60 will be determined. Govt. contribution for Swavalamban is upto 2017 but we have to wait and see what govt. Stand will be on accounts migrated to APY.

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monu March 28, 2015 at 11:05 PM

Sir sawalambhan mein Jo plan hai vo bhi change ho jayega kya .kuki ushme pension limit 16000 hai

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Shiv Kukreja March 28, 2015 at 11:36 PM

Swavalamban Yojana ke existing subscribers ko Atal Pension Yojana mein migrate karne ka provision hai, unless wo migrate na hone chahein.

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Ramprasad March 29, 2015 at 12:51 PM

Interesting part of this migration of Swavalamban accounts to APY is how Swavalamban account holders who are above 40 years of age will be accommodated in APY and on what terms is a big question mark ? as they will have less than 20 years of contribution period to retirement age of 60 years.

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SURAJIT BANIK March 29, 2015 at 10:30 AM

I am 24 years. I want to enter in this scheme but have a query if i can’t continue till 60 years,what will be?

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Ramprasad March 29, 2015 at 12:48 PM

Account will be frozen unless revived. Every year charges will be deducted from the balance available till it becomes 0. Even then if any amount remains in the account on attaining 60 years then that will be returned or annuitized to provide pension.

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Ramprasad March 29, 2015 at 12:42 PM

Interesting part of this migration of Swavalamban accounts to APY is how Swavalamban account holders who are above 40 years of age will be accommodated in APY and on what terms is a big question mark ? as they will have less than 20 years of contribution period to retirement age of 60 years.

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Rizwan April 2, 2015 at 1:22 AM

1 . Corpus at the age of 60 year payable to the nominee of the subscriber

Here i have some question
1 . curpus subscriber ke death pe hi milega ya ager wo alive hai 60 pe to milega ya nahi
2 . suppose subscriber death is on 55 corpus nominee to turant milega ya after 5 year

2 . private company me job krne wale iska account open krwa sakte hai ya nahi although unka TDS etc deduct hota hai

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Shiv Kukreja April 9, 2015 at 9:11 PM

Rizwanji, ye scheme unorganised sector mein kaam karne waalon ke liye hai.
1. 21 saal baad jo corpus hoga, usi se hi to pension generate hogi. Corpus subscriber ki death pe uske nominee ko milega.
2. Subscriber ki death pe paisa mil jaayega, nominee ko 5 saal wait nahin karni padegi.

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SURAJIT BANIK April 2, 2015 at 11:32 AM

In The Atal Pension Yojana after 60 years getting 1 year pension if I died then what will be? will I get total amount back?

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Ramprasad S April 2, 2015 at 12:42 PM

You will not get anything because money/wealth of this physical world after your death may not be valid in eternal world (Heaven or Hell wherever you go). But, your nominee will get the complete 100% annuitized amount.

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SURAJIT BANIK April 2, 2015 at 6:07 PM

My question was In The Atal Pension Yojana after attaining 60 years of age getting 1 year or less than 1 year pension if I died then what will be? will my nominee get total amount back?

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Ramprasad April 2, 2015 at 7:13 PM

Yes. Your nominee will get the corpus. You can refer to the table published for APY scheme. As APY is pre-defined pension scheme, while joining APY itself you can decide how much pension you want at 60 years (between Rs.1K to 5K). Depending upon your age at entry, how much pension you want, your contribution amount varies, you have to make pre-defined contribution till 60 years of age. Even the corpus which accumulate in your pension account is pre-determined. So, your nominee will get the pre-defined corpus amount on your death.

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SURAJIT BANIK April 2, 2015 at 9:48 PM

Where can I apply for APY scheme? Is it started now?

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Ramprasad April 2, 2015 at 9:56 PM

APY scheme will commence from 1st June 15. You can approach aggregator or POP-SP who are facilitating opening of NPS accounts after 01.06.15 to open APY account.

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sachin.h April 2, 2015 at 10:52 PM

NPS account is monthly starting 100 rs but APY is .monthly 1000 rs how to possible poor people .

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Shiv Kukreja April 9, 2015 at 9:01 PM

APY mein minimum monthly contribution is Rs. 42 and not Rs. 1,000.

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SURAJIT BANIK April 3, 2015 at 9:48 AM

what is difference between NPS and APY ? What monthly contribution for NPS ?

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Ramprasad April 3, 2015 at 12:38 PM

Please in through the scheme details of both NPS and APY, you will come to know the difference.

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Murugaiyan April 5, 2015 at 12:24 PM

I am Pondicherry. How i will be agent to APY and NPS. Before launch APY can i get PRAN card?

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Anurag April 5, 2015 at 10:49 PM

i have a NPS a/c holder
pls. convert APY.

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Sivaramakrishnan April 6, 2015 at 11:42 AM

Hi, I was working in corporate and quit when i was 32 (2008) to pursue spiritual interest… at the time of working i had opened PF account which is still active. Post quitting my income is way below the IT slab. My question is whether i am eligible for AYP?

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Ramprasad S April 6, 2015 at 12:46 PM

If you are still a member of EPS (i.e., holding pension scheme certificate under form 10C) of EPFO to avail pension after attainment of 50 years or 58 years then you are not eligible for APY. If not then you are eligible.

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Sivaramakrishnan April 6, 2015 at 3:35 PM

Thank you…

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Sivaramakrishnan April 6, 2015 at 11:44 AM

& for how many years pension will be paid? that is from age 60 till what age will AYP subscriber get pension?

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Ramprasad S April 6, 2015 at 12:49 PM

Under APY scheme, after attainment of 60 years pension will be paid till death of the subscriber. After which, the entire corpus will be paid/returned to the surviving nominee.

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Sivaramakrishnan April 6, 2015 at 3:34 PM

Thank you…

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SURAJIT BANIK April 6, 2015 at 10:22 PM

Can I change name of nominee after oppening a APY account?

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Shiv Kukreja April 9, 2015 at 8:55 PM

Yes, you can change your nominee after account opening.

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praveen April 7, 2015 at 12:41 PM

sir meri mom ko abi 48 age hai agar mai mom ke swavalamban a/c open karta Hu abi kya vo a/c attal scheme me migration hota hai kya
Kyu ki swavalamban be max age hai 55 our attal scheme mai 40

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Ramprasad S April 7, 2015 at 3:55 PM

Yes. It should migrate and merge with APY as per availabe publications on the scheme details of APY. In Swavalamban scheme entry age is between 18 to 60 and not 18 to 55.

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Naveen Chandra April 7, 2015 at 9:27 PM

Hi Sir, thats a very informative article.thanks for easy explanation. I have a small doubt.. I see APY giving fixed pension but compared to swavalamban, returns are very less. So can we open New swavalamban account after June 1st, 2015??.

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Ramprasad April 8, 2015 at 6:11 AM

No. Swavalamban scheme ceases to exist post 1st Jun ’15.

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Naveen Chandra April 8, 2015 at 12:55 PM

Sir, in your personal opinion, which scheme gives more benefits to common man (swavalamban or APY??) and also they didn’t mention earlier about removal of swavalamban until budget speech in 2015? wouldn’t they have to give more time to enroll peoples above 40 years and other subscribers in last days ……

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Ramprasad April 8, 2015 at 1:55 PM

Swavalamban is a market dependent scheme. Returns may be higher or lower but not assured. In APY, though the returns are lower, it is assured and pre-defined. Which one to consider better is all dependent on ones perception and risk appetite. With respect to giving more time to 40+ to enroll is a government’s decision which one can’t question and there might be some solid reason or logic behind government decision.

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AKSHOY MANDAL April 8, 2015 at 12:56 PM

KAB TAK MARKET ME ATAL PENSION YOJANA IYEGI

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Shiv Kukreja April 9, 2015 at 8:51 PM

Ye yojana 1st June, 2015 ko launch hogi.

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SUDIPTA KUNDU April 10, 2015 at 12:24 PM

Where I open APY ?
Any Bank or Post office?

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Satish April 10, 2015 at 12:32 PM

I am enrolled in NPS Lite. Here I have the freedom to deposit lumpsum or at any time as per my convenience. But from the chart of APY, I figure that it can possibly be Monthly deposits /fixed contribution. Also, I am assuming that Swawalambhan is more market oriented than APY. So, my question is that can I still voluntarily choose NPS Lite after APY comes into force, or will it become mandatory to either choose or Leave. I opened NPS Lite in December, 2015, and should be getting Govt. contributiton for three years. Is it possible that the govt. contribution will be also ceased, if I do not change to APY.
I know its too early to ask till we get full Plan of APY, but all the subscribesrs must be having this query.
Also, Can I apply for Online Facility for Swawalambhan Scheme, and do I have the right to change my PFM and my share in E,C, G Pattern as in NPS Regular or am I subjected to Govt. Plans.
I am 30 Years and I want that I continue 50 % in Equity for 10-15 years, or As and when I feel.

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Ramprasad S April 10, 2015 at 12:49 PM

It is too early to assess the probabilities of APY unless complete details are spilled out by government. All NPS Lite swavalamban account holders have to wait fingers crossed till government comes out with details on terms and conditions with which it will migrate Swavalamban accounts to APY.NPS Lite module is purely/entirely off-line for subscribers as of now and you can neither login to your PRA to find SOT (statement of transaction) nor make any online contribution to account. You are entirely dependent on your aggregator (NL-CC,NL-AO & NL-OO) and you have to approach your aggregator for each and every information you seek on your account. With respect to PFM and choice of investment, it is all pre-determined by your aggregator while they were becoming aggregators to the NPS Lite module and you will not have any individual option to make choice like in normal NPS account.

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SATISH April 11, 2015 at 8:16 PM

SIR,
Today Morning, I had visited my Branch to Deposit for NPS Lite and to get my Statement, but the Bank Manager told that they cannot give the statement.It will be mailed to address by July-August. Or I can ask for a statement through registered mail or phone.
Can you please shed some light on what procedure to follow and how to check whether the amount deposited has been collected and track the performance for the Scheme.

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Ramprasad S April 11, 2015 at 9:29 PM

PFRDA has issued a circular in the month of February to all aggregator wherein it has granted NL-CC access to CRA system. All NL-CCs are required to acquire their access to CRA system through their NL-AO or NL-OO. Once they get access, they can login to CRA system and generate SOT (i.e., statement of Transaction) to subscribers upon request. Most probably your aggregator NL-CC office (Branch where you opened your a/c) may not be aware of this. Please take a print-out of the circular either from PFRDA or NSDL website, show it to them and make a demand for the statement. They are obligated to honour your request.

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yasin khan April 11, 2015 at 12:10 PM

hello sir

this is yasin khan now I have pop branch of nps by abhipra capital dehli
pleaes tell me that all pran card will be murged on APY or not. is it compulsory ?
and which is beneficial to people NPS Or APY ?

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Ramprasad S April 11, 2015 at 9:38 PM

Yasin, not all PRAN cards will be merged to APY. Only PRANs pertaining to NPS Lite Swavalamban will be migrated and merged with APY unless subscriber doesn’t opt out. NPS regular (i.e., NPS all citizen module, NPS of govt. employees) will all remain intact without any change or migration or merger. Migration and merger applies only to NPS Lite Swavalamban accounts.

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Raj saini April 11, 2015 at 10:35 PM

Sir Abi NPS swavlamban chail rahi h.
Ab naye atal ka form bharege kya wo aggregater se hi milega kya .or NPS ka 1000 to bank wale to jama hi nahi karte asi yojna ka fayda sir

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Raj saini April 11, 2015 at 10:41 PM

NPS swavlamban band ho jayegi kya

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SUDIPTA KUNDU April 11, 2015 at 11:23 PM

I am pran card holder in private sector with swavalamban active position. And my age is 41 year old .if that marged that with APY and how?

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KHUSHAL SINGH RAJPUT April 12, 2015 at 4:05 PM

SIR , MERY DATE OF BIRTH 01-07-1975 HAI. AUR MUJE AFTER 60 YEAR 15000 RS. KI PENSION CHAHIYE… TOH PLZ BATAYE KI MUJE PER MONTH KITNA INVEST KARNA HOGA.

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raj saini April 13, 2015 at 2:08 PM

sir abi jo nps card aa rahe h. ab jo naye card aayege un card par atal pension ka naam aayega ya card hi nahi aayege

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jitendra patle April 14, 2015 at 6:56 AM

I am join new utal pension yojna

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Vikrant G. April 15, 2015 at 3:48 PM

Dear sir,
1) APY ke liye bhi PRAN card banana hoga kya?
2) Agar swavalamban yojna ke logoko APY me convert kiya gaya to unko APY ke antargat penssion kam milegi, kyuki swavalamban me 1000/- to 12000/- per year bharneki suvidha thi aur 1000/- anudan per yr 2017 milne wala tha. fir APY me to aisa nahi hoga.
fir ye to sarasar DHOKHA hua logoke ke sath.
kal chalke APY me bhi aap badal karenge aur kuch naya layenge.
Aisa hote raha to Govt. ki Yojna pe bharosa kis buniyad par karenge log?
3) APY me jo paisa bharna hai wo koi bhi bank deposit legi kya, ya uske liye bhi logoko bhatakna padega.
4) Aaj BJP ki sarkar hai isliye UPA ki swavalamban yojna ko APY me convert kiya ja raha hai, Agli bar Sarkar Badal Gayi to kya Firse APY badal ke koi aur penssion yojna banai jayegi kya?
Aisa Kabtak Khilwad kiya jayega logo ke sath.
Kuch To Ek Fix Karke Banao.
Confuse Nahi Confirm Yojna Banao taki logka bharosa tika rahe..

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Vinod Kr Sharma April 16, 2015 at 4:04 PM

pls let me know how can we become an agent in Post office to sell their accounts as well as Atal pension scheme………..

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UTTAM DATTA May 7, 2015 at 11:11 PM

pls let me know how can we become an agent in L.I.C.I to sell their accounts as well as Atal pension scheme………..

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ajitha April 16, 2015 at 11:41 PM

What if I become a tax assesse after joining the APY? Kindly clarify.

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Shiv Kukreja May 11, 2015 at 1:32 AM

Hi Ajitha,
Yours is a tricky query for me and I have no idea about it. I’ll try to figure it out.

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kapil verma April 18, 2015 at 7:47 PM

sir,
I request to pls new AOY maigratte the older swawlamban pension for NPS joined. all PRAN account attech the all saving bank account.all indias citizen benefits long time,& than not attech saving account big loss govt. & all indians citizen.
regard,
kapil

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kapil verma April 18, 2015 at 7:49 PM

APY ATEL PENSION YOJNA

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khusboo agarwal April 18, 2015 at 9:53 PM

Sir I want to know how I become an agent and take agency of apy

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Ram Narayan Rajput April 26, 2015 at 2:32 PM

provided agency apy
contact : 0120-6999093

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Yasin Khan May 5, 2015 at 12:27 PM

Dear all

Request for you all
please do’t give any amount to any agent for become an authorization, affiliation, or agent

you can apply to agreegator or Pop’s to become a agent ou affiliation
it’s has no fee.

Regards
Yasin khan
09179955550

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santosh singh April 19, 2015 at 10:52 AM

where this scheme can be opened in bank or post office please let me know i want to poened this scheme and and what are its procedure to get this scheme

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Ramprasad April 19, 2015 at 4:00 PM

You can open the account Preferably in Bank after 1st Jun 15. Application for APY is already published in PFRDA website under News & Events section on 10th April. You can download the application by visiting website http://pfrda.org.in, fill and keep it ready for submission on 1st Jun 2015.

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chiranjib kar April 20, 2015 at 9:16 AM

Pls let me know whether its possible to withdraw partially whenever the subscriber need as a loan…

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Shiv Kukreja May 11, 2015 at 1:03 AM

No Chiranjib, it is not allowed to withdraw any money before 60 years of age nor any loan is allowed to be taken. Money can only be withdrawn in exceptional circumstances i.e. in the event of the death of the subscriber or any terminal disease.

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AMAL KUMAR BISWAS April 21, 2015 at 9:54 PM

Sir
As per the Govt.decleration under caption”GOVERNMENT FUNDING IN iii). that will engage agency to promoted the scheme of APY for collecting the customer on incentive basis, I myself like engage for the said job and also interested for getting FRANCHAISEE .So let me know where and to whom I will apply to the govt. Body for the same and also like to know the financial involvement
Thanks
With regards

Amal Biswas

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ABHIJIT GUHA April 22, 2015 at 3:43 PM

where this scheme can be opened in bank or post office please let me know i want to poened this scheme and and what are its procedure to get this scheme

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Shiv Kukreja May 11, 2015 at 1:25 AM

Hi Abhijit,
You need to approach banks or other service providers which are registered as points of presence and aggregators for this scheme. Here is the list of all those PoPs and aggregators – https://npscra.nsdl.co.in/download/subscriber-corner/entities-in-NPS/POP-POP-SP/POP-SP%20–%20Details%20–%2017.03.2015.zip

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vinod subhash kothawade April 25, 2015 at 12:22 PM

atal pesion yojana

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vinod subhash kothawade April 25, 2015 at 12:24 PM

information atal pesion yojana

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SHAILESH BHIVGADEY April 26, 2015 at 12:44 PM

atal pension yojana imformation

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Ram kumar gupta April 28, 2015 at 9:09 PM

singrauli mp

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Anasuya April 29, 2015 at 10:03 AM

I very happy about Atal Pension Jojana . But age of 18 to 40 age people only eligible.I am intrest to join this yojana but my age is 48 . My request is please consider and help above 40 years people. Thanking you Sir / Madam

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Rukmini April 29, 2015 at 3:41 PM

Thank you for this pension yojana.

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SURAJIT BANIK May 1, 2015 at 2:41 PM

I am a private tutor , can I do APY scheme?

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yogesh gonekar May 4, 2015 at 5:31 PM

yes u join this apy

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Shiv Kukreja May 11, 2015 at 12:52 AM

Hi Surajit,
If you are not a tax payer and not covered with any of the statutory social security schemes, then you can subscribe to this scheme.

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nitesh patel May 2, 2015 at 1:31 PM

dear shiv my birth date is 5-5-1975 so am I eligible for this scheme

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Shiv Kukreja May 11, 2015 at 12:49 AM

Hi Nitesh,
As you are still 40, you are eligible for this scheme.

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nitesh patel May 3, 2015 at 10:31 AM

and weather the pension amount is tax free or not

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Shiv Kukreja May 11, 2015 at 12:50 AM

Pension amount will not be tax-free and will be taxed as per your tax slab.

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Sujit tripathy May 5, 2015 at 6:34 PM

Since last 2 year we r involve with NPS lite swavalamban yojna. We processed around 5000 NPS lite ac. Now we r in confuse abt this fatal yojna. Can u tell me the difference between the 2 yojna.

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Shiv Kukreja May 11, 2015 at 12:42 AM

Hi Sujit,
It will try to compare these two schemes in detail with a post.

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Tariq May 6, 2015 at 12:15 AM

I need 2 confirmation regarding APY:
1. No matter till what age the subscriber will be alive,he/she will get the pension as per subscribed plan till his/her death.
2. Apart from pension benefit,Entire corpus money will be returned back to the nominee after subscriber death.

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Shiv Kukreja May 11, 2015 at 12:38 AM

Hi Tariq,
1. Yes, that is correct.
2. Yes, that is also correct.

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shrenik kumar May 9, 2015 at 1:39 PM

sir,
any person aged 34yrs., getting salary from private concern and also if he is taxpayer, could he be eligible for atal pension yojna. what amount he should invest per month for this scheme to get maximum benefit.

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Shiv Kukreja May 11, 2015 at 12:37 AM

Hi Shrenik,
If you are a tax payer, then you are not eligible for this scheme.

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javed May 9, 2015 at 5:01 PM

sir, who alredy join in nps tiar I &II . can this person also joined atal pension scheme plz tell me i am confused…..

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Shiv Kukreja May 11, 2015 at 12:31 AM

No Javed, the subscribers of NPS tier I & II are not eligible for this scheme. Only the existing subscribers of Swavalamban Scheme – NPS Lite are eligible to be migrated to this scheme.

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Anil Samnani May 9, 2015 at 5:56 PM

I am 46, can I start the atal pension yojana….

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Shiv Kukreja May 11, 2015 at 12:21 AM

No Mr. Anil, you are not eligible for this scheme at 46 years of age.

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ajay singh panwar May 9, 2015 at 9:02 PM

Yes

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dr thakur May 9, 2015 at 11:59 PM

Dear sir
Pension statrts from age 60yr for how many yrs

It can be withdran in beween or any loan fascility on it
Kindly clear it

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Shiv Kukreja May 11, 2015 at 12:17 AM

Hi Dr. Thakur,
Pension will be paid to the subscriber till the time he/she is alive, there is no age cap for your pension payments. If the subscriber dies after 60 years of age, then the whole corpus will be paid back to the nominee.

Also, neither you can withdraw any money in between before 60 years of age nor any loan facility is there. Money can only be withdrawn in exceptional circumstances i.e. in the event of the death of the subscriber or any terminal disease.

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Eswar May 10, 2015 at 8:14 AM

Sir,in the schem of apy corpus amount will be paid to nominee at the age of 60(subscriber)or at the death of subscriber.

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Shiv Kukreja May 11, 2015 at 12:02 AM

Hi Eswar,
If the subscriber dies after 60 years of age, then the whole corpus will be paid back to the nominee. If the subscriber dies before 60 years of age, then whatever balance gets accumulated in the account along with the interest will be paid back to the nominee.

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krishna kumar May 10, 2015 at 10:09 AM

I want to know about if i will get death after registration then gov will give pension to the nominee?

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Shiv Kukreja May 10, 2015 at 11:57 PM

Hi Mr. Krishna,
It is a pension plan for the subscriber of this scheme and no pension is paid to the nominee. If the subscriber dies after 60 years of age, then the whole corpus will be paid back to the nominee. If the subscriber dies before 60 years of age, then whatever balance gets accumulated in the account along with the interest will be paid back to the nominee.

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Diganta Nath May 10, 2015 at 11:02 AM

plz support APY.

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Diganta Nath May 10, 2015 at 11:05 AM

PlZ. Joint APY

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Dev May 10, 2015 at 12:18 PM

Hi,

I dont know if I am calculating correctly.

For Example:
An Indian national of age 30 is depositing Rs 577 / month in a Bank RD at 8.75% interest (instead of APY scheme) he will accumulate Rs 7,89,376 interest and Rs 2,07,720 as principle. Totalling to 9,97,096. If he keeps the same amount in Bank FD @ 8.5% interest per annum he can earn Rs 10,037 / month instead of pension guranteed of Rs 5000 / month by the APY scheme. Additionally on the death of that person the nominne can get Rs 9,97,096 from Bank FD instead of Rs 8,50,000 guranteed by the APY.

So is the APY scheme really worth ?

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Ramprasad S May 10, 2015 at 5:24 PM

If we consider your example, the following points are to be considered first:

1. There are no financial products in India which offer Recurring Deposit (i.e., RD) for a tenure of 30 days. At max. you can have it for 10 years and not beyond that. Beyond 10 years you may renew RD but may not be at same interest rate.

2. Since it is a long term investment (i.e., 30 years), if interest rate remains constant or increases in the financial market then only return on investment in APY will be less as per your example/illustration. In case, if the opposite happens and interest rates reduces in the financial market due to lesser inflation or deflation, your pension or corpus in APY will not get reduced and remains the same as assured by GOI.

So, there are both positives and negatives in the scheme and it all depends upon individual perceptions on the long term investments.

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nitesh patel May 10, 2015 at 4:32 PM

exactly 7000 a month and that is 2000 more than this scheme but if the pension amount is tax free in atal pension scheme then only I & my wife will apply in this scheme so please suggest me

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Ramprasad S May 10, 2015 at 5:29 PM

It may be EET or EEE by the time you attain 60 years. One cannot speculate on that presently. A subscriber has to consider all pros and cons before investing in long term instruments/products like APY.

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Tariq May 10, 2015 at 6:43 PM

For 1000 pension plan the total corpus value is 1.7 lakh. If this divided by 1000 the total number of months of pension will be 170 months i.e. almost 14 year. What would happen if person lives for hundred year (pension duration 40 years) will the Govt give the pension till that age.

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Shiv Kukreja May 10, 2015 at 11:48 PM

Yes Tariq, pension will be given till the time the subscriber is alive. After his/her death, the whole corpus (Rs. 1.70 lakh in this case) will be paid back to the nominee. Rs. 1,000 is the pension amount which Rs. 1.70 lakh of corpus would be generating for you.

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Tariq May 11, 2015 at 11:30 AM

Thanks shiv for replying . So you mean apart from getting the pension till the time of death, the corpus money is quiet separate and will be given back to the nominee for sure.

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Shiv Kukreja May 11, 2015 at 11:34 AM

Yes, that is correct.

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Tariq May 12, 2015 at 9:07 AM

Hello Shiv, you have been sharing great information,thanks for this. People are very much curious to know that if this pension scheme will really have the edge on other scheme like Post office RD,PPF,FD etc in terms of monetary benefit . Can you give some analysis or any link where some one did this analysis. I know that apart from monetary benefit other factor do matter but here i want to focus on monetary benefit.

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Shiv Kukreja May 12, 2015 at 10:10 AM

Thanks Tariq,
I think, from returns point of view, this scheme is not a great scheme. I have done some calculations in the table pasted above. Returns getting generated in this scheme are way below PPF or SSA and I think it would be lower than NPS also.

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Shiv kumar sharma May 11, 2015 at 12:11 AM

Pl real informaction atalpansion yojna

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nitesh May 11, 2015 at 9:31 AM

thanks shiv and can I open this scheme in any branch of my bank or only at home branch and is there any tds on pension amount

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Shiv Kukreja May 11, 2015 at 10:48 AM

Hi Nitesh,
You need to approach banks or other service providers which are registered as points of presence and aggregators for this scheme. Here is the list of all those PoPs and aggregators – https://npscra.nsdl.co.in/download/subscriber-corner/entities-in-NPS/POP-POP-SP/POP-SP%20–%20Details%20–%2017.03.2015.zip

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prabira kumar jena May 11, 2015 at 2:28 PM

Hi I am in 40plus not 41 can I join in this plan

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Shiv Kukreja May 11, 2015 at 3:51 PM

Yes Prabira, it seems that you can subscribe to this scheme.

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Debjit Saha May 11, 2015 at 3:40 PM

Nomination is eligable, pls confirm

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Shiv Kukreja May 11, 2015 at 3:52 PM

Yes Debjit, nomination facility is available.

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mamita mishra May 11, 2015 at 4:09 PM

Hi! I am mamita mishra working in a private sector. My date of birth is 01-12-1974.can I avail APY from 1st June2015?

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Shiv Kukreja May 11, 2015 at 4:40 PM

Hi Mamita,
If you are not a tax payer and not covered under any of the statutory social security schemes, then you are eligible for this scheme.

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Tapashi Ghose May 11, 2015 at 4:46 PM

Dear Sir,
My DOB is 09.01.1975. Am I eligible for Atal Pension Yojana?

I have paid tax on interest on FD in my name with SBI. Am I disqualified for the scheme.

Please let me know.

Regards
Tapashi

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Shiv Kukreja May 11, 2015 at 4:55 PM

Hi Tapashi,
This scheme is designed for low income group workers working under the unorganised sector. So, tax payers or workers covered under any of the statutory social security schemes are not eligible for this scheme.

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Tapashi Ghose May 11, 2015 at 5:00 PM

Sir,
I am a housewife with 4.50 lacs in FD on monthly interest, on which tax has been deducted. Still I am disqualified? Why? Kindly clarify.

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Shiv Kukreja May 11, 2015 at 5:39 PM

Hi Tapashi,
I am not saying whether you are qualified for this scheme or not. As you mentioned that you paid tax on interest on FD, it makes you a tax payer. You need to further get it clarified with any of the aggregators / points of presence whether you are eligible for this scheme or not.

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nitesh patel May 11, 2015 at 5:52 PM

my wife have a mis of 4.50 lacs in post office and ppf account and a newly opened demat account with no trading or investment so now weather she is eligible for this scheme or not and she no other income she is a house wife and she don’t pay any income tax and what statutory social security scheme means

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Shiv Kukreja May 11, 2015 at 7:17 PM

Hi Nitesh,
I can suggest somebody’s eligibility only based on certain basic terms of this scheme. In order to confirm one’s eligibility, he/she needs to approach the appointed aggregators or points of presence. Here is the list of all those PoPs and aggregators – https://npscra.nsdl.co.in/download/subscriber-corner/entities-in-NPS/POP-POP-SP/POP-SP%20–%20Details%20–%2017.03.2015.zip

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nitesh patel May 11, 2015 at 7:59 PM

This link is not working.
And Thanks for this link.

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Shiv Kukreja May 11, 2015 at 8:27 PM

Please visit this link – https://npscra.nsdl.co.in/pop-sp.php and click on POP-SP Details

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sujit tripathy May 12, 2015 at 12:56 AM

i nps govt isuued a PRAN CARD to customer,, Like that in apy,, Customer will get PRAN CARD or not

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Shiv Kukreja May 12, 2015 at 10:01 AM

Hi Sujit,
Nothing has been announced in this matter as yet.

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niyaz May 12, 2015 at 3:08 PM

Sir I am a govt employee covered under Hp fund scheme am I eligible for APY

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Shiv Kukreja May 13, 2015 at 1:58 PM

Hi Niyaz,
Any Citizen of India can join APY scheme. The following are the eligibility criteria,
(i) The age of the subscriber should be between 18 – 40 years.
(ii) He / She should have a savings bank account.
(iii) The prospective applicant should furnish his/her mobile number details to the bank during registration.

Government co-contribution is available for 5 years, i.e., from 2015-16 to 2019-20 for the subscribers who join the scheme during the period from 1st June, 2015 to 31st December, 2015 and who are not covered by any Statutory Social Security Schemes and are not income tax payers.

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Avik May 12, 2015 at 3:14 PM

Hi,

I am totally confused in one point. No where it is written that if a person has EPS, s/he won’t be able to join the APY . Only it has been written that if a person in under coverage of any social security scheme like EPFO and EPS and s/he is a tax payer then, s/he won’t be eligible to get the govt contribution. correct me if I am wrong.

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Shiv Kukreja May 13, 2015 at 1:50 PM

Hi Avik, you are right in your assessment. I was wrong when I was under the impression that this scheme is only for the workers in the unorganised sector and it is not for everybody. My assessment was based on the scheme details when it got announced in March.

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John May 12, 2015 at 3:36 PM

Shiv, you have been saying in the comments below that persons who are paying income tax cannot join APY. From my reading of APY scheme details on NPS website, my understanding is that government co-contribution of 50% or Rs 1000/- will not be contributed for IT payers, and anyone can participate in APY. Can you confirm this. Thanks,

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Shiv Kukreja May 13, 2015 at 1:38 PM

Sorry John, you are right in your observations. I was under the impression that this scheme is only for the workers in the unorganised sector and it is not for everybody. But, if a person is a tax payer or covered under any other social security scheme, then the government will not contribute its share of up to Rs. 1,000 in that account.

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nitesh patel May 12, 2015 at 6:14 PM

I and my wife are not paying any income tax at present but what if we both become taxpayers after joining this scheme

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Shiv Kukreja May 13, 2015 at 1:27 PM

Not sure how the government is going to track these things.

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Satish May 12, 2015 at 7:03 PM

Sir,
I have already subscribed in NPS Lite Scheme from FY 2014-15.
I am submitting Rs. 5000 p.a. on 1st week of April and plan to do so till possible.
I find APY monthly payment tedious as it is highly possible that there are insufficient funds for some months. Can we ask the Banks to deduct the amount at one go, rather than every month.Would you suggest me to switch to APY or continue with NPS Lite Scheme.
And I shall be grateful if you could let me know the Pros and Cons of both NPS Lite and APY.

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Shiv Kukreja May 13, 2015 at 1:26 PM

Hi Satish,
I have never analysed NPS Lite and don’t know much about that scheme, so won’t be able to advise you about that. Also, I think there is no provision for a one time deduction in APY, but I think monthly contribution amount is too low. I would say one should keep one year’s contribution amount in that account so that there is sufficient balance in it.

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NABIN SARMAH May 12, 2015 at 10:09 PM

Dear Sir/madam
i want to be a agent for this scheme
pls let me know how can we become an agent in Post office to sell their accounts as well as Atal pension scheme………..

NABIN SARMAH
GUWAHATI
9706231283

Reply

Shiv Kukreja May 13, 2015 at 1:06 PM

Hi Nabin, I have no idea about it. You need to contact the PFRDA or their aggregators for the same.

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Vinod Sharma May 12, 2015 at 10:11 PM

i m a govt. servant and elligible for pension after retirement . is my wife who is housewife elligible for Atal Pension Yojna. seeking for early reply.

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Shiv Kukreja May 13, 2015 at 12:54 PM

Hi Mr. Vinod,
If your wife is 40 years or below, then she is eligible for this scheme.

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reshma May 13, 2015 at 9:34 AM

sir in ur above conversation,i notice that according to u, !!nterest calculated in table of apy Is low ,what u suggest to join the scheme???

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Shiv Kukreja May 13, 2015 at 12:44 PM

Hi Reshma,
I don’t think this is a good scheme from returns point of view. Even with government contributing 50% or Rs. 1,000, whichever is lower, the return this scheme would generate for you is just 0.66% per month. This doesn’t seem lucrative to me.

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reshma May 13, 2015 at 10:25 AM

If we r contributing for 5000 pension amt now but in future if we not able to pay for high ,can we cut to less amt at any time

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Shiv Kukreja May 13, 2015 at 12:16 PM

Yes Reshma, you can decrease or increase your monthly contribution, but only once a year in the month of April.

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Josna May 13, 2015 at 1:24 PM

Hi,

Thank you prime minister for helping the poor people with such a scheme. However the only drawback with this plan is the age limit is only till 40. This should be extended till 45-50. I want to take this plan for my mother however since her age is above 40 i am unable to subscribe. Would be great if you consider people below age group 50 in this plan.

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Avijit paul May 13, 2015 at 2:28 PM

In APY scheme , after the death of the subscriber after suppose 70 years whether the nominee is eligible for pension along with corpus amount . And after the death of nominee what will happen…..

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Shiv Kukreja May 13, 2015 at 4:00 PM

Hi Avijit,
After the demise of the subscriber, the nominee will get back the corpus amount. No pension will be paid to the nominee.

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nitesh patel May 13, 2015 at 3:21 PM

its very confusing shiv my birth date is 5 – 5 – 1975 so am I eligible for this scheme or not some bank staff are saying yes & some are saying no so please clear my doubt

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Shiv Kukreja May 13, 2015 at 4:02 PM

As per the terms of the policy, you are eligible for this scheme as you are still 40. Not sure how they are taking cases like yours.

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Irissappan May 13, 2015 at 4:30 PM

Sir,
My Wife DOB: 18.01.1975, Whether she is eligible to enroll/ join in Atal Pension Yojana (APY) launching from June 1, 2015. Please give your reply to my email-id. Thanking You.

Reply

Shiv Kukreja May 13, 2015 at 5:45 PM

Hi,
As per the terms of the policy, any citizen of India, aged between 18 and 40 years of age, is eligible to subscribe to this scheme. As your wife is 40 years old, she is eligible for this scheme.

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Thomas Rodrigues May 13, 2015 at 5:20 PM

My date of birth 17. 08. 1956
Can I join this scheme?

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Shiv Kukreja May 13, 2015 at 5:46 PM

No Mr. Thomas, you are not eligible for this scheme.

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nitesh patel May 13, 2015 at 6:23 PM

thanks shiv my wife is 36 and she have a mis of 4.50 lacs in post office and ppf account and a demat account is she eligible for government contribution of 50% and what amount I have to pay monthly 990 for a pension of 5000 or 50% less @ 495

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nitesh patel May 13, 2015 at 6:59 PM

my wife is 36 and she have a mis of 4.50 lacs in post office and ppf account and a demat account is she eligible for government contribution of 50 % and what amount I have to pay monthly 990 for a pension of 5000 or 50 % less @ 495

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Shiv Kukreja May 13, 2015 at 7:05 PM

Hi Nitesh,
You’ll have to check it with any of the aggregators regarding your wife’s eligibility. Your wife’s contribution will depend as per the pension amount you people seek at the age of 60 years. The government will contribute either 50% of your annual contribution or Rs. 1,000 per annum, whichever is lower.

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nitesh patel May 13, 2015 at 7:53 PM

and weather any minor saving account details is required and the total amount of 8.50 lacs will be direct credited in their bank account and weather any certificate we will get after joining this scheme

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Shiv Kukreja May 13, 2015 at 8:07 PM

Nominee’s bank details will not be required immediately, it might be required whenever some unfortunate event occurs. A statement of account will be issued to the subscriber for his/her contribution.

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Atul May 14, 2015 at 9:03 AM

Hi kukreja sir
1.Is this scheme started or not because when I asked in sbi bank they said scheme will start from 1st june. Is it right sir?

2. And when subscriber died during contribution period so corpus amount will get to nominee and if subscriber died after 60 year so can nominee will get corpus amount with pension or only pension or only corpus amount.

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Shiv Kukreja May 14, 2015 at 12:08 PM

Hi Atul,
1. Yes, this scheme will start from June 1, 2015.
2. Nominee will get only the corpus amount and no pension will be paid to him/her.

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reshma May 14, 2015 at 9:20 AM

Sir,one should invest in this apy or not ???

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Shiv Kukreja May 14, 2015 at 12:28 PM

It is a personal choice Reshma. To me, it is not a great scheme.

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nitesh patel May 14, 2015 at 9:58 AM

can we opt for a same nomiee for me and for my wife so that he can get total of 17 lacs after us

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Shiv Kukreja May 14, 2015 at 12:29 PM

Yes, that is possible.

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devendra singh May 14, 2015 at 10:51 AM

I am a central employe under new pension scheme (CPF) and tax payer so I am eligible for atal pension yojna

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Shiv Kukreja May 14, 2015 at 12:31 PM

Yes, you are eligible for this scheme, but you are not eligible for the government contribution.

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nitesh patel May 14, 2015 at 12:38 PM

me and my wife have a joint account where she is first holder and second I so can I give this saving account details in both forms

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Shiv Kukreja May 14, 2015 at 1:00 PM

I have no idea about this Nitesh. You need to check it with the bank.

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Balaji May 14, 2015 at 12:44 PM

Hello Shiv,

After 60th year, both are alive (Main holder and spouse), in this case each get pension amount or main holder only. Please clarify.

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Shiv Kukreja May 16, 2015 at 12:11 AM

Hi Balaji,
Only the subscriber will get the pension amount and not the nominee.

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nitesh patel May 14, 2015 at 1:04 PM

and can I give my mobile number in my wife’s pension form

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Shiv Kukreja May 14, 2015 at 1:04 PM

Yes, you can do so.

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nitesh patel May 14, 2015 at 2:57 PM

my wife is 36 and I have opted for 5000 pension on her name now my query is if something happens to my wife after 5 years then can I get 5000 pension without paying 990 every month and after me her nominee will get 8.50 lacs because I have also applied for 5000 pension so in this case weather I am eligible to get total pension of 10000

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Shiv Kukreja May 14, 2015 at 3:36 PM

No, if something happens to your wife, you being the nominee are not entitled to any pension. You’ll get your wife’s principal investment back along with the interest earned on it.

Reply

zoha May 14, 2015 at 3:04 PM

hi i am 29 year old and i am eligible to get pension from EMPLOYEES’ PROVIDENT FUND ORGANISATION. after 60 year can we join APY and get benefit plz confirm.

Reply

Shiv Kukreja May 14, 2015 at 3:40 PM

Hi Zoha,
You can subscribe to APY, but your account will not get the government contribution.

Reply

nitesh patel May 14, 2015 at 3:17 PM

and after my wife in which account the pension amount will be credited because we both have separate account in different banks

Reply

Shiv Kukreja May 14, 2015 at 3:41 PM

Only your wife will be entitled to her pension.

Reply

dhanaraju May 14, 2015 at 3:28 PM

untill which age they will provide this monthly pension, upto 80yrs? 90 yrs? if the person was died, does nominee will get the pension? if so upto at age?

Reply

Shiv Kukreja May 14, 2015 at 3:45 PM

Pension will be paid till the pensioner is alive and after him, the corpus amount will be paid back to his/her nominee. No pension will be paid to the nominee.

Reply

Dhananjayan May 14, 2015 at 6:13 PM

Does this has income tax rebate?

Do you have any calculator for calculating with my age?

Reply

Shiv Kukreja May 14, 2015 at 6:28 PM

Yes, the premium will be eligible for a rebate under section 80C. Please check this link, it has contribution table as per different ages – http://www.jansuraksha.gov.in/files/apy/ENGLISH/FAQ.pdf

Reply

jatinder May 14, 2015 at 10:44 PM

Sir my age is 38 I am shopkeeper also pay income tex am I eligible for apy

Reply

Shiv Kukreja May 14, 2015 at 11:04 PM

Hi Jatinder,
You can subscribe to APY, but your account will not get the government contribution.

Reply

jatinder May 14, 2015 at 11:00 PM

Sir my age is 38 I am shopkeeper also pay income tex .can you tell which pension plan I can take
will be thank you
jatinder

Reply

Shiv Kukreja May 14, 2015 at 11:06 PM

You can subscribe to NPS.

Reply

reshma May 15, 2015 at 12:15 AM

Sir ,government contribution means in this ply

Reply

Shiv Kukreja May 15, 2015 at 11:55 PM

Your query is not clear Reshma.

Reply

Balaji May 15, 2015 at 8:17 AM

Hello Sir,
My Age is 34, I am PF holder, Kindly suggest the Atal Pension Yojana is good for me else which pension plan is suitable for me. Please advice.

Reply

Shiv Kukreja May 15, 2015 at 11:57 PM

Hi Balaji,
I think NPS is a better pension plan as compared to APY.

Reply

nitesh patel May 15, 2015 at 11:11 AM

dear shiv my birth date is 5 – 5 – 1975 so i am more than 40 or less than 40 because you have said that more than 40 are not eligible for atal pension scheme so please clear my doubt

Reply

Shiv Kukreja May 16, 2015 at 12:00 AM

Hi Nitesh,
You are just 40 years old and as per the terms of this scheme, you are eligible. How aggregators define 40 years for this scheme, it is still not clear to me. You need to contact the customer care team for confirmation.

Reply

nitesh patel May 15, 2015 at 1:09 PM

I have a joint account where she is first holder and second I so can I give this saving account details in all the 6 forms or I have to open a new account where first name is I and second she because some banks are asking to open a new account with first name if he or she wants to apply all these 3 scheme

Reply

Shiv Kukreja May 16, 2015 at 12:08 AM

I am not sure about it, but I think even the second account holder would be eligible for getting his/her account linked for this scheme.

Reply

Amal Biswas May 15, 2015 at 1:22 PM

Dear Shiv Kukreja JI,
I post a comments on 21-04-15 in regards to get the franchise of APY directly from the Government but not from any other sources. But you sir did not give any reply in this regards. You know better , if any chances or opper-tunity declear from any govt. a group of people come in front as a middle man . Like this I contacted with a person nearby my area he demanded three types of rates on three types of agency. Like CITY LEVEL, DISTRICT AND STATE. On enquiry I found some information Mr Yashin Khan of Abhipra Enterprise of MP STATE that not to pay any amount to any body as it is free to get the POP- SP.Now I am in confusion what to do.Awaiting your early reply on the issue. Thanks
With regards

Reply

Shiv Kukreja May 16, 2015 at 12:14 AM

Hi Amal, I have no idea about it. You need to contact the PFRDA or their aggregators for the same.

Reply

jatinder May 16, 2015 at 8:10 AM

Sir
where can I open nps a/c . What is the prosisior of a/c opening
nps give me pension hole life?

Reply

Shiv Kukreja May 17, 2015 at 1:53 PM

Hi Jatinder,
Please check this link, it has the list of POP-SP – https://npscra.nsdl.co.in/pop-sp.php

Reply

Pinal Jadav May 16, 2015 at 1:03 PM

dear shiv ji,
my date of birth is 28.08.1987 so let me clear whether my nomine get total corpus amount after getting of pension for few months and then my death

Reply

Shiv Kukreja May 17, 2015 at 1:55 PM

Hi Pinal,
After your death after 60 years of age, your nominee will get the whole corpus.

Reply

navish sharma May 17, 2015 at 9:56 AM

I have deduct EPF from my salary. Is i applicable to take Atal Pension yojna for 5000.

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Shiv Kukreja May 17, 2015 at 1:58 PM

Hi Navish,
Any citizen of India can subscribe to APY, but if you are already a subscriber of EPF, your account won’t get the government contribution.

Reply

Virendra Doshi May 17, 2015 at 4:51 PM

My son’s birth date is 28/8/1997
Can I get benefits of scheme

Reply

Shiv Kukreja May 18, 2015 at 1:42 PM

I did not get your query, you are mentioning your son’s DoB, but seeking benefits for yourself ??

Reply

nitesh patel May 17, 2015 at 8:21 PM

my form of atal pension scheme is ready but some toll free number are saying yes & some are saying no as my birth date is 5 – 5 – 1975 and what if I submit the form if I am eligible for this scheme then 1454 will be deducted automatically from my saving account and if not then no amount will be deducted so shiv is this the right strategy or is there any risk @ at the time of 60 I can’t get any pension even my monthly instalments are dedicated so guide me

Reply

Shiv Kukreja May 18, 2015 at 1:43 PM

I think you should wait some more time till further clarity emerges in this matter.

Reply

Arun May 17, 2015 at 9:23 PM

Hi Shiv,

I am 35+ years old farmer , wants to go for APY for 5000 rs/month pension scheme. So my query are below :

1. After completion of 60 years Applicant will get 5000 rs /month and nominee will get 8.5 Lakh rupees , it’s right ??
2. If Applicant will be no more after some years(Like 5 or 10 years), then what will happen about deposit amount ?
Please help to clear my doubt , Thanks in advance.

2.

Reply

Shiv Kukreja May 18, 2015 at 1:54 PM

Hi Arun,
1. The nominee will get Rs. 8.5 lakh only when the subscriber’s is no more. The subscriber will get the pension money till the time he/she is alive.
2. Rs. 8.5 lakh in itself is the balance amount (principal + interest earned). So, if the applicant dies after some years, the nominee will get Rs. 8.5 lakhs.

Reply

Arun May 19, 2015 at 8:07 PM

Thanks Shiva!

1. I have one physical Handicap unmarried sister (Age 30 years),she is getting PA pension by government (approx 200 Rs/month).Is She eligible for this??

2. If Applicant will be no more after some years(Like 5 or 10 years) means not completed 60 years, then what will happen about deposit amount ?

Reply

Arun May 19, 2015 at 8:07 PM

Thanks Shiva!

1. I have one physical Handicap unmarried sister (Age 30 years),she is getting PA pension by government (approx 200 Rs/month).Is She eligible for this??

Reply

Satya Tarak Paira May 18, 2015 at 1:00 AM

1) After the death of subscriber after 60 yrs. Spouse ko pension milega kya ? 2) husband & wife can eligible separately in APY ? 3) A contractual employee under Govt. project but not income tax payer and not covered by any statutory social security schemes at present ( May be covered by any statutory social security schemes and pay income tax in future), now he/she eligible for APY or not? 4) what is the meaning of unorganized sector ? if a person not interest to take the pension after attaining 70 yrs, but want to refund the corpus, is it possible ? 5) if the monthly contribution stop before attaining 60 yrs due to financial crisis, than shall i can refund the deposited money with interest & when it possible ? if husband service at govt org. with avail pension facility , so his wife can eligible for APY ? ……satya.

Reply

Shiv Kukreja May 18, 2015 at 2:01 PM

1. No, nominee ko pension amount nahin milega.
2. Yes
3. Yes, he/she is eligible for APY.
4. I do not have the precise definition of the Unorganised Sector.
5. You need to check it with the aggregators.
6. Yes, his wife would be eligible for APY.

Reply

vishal May 18, 2015 at 8:13 AM

1. I am 28 now. Do we have an option to change our nominee after few yrs?

2. Can we open APY in any branch but for the same bank?

3. Can we have same nominee for 2 different APY accounts?

4 . say after 60 yrs subscriber dies , will the nominee get pension amount every month or lumsum pension amount or both :)?

Reply

Shiv Kukreja May 18, 2015 at 2:14 PM

1. Yes Vishal, you will have the option to change your nominee.
2. Did not get your query.
3. Yes, you can have the same nominee for 2 different APY accounts.
4. The nominee will get the corpus amount only, no pension will be paid to him/her.

Reply

Mukesh May 18, 2015 at 8:40 AM

Hi
My date of birth 12 April 1992 then i want to open APY so please help me
How to that’s account.

Reply

Shiv Kukreja May 18, 2015 at 2:14 PM

Hi Mukesh,
Your query is not clear.

Reply

saju May 18, 2015 at 12:28 PM

Hi
Sir,
I am 30yr old..if i contribute my monthly amount for 10yrs..after 10yrs if i dies,then my wife will get pension or nominee will get corpus or will retun back what amount i paid?

Reply

Shiv Kukreja May 18, 2015 at 2:15 PM

Hi Saju,
In this case, the nominee will get your contributed amount + interest earned on that.

Reply

nitesh patel May 18, 2015 at 4:54 PM

if husband died before 60 then her wife will get her husband’s pension right shiv @ total pension she will get 10000 till she is alive and after 60 the nominee will get 8.50 lacs is this correct

Reply

Shiv Kukreja May 19, 2015 at 12:26 PM

No Nitesh, wife will not get her husband’s pension amount. She will get the corpus amount of Rs. 8.50 lakhs, if her husband dies after 60 years or the balance amount with interest, if he dies before 60.

Reply

vishal May 18, 2015 at 5:03 PM

1. What schemes come under statutory social security schemes?
2. I have Lic policy and I can still open APY right?
3. Is adhaar card mandatory? In APY form adhaar number is not mandatory though?

Thanks
Vishal

Reply

Shiv Kukreja May 19, 2015 at 12:34 PM

Hi Vishal,
1. EPF, Coal Mines PF, Assam Tea Plantation PF, Seamens’ PF, Jammu Kashmir Employees’ PF & other statutory social security schemes fall under this category.
2. Yes, you can subscribe to APY. LIC policy is not a statutory social security scheme.
3. Aadhaar Card is not mandatory to subscribe to APY.

Reply

nitesh patel May 18, 2015 at 6:36 PM

and if I am wrong than if balance amount will be paid to the nominee then how much interest they will give on the total amount that the holder have given to this scheme till his death before 60

Reply

Shiv Kukreja May 19, 2015 at 12:55 PM

I have no idea what rate of interest will be paid if the husband dies before 60.

Reply

Atul May 19, 2015 at 9:01 AM

1.when will be starting Form filling process of APY in bank?

2.can we open PMJJBY PMSBY in one bank(ex. In sbi) and APY in other bank(ex. In Bank of india) saving account?

3.If subscriber will died between contribution period so in that case nominee will get corpus amount or only paid preemium+interest earned?

Reply

Shiv Kukreja May 19, 2015 at 12:58 PM

Hi Atul,
1. June 1, 2015 is the date when they will start accepting APY forms.
2. Yes, that is possible.
3. Only the deposited amount + interest earned thereon will be payable on death before 60 years of age.

Reply

saju May 19, 2015 at 1:45 PM

Sir,

Is it possible to open NPS and APY for same individual..

Reply

saju May 19, 2015 at 1:46 PM

if Yes,then minimum how many years i have to contribute in NPS

Reply

Shiv Kukreja May 22, 2015 at 11:51 AM

You need to contribute till the age of 60 years in an NPS account.

Reply

Shiv Kukreja May 22, 2015 at 11:49 AM

Yes, you can open both NPS and APY, but you won’t get the government contribution in APY. Also, NPS Lite – Swavalamban Yojana would be merged with APY w.e.f. June 1, 2015.

Reply

nitesh patel May 19, 2015 at 4:44 PM

some financial website & toll free number are saying that after husband”s death after age 60 here wife will get her husband’s pension of 5000 and if wife also passes away then the corpus of 8.50 lacs will be given to nomine so is this correct

Reply

Shiv Kukreja May 22, 2015 at 11:52 AM

Can you please share the link of one of those sites or the toll-free number Nitesh?

Reply

Utkarsh May 19, 2015 at 5:21 PM

Are there any similar or better pension schemes available at this moment?

Reply

Utkarsh May 19, 2015 at 5:24 PM

Also i am just a MBA student so am i eligible? What exactly is unorganized sector? What documents will be required as a proof to show that the person is from unorganized sector?

Reply

reshma May 20, 2015 at 9:30 AM

sir,Is there any last date of this scheme???

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Shiv Kukreja May 22, 2015 at 12:52 PM

There is no last date as such for this scheme Reshma.

Reply

JK RAO May 20, 2015 at 6:40 PM

Not only U take somuch effort and give all this info
But u answer to every question (even if it is answered earlier).
Its really great of u.

Reply

Shiv Kukreja May 22, 2015 at 12:53 PM

Thanks Mr. Rao for your kind & encouraging words!

Reply

nitesh patel May 21, 2015 at 8:18 PM

what instalment I have to pay for wife’s pension for 5000 I have to pay monthly 990 or 1087 her birth date is 10 – 11 – 1978

Reply

Shiv Kukreja May 22, 2015 at 12:56 PM

I think it should be Rs. 990.

Reply

Satya Tarak Paira May 22, 2015 at 9:48 AM

Why NPS is a better pension plan as compared to APY ? Please discus. Because i have no idea about NPS scheme.

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Shiv Kukreja May 22, 2015 at 1:02 PM

Hi Satya,
I think NPS has the potential to generate higher returns than APY.

Reply

nitesh patel May 22, 2015 at 1:26 PM

the be aware money and the toll free number 18001801111& 1800110001 these all are saying that after age 60 if something happens to husband his pension of 5000 and if wife is alive after 60 then her pension amount of 5000 total 10000 she will receive till her death and after her death the nominee will get 17 lacs please clear my doubt

Reply

Shiv Kukreja May 23, 2015 at 12:00 PM

Hi Nitesh,
I would like to stand corrected on this. You are right, the spouse will also get the pension amount in case the husband dies after 60 years of age. But, on the death of both of them (subscriber and spouse), the pension corpus would be returned to the nominee(s).

Reply

Manish Gandhi May 22, 2015 at 6:04 PM

hiii,

I want Open Atul Pension Yojna policy but this policy not available in our bank of baroda, mumbai 400 004

now what should i do……

Reply

Shiv Kukreja May 23, 2015 at 11:43 AM

Hi Manish,
Please check this link, it has the list of POP-SP where you can get your APY account opened w.e.f. June 1, 2015 – https://npscra.nsdl.co.in/pop-sp.php

Reply

reshma May 23, 2015 at 12:43 AM

sir, Nps is for unorganized sector ???,n where it is open plz tell procedure n amount n years

Reply

Shiv Kukreja May 23, 2015 at 11:42 AM

Hi Resham,
Atal Pension Yojana (APY) and NPS Lite are for the unorganised sector. You need to contribute up to the age of 60 years in APY and here is the list of POP-SP for opening APY account – https://npscra.nsdl.co.in/pop-sp.php

Reply

Jai D May 23, 2015 at 10:48 AM

I pay provident fund which is compulsory and is deducted at source and my employer contributes to it is as well on my behalf.
so is it that i would not be eligible for this Atal Pension Yojana

Reply

Shiv Kukreja May 23, 2015 at 11:38 AM

Hi Jai D,
All citizens of India are eligible for APY. But, if you are already covered under EPF, then you will not be eligible to get the government contribution.

Reply

mohit agrawal May 23, 2015 at 6:19 PM

Sir i have ppf account can i enroll with apy. please reply me as soon as possibe. As i have submitted apy form to my bank.

Reply

Shiv Kukreja May 25, 2015 at 1:32 PM

Yes Mohit, you are eligible for APY. But, if you are a tax payer or covered under any other social security scheme, then you won’t get the government contribution of Rs. 1,000 per annum.

Reply

pritam May 24, 2015 at 8:35 AM

Sir
I have following questions
1. I am a defence personnel, am i eligible for this.
2. If i am not eligible will my wife will be eligible who is a housewife.
3 is there any maturity amount will we get
4 if i or my wife eligible what amount monthly we had tp pay if we opt 5000

Reply

Shiv Kukreja May 25, 2015 at 3:09 PM

Hi Pritam,
1 & 2. Every Indian citizen is eligible for this scheme. But, if you are a tax payer or covered under any other social security scheme, then you’ll not get the government contribution of Rs. 1,000 per annum.
3. After 60 years of age, your nominee will get the corpus of Rs. 1.70 lakhs to Rs. 8.50 lakhs.
4. Contribution amount will depend on the subscriber’s age.

Reply

Sandeep Kumar May 24, 2015 at 11:15 AM

1. I have my bank account in ICICI bank. Can I apply for APY in ICICI bank
2. I am working in private sector and my EPF is deducted from my account & company also contribute and I am income tax payer. can I apply for APY
3. I am tax payer. Can I get government contribution in APY account
4. If any one not get government contribution then how much he need to pay to get same benifite

Reply

Shiv Kukreja May 25, 2015 at 3:15 PM

1. Here is the list of POP – SP where you can get the APY account opened w.e.f. June 1, 2015 – https://npscra.nsdl.co.in/pop-sp.php
2. Yes, you can apply for this scheme. But, you’ll not get any government contribution.
3. No
4. This is something I don’t know. Either the contribution amount would be higher or the pension amount would be lower.

Reply

SAUREN SAHA May 25, 2015 at 12:40 PM

Dear sir, my self working in private company,I want to open atal pension scheme for my wife,account holder of UCO bank, cooch behar, west Bengal,India,pin-736101,several times I am going to above said bank,unfortunately bank unable to give this form
Please do the needful.

Reply

Shiv Kukreja May 25, 2015 at 3:15 PM

Hi Mr. Sauren,
Here is the list of POP – SP where you can get the APY account opened w.e.f. June 1, 2015 – https://npscra.nsdl.co.in/pop-sp.php

Reply

Amisha May 25, 2015 at 1:33 PM

Can 1 apply for this ataal pension yojana even if I have some other ongoing pension plans or vice versa

Reply

Shiv Kukreja May 25, 2015 at 3:19 PM

Yes, you can get yourself enrolled for APY even if you have other pension plans. But, you won’t get the government contribution of Rs. 1,000 per annum.

Reply

Vinay koshta May 26, 2015 at 10:24 AM

Can I open Atal pension yojna in the name of my wife.

Reply

Shiv Kukreja May 26, 2015 at 10:56 AM

Hi Vinay,
Every Indian citizen is eligible for this scheme.

Reply

Atul May 26, 2015 at 9:04 PM

Hi shiv sir,
If in future I will get gov job then empolyer will enroll me in NPS (National Pension Scheme) and I have atal pension yojna then will both scheme valid for me and will gov contribution continue to my account in APY at the same time

Reply

Shiv Kukreja May 26, 2015 at 9:12 PM

Hi Atul,
This is something I have no clue about. You’ll have to approach any of the administrators with this query.

Reply

Naveen May 28, 2015 at 10:29 AM

How to apply all these schemes through online.. It will be very useful for techies if allowed to apply the schemes through online, If there is any such let me know.

Thanks

Reply

Shiv Kukreja May 28, 2015 at 6:06 PM

Hi Naveen,
You can apply PMJJBY & PMSBY through net banking platform of your bank, but APY is still not there on any online platform.

Reply

radhika sharma May 28, 2015 at 1:04 PM

Hi sir, i want to enroll in apy scheme, pls guide after 60 yrs. Pension will start but pls tell me we wil get this pension till are death or it would be for some partucular perior or age like we will get till the age of 70 etc. Also pf is deducting frm my salry is i m eligible for this scheme my age is 28. Pls help thanks

Reply

Shiv Kukreja May 28, 2015 at 6:09 PM

Hi Radhika,
You or your spouse will get this pension amount till you both are alive. After you, your nominee will be paid the corpus amount.

Reply

Shiv Kukreja May 28, 2015 at 6:10 PM

Also, you are eligible for this scheme, but you are not eligible for the government’s contribution.

Reply

Shital Patel May 28, 2015 at 9:27 PM

Hi sir
I have some question.
I work in privet company & my PF & EPF dedctect is i eligible.
If i am not eligible my wife will be eligible who is housewife. & who was nominee & who get maturity amount.like my child.

Reply

Shiv Kukreja May 28, 2015 at 10:47 PM

Hi Shital,
1. Every Indian Citizen is eligible for this scheme. But, in your case, you are not eligible for the government contribution of up to Rs. 1,000 per annum.
2. Your wife will get the pension amount after you and your nominee will get the corpus amount after you & your wife.

Reply

Santhosh d b May 28, 2015 at 10:33 PM

I am from karnataka that i am one important information of Atal Pension Yojana that i am an 40Years Old and my Date of Birth is 10/April/1975 at present date i can join for this APY Because Age joing APY is Minum age is 18 Years to Maximum age is 40 Years so please send me the required details that i can join for the APY .
I AM WAITING FOR YOUR SENDING INFORMATION.

THANKING YOU
SANTHOSH D B
KARNATAKA
28/05/2015

Reply

Shiv Kukreja May 28, 2015 at 10:49 PM

Hi Santhosh,
I think you are eligible for this scheme, but you need to confirm it from any of the aggregators appointed for this scheme.

Reply

yogesh joshi May 29, 2015 at 3:01 PM

Dear Sir,

I am 6 Feb 1975 born, will you please guide me whether I am eligible for this APY or not because while calling them 1800…. executive not able to answer, telling me to confirm with bank.

Regards,

Yogesh Joshi

Reply

Shiv Kukreja May 29, 2015 at 3:32 PM

Hi Yogesh,
I think you are eligible for this scheme, but you need to confirm it from any of the aggregators appointed for this scheme.

Reply

nitesh patel May 29, 2015 at 7:53 PM

but no one has the answer to this question I have submitted my apy form in the bank if on Monday the system will accept my form than is ok and it will not then it’s bad luck for me because my birth date is 5 – 5 -1975 weather I have done the right thing shiv

Reply

Shiv Kukreja May 29, 2015 at 8:06 PM

As per my knowledge, you are eligible for this scheme. I don’t know whether you have done the right thing or not by applying for it without having confirmation.

Reply

dhanaraju May 29, 2015 at 9:13 PM

now i am unmarried, and i opted for atal pension yojana scheme with my brother as nominee. is it possible to change the nominee after i got marry?

Reply

Shiv Kukreja May 30, 2015 at 7:18 PM

Yes Dhanaraju, you can change the nominee anytime you want.

Reply

Bhavenesh June 1, 2015 at 3:04 PM

Hi sir
I have some question.
I work in privet company & my PF & EPF dedctect is i eligible.
but IDBI bank said that you are not eligible APY

Reply

Shiv Kukreja June 2, 2015 at 1:41 PM

Hi Bhavenesh,
As per the rules of APY, every citizen of India, aged between 18 and 40 years of age, is eligible for this scheme.

Reply

Namrata June 1, 2015 at 3:11 PM

Sir currently in m working with a company and my EPF is deducted but soon I would be leaving my job. Can I get the government benefits

Reply

Shiv Kukreja June 2, 2015 at 1:42 PM

Hi Namrata,
You can get the government benefits if you would be a non tax payer as well.

Reply

Sagar De June 1, 2015 at 6:07 PM

Dear Sir,

I am NPS Lite Subscriber and have PRAN Card. Is my NPS Lite Account will automatically migrated to Atal Pension Yojna? If so how can I come to know (verify) that?

Reply

Shiv Kukreja June 2, 2015 at 1:44 PM

Hi Sagar,
You would get an SMS/email regarding the same. You can also contact your POP – SP for the same.

Reply

nitesh patel June 1, 2015 at 7:14 PM

no amount deducted from my & my wife’s saving account for apy scheme why shiv

Reply

Shiv Kukreja June 2, 2015 at 1:44 PM

You need to contact the POP – SP for the same Nitesh.

Reply

Manish Kumar June 2, 2015 at 1:35 PM

kay 01 June ke bad atal pension Open hoga

Reply

Shiv Kukreja June 2, 2015 at 2:43 PM

Yes Manish, Atal Pension Yojana mein account open ho rahe hain.

Reply

Gaurab dey June 3, 2015 at 9:11 PM

dear
sir
i want to know if i death after 60 years then what will get my nominee from Atal Pension Yojana

Reply

Shiv Kukreja June 3, 2015 at 9:34 PM

Your nominee will get the corpus amount of up to a maximum of Rs. 8.5 lakhs and a minimum of Rs. 1.7 lakhs.

Reply

Gaurab dey June 3, 2015 at 9:48 PM

i want to know if i death before 60 years then what will get my nominee from Atal Pension Yojana

Reply

Shiv Kukreja June 3, 2015 at 11:53 PM

Your nominee will get the balance amount with interest.

Reply

Anup Kumar Das June 4, 2015 at 11:16 AM

Sir Currently in i am working with a company and my epf is deducted but soon i would be leaving my job.can i get the goverment benifit?

2.I have another question,if i again join another job,there is also deduct epf,then my apy will be continue.

Reply

Shiv Kukreja June 4, 2015 at 12:14 PM

Hi Anup,
1. If you would become a non-tax payer, then only you will be eligible to get the government contribution.
2. In that case, you will not be eligible for the government contribution.

Reply

Ajay Kumar June 4, 2015 at 11:19 AM

Sir, I want to enroll APY but if I get a good government job after few years, what will be the status of APY, whether it will be continued or not becoz its not for the NPS holders and I shall be the NPS holder after getting a government job.

Reply

Shiv Kukreja June 4, 2015 at 12:15 PM

Hi Ajay,
In that case, you will not be eligible for the government contribution of Rs. 1,000 per annum.

Reply

Brahama prakash Sharma June 4, 2015 at 6:15 PM

Sir,
i want to know if i death before 60 years then what will get my nominee from Atal Pension Yojana

Reply

Shiv Kukreja June 4, 2015 at 8:42 PM

Whatever balance amount is there in the account along with the interest earned would be given to the nominee.

Reply

Gaurab dey June 4, 2015 at 8:46 PM

If i do APY and if i death before 60years than what my nominee(he/she) continued give APY premium or not and what nominee get?

Reply

Shiv Kukreja June 4, 2015 at 8:52 PM

Whatever balance amount is there in the account along with the interest earned would be given to the nominee. No further amount would be required to be invested.

Reply

Sarbojit Biswas June 4, 2015 at 9:07 PM

Sir,
I have two queries regarding the atal pension yojna, please clarify:
i) Can my wife(housewife) apply for this yojna, specifying myself(government employee) as the nominee.
ii) Starting 60yrs of age for how many years she will get the pension? For example i am opting for 5000 as the pension amount, will she get it till her death or maximum of 8.5lakhs. (850000/12*5000)

Reply

Shiv Kukreja June 5, 2015 at 3:45 PM

Hi Sarbojit,
1. Yes, every citizen of India can apply for APY.
2. Pension will be paid to the subscriber and his/her spouse till they are alive. After their death, Rs. 8.50 lakh will be paid to the nominee of the subscriber.

Reply

nitesh June 5, 2015 at 1:16 AM

my instalment of 1454 has been deducted from my saving account so then it is 100% sure that I will get all the benefits of atal pension scheme as my birth date is 5 – 5 1975 so there was a little confusion that weather my form will be accepted or not and tanks shiv for your guidance

Reply

Shiv Kukreja June 5, 2015 at 3:39 PM

That’s great, congrats!

Reply

Anish June 5, 2015 at 2:26 AM

Hi i am NRI am i eligible for APY scheme ???

Reply

Shiv Kukreja June 5, 2015 at 3:40 PM

No Anish, NRIs are not eligible for this scheme.

Reply

Gaurab dey June 5, 2015 at 12:48 PM

If i do APJ and after 1 or 2 years i unabble to give my premium than what happen? Plz ans

Reply

Shiv Kukreja June 5, 2015 at 3:41 PM

The account will become inactive and your returns will get affected.

Reply

Babu george June 5, 2015 at 4:07 PM

sir

I am now 20 years, as the scheme I need to pay 248/- for 40 years or one year? every the monthly contribution will increase or not?

Reply

Shiv Kukreja June 5, 2015 at 4:18 PM

Hi Babu,
You need to deposit Rs. 248 for 40 years. Contribution will remain the same throughout these 40 years.

Reply

Jones June 5, 2015 at 5:02 PM

Hi,

I would like to know if after I am 60 years, other than the pension will I get any other lump-sum amount too in APY?

Thanks,
Jones

Reply

Shiv Kukreja June 6, 2015 at 12:30 AM

Hi Jones,
You’ll get only the pension amount every month, your nominee will get the corpus amount after you.

Reply

Hari Kumar June 5, 2015 at 8:44 PM

Sir,i aplay for PMJJB on 31st may.but no money deducted from my account.deducted only 12 rs for pmsby.how can i chek my application accepted or not.

Reply

Gaurab dey June 5, 2015 at 11:47 PM

Today i done APJ but i want to know that how can i check my APJ online. Pla ans

Reply

Shiv Kukreja June 6, 2015 at 12:34 AM

Hi Gaurab,
You will get SMS updates & physical statements for your investment made.

Reply

Shiv Kukreja June 6, 2015 at 12:33 AM

Hi Hari,
You need to check it with your bank.

Reply

Gaurab dey June 5, 2015 at 8:47 PM

Today i done APJ but i want to know that how can i check my APJ online. Pla ans

Reply

Shiv Kukreja June 6, 2015 at 12:35 AM

Online facility is still not there.

Reply

sukanta Raut June 6, 2015 at 7:36 AM

Sir,
I am a govt. Service holder .I ask u my perents atol pension yogana .acceptable

Reply

sudeep June 6, 2015 at 8:03 AM

I am a student of 25 age.As of now i am not paying any income tax.now if i will take the scheme and after 2 years i started paying IT then will i need to inform bank to stop the contribution from govt.

Reply

Shiv Kukreja June 6, 2015 at 2:04 PM

Hi Sudeep,
I have no idea how the government will have these checks.

Reply

Kedar Chetri June 6, 2015 at 10:02 AM

Hiii…Shiv Sir..

I want a enroll a APJ. But I have a little confusion. please let me know. I am working aw privet sector company and where deducted EPF. Can I eligible for pension and after me my spouse will get corpus fund 8.5 Lacks.

Reply

Shiv Kukreja June 6, 2015 at 2:07 PM

Hi Mr. Kedar,
You & your wife will be eligible for pension after 60 years of age. Your nominee will get the corpus of Rs. 8.5 lakhs after you.

Reply

AKBAR ALI June 6, 2015 at 1:22 PM

Can we change the nominee in this scheme?

Reply

AKBAR ALI June 6, 2015 at 1:23 PM

can we change the nominee in APY?

Reply

Shiv Kukreja June 6, 2015 at 2:07 PM

Yes, you can change the nominee in this scheme.

Reply

Gaurab dey June 6, 2015 at 2:17 PM

Sir i have done APY @231 but know i want to change my policy premium @500p m what was the process plz ans

Reply

Shiv Kukreja June 6, 2015 at 2:56 PM

Hi Gaurab,
You can increase your contribution amount only once in a year, during the month of April.

Reply

Manish Gandhi June 6, 2015 at 4:05 PM

Dear Sir,

Kindly let me know Should i Open or Not Atal Pension Yojana Policy Bcoz I have already have LIC POLICY AND PPF ACCOUNT IN BANK.

and 2 Point :
if Government Change Whether this Policy gets change or remind same

Pls Clear it out Bcoz Bank Person Also Dont No Rule of Policy

Reply

Shiv Kukreja June 7, 2015 at 12:38 PM

Hi Manish,
From investment point of view, I think it is not a great scheme. PPF, Sukanya Samriddhi Yojana, Mutual Fund SIPs, NPS etc. are all better than this scheme. If government gets changed, my guess about the future of this scheme is as good as yours.

Reply

Nandish N June 6, 2015 at 4:55 PM

Dear Sir

After I attain 60 years I’ll take my pension amount say 5000? per month for some 5 years and if I die suddenly , will my nominee get 8.5 lakh as corpus amount then also….??

Reply

Shiv Kukreja June 7, 2015 at 12:38 PM

Yes Nandish, your nominee will get Rs. 8.5 lakh in that case also.

Reply

Gaurab dey June 6, 2015 at 5:09 PM

if after 7 or 10 years i want to close APY than what will i get from this ….

Reply

Shiv Kukreja June 7, 2015 at 12:39 PM

You cannot close this scheme prematurely.

Reply

Gaurab dey June 6, 2015 at 5:14 PM

if i do this and after year few i was dead before 60years then what will get my nominee from APY

Reply

Shiv Kukreja June 7, 2015 at 12:40 PM

Whatever balance amount is there, your nominee will get that amount.

Reply

Rajesh Sahani June 6, 2015 at 5:58 PM

Hi Shiv,

Is there any Provisions in this Atal Pension Yojna that i don’t take Pension after 60 years but to get Lumpsum amount and if yes then what it could be at age of 35 Years in Rs.5000 Pension plan

Reply

Shiv Kukreja June 7, 2015 at 12:41 PM

Hi Mr. Rajesh,
There is no provision to take lump sum money in this scheme.

Reply

sanjeev sharma June 6, 2015 at 6:19 PM

Sir my dob is 4/6/1975 but bank manager reply me no pension scheme is launched govt making fool. Ambala mall road main branch sbi manager reply these words i want put a complaint against that manager.

Reply

Shiv Kukreja June 7, 2015 at 12:43 PM

You can make a complaint on SBI’s website also – https://www.sbi.co.in/portal/web/customer-care/complaints-feedback-appreciation

Reply

Atul June 6, 2015 at 8:30 PM

Shiv sir,
Thanks for your previous response and you are doing grt work by responsing each and every query of each person…very appreciable sir…keep giving ans of our query…once again thanks a million sir

Reply

Shiv Kukreja June 7, 2015 at 12:44 PM

Thanks Atul for your encouraging words! 🙂

Reply

Atul June 6, 2015 at 8:35 PM

And sir I have query that
1. Is sbi accepting APY form?
2. If I join in next month so should I have to paid premium of jun and july together or only july
3. What are document should attach with form of APY

Reply

Shiv Kukreja June 7, 2015 at 12:51 PM

1. Only a few selected branches of SBI are accepting APY form.
2. If you join from July, you need not pay anything for June.
3. You just need to have a bank account for APY. No other document is required.

Reply

Gaurab dey June 6, 2015 at 9:53 PM

if i do this and after few year i was dead before 60years then what will get my nominee from APY

Reply

Shiv Kukreja June 7, 2015 at 12:00 PM

In case of death before 60 years of age, whatever balance amount is there, your nominee will get that amount.

Reply

Akanksha patel June 6, 2015 at 11:53 PM

Hello sir,
I am self employed & already tax payer & i have ppf account also. If i want an amount of rs 5000 as a pension ,Can i opt this scheme.

Reply

Shiv Kukreja June 7, 2015 at 11:51 AM

Yes Akanksha, you can opt for this scheme, but won’t get the government contribution of up to Rs. 1,000 per annum.

Reply

Birendra bisht June 7, 2015 at 12:15 PM

sir…..

Abhi mai 23 yrs old hu…..iam eligible to join apy scheme but later i do job and comes in tax slab…..so will my apy scheme continue for me
and also after joining apy.scheme……can i also hv later my ppf account and can i enroll for other pension schemes later..??

Reply

Shiv Kukreja June 7, 2015 at 1:07 PM

Hi Birendra,
As you become a tax payer or get employment with EPF etc., you’ll stop getting the government contribution of upto Rs. 1,000 per annum.

Reply

Anup Kumar Das June 7, 2015 at 12:23 PM

Sir This is Anup from Kolkata,
I have a little confusion regarding APY secheme,Sir currently i am working in a private sector,i have a pf account in at my company,but i know i am eligible for Apy scheme,but i dont understood the goverment contrubution.plz explaing me,

Reply

Shiv Kukreja June 7, 2015 at 1:03 PM

Hi Anup,
Modi government has started this scheme for the workers in the unorganised sector and has committed to contribute up to Rs. 1,000 per annum for 5 years to those account whose subscribers are not tax payers and are not covered under any other social security scheme like EPF etc.

Reply

Anup Kumar Das June 7, 2015 at 3:42 PM

Hi Sir
I am Anup,i am from Kolkata,i am working in a private sector.my EPF deduction every month,if i join APY scheme,then will i get pf benifit double,after leaving the job.

Reply

Shiv Kukreja June 7, 2015 at 6:24 PM

EPF is a different scheme and APY is a different scheme. You’ll get benefits under both the schemes, but, as you are already covered under EPF, you won’t get the government contribution under APY.

Reply

BHIM SINGH BISHT June 7, 2015 at 6:55 PM

Sir, if husband(working)and wife(housewife) both take this plan and if any of one will get dead, can other one will getting 2 pensions.

Reply

Shiv Kukreja June 9, 2015 at 12:40 PM

Yes, the surviving partner will get both the pensions.

Reply

shiprana June 7, 2015 at 8:18 PM

What happen if i joined this scheme on age of 18 and die around on my 40 or 50 so what happen with my money what happen wid dis scheme

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Shiv Kukreja June 9, 2015 at 12:41 PM

Hi Shiprana,
Your nominee will get the balance amount in the account.

Reply

shyamala June 7, 2015 at 11:19 PM

Hai sir,this is shyamala,iam house wife,can i enroll for this apy scheme?

Reply

Shiv Kukreja June 9, 2015 at 12:41 PM

Hi Shyamala,
Every citizen of India is eligible for this scheme.

Reply

Pritam June 8, 2015 at 11:16 AM

I want to know online process for join ing APY from my sbi account .thank .

Reply

Shiv Kukreja June 9, 2015 at 12:42 PM

Hi Pritam,
You need to check with your bank whether they are providing online facility or not.

Reply

Ilangovan June 8, 2015 at 1:30 PM

Sir,

I am working in a company and my PF amount is getting deducted. My age is 27 and I want to subscribe for Rs 5000 pension plan by contributing Rupees 446 per month. Being a tax payer and PF is also getting from my salary, how much pension per month I will receive upon completion of 60 years of age.(Since I will not get the government contribution, I want to ask this question)

Reply

Shiv Kukreja June 9, 2015 at 12:58 PM

Hi Ilangovan,
The government has not disclosed the pension amount in the absence of its contribution of up to Rs. 1,000 per annum.

Reply

shankar June 8, 2015 at 5:31 PM

hi i am working in corporation of chennai (Government). am i eligible for this scheme?????? please reply as soon as possible

Reply

Shiv Kukreja June 9, 2015 at 1:12 PM

Hi Shankar,
Every citizen of India is eligible for this scheme. However, if you are a tax payer and covered under any other social security scheme, then you are not eligible for the government contribution.

Reply

shankar June 9, 2015 at 4:16 PM

Thank u for ur reply. I am not a tax payer. can i receive government contribution? and i want explanation of government contribution

Reply

Shiv Kukreja June 9, 2015 at 5:03 PM

If you are not covered under any social security scheme, then you’ll get the government contribution. Government contribution is explained in the post above.

Reply

shankar June 8, 2015 at 5:35 PM

and i have only CPS ( contributory pension scheme) i am appointed in Feb 2014 only. am i eligible for this APY scheme?

Reply

Rajesh kr. Mishra June 8, 2015 at 5:39 PM

Dear sir,mera question hai ki yadi mai 5 or 10 year tak plan chalane ke baad
kise karan se plan nahi complite kar paata to mera jama rupaya milega yaa naheen.

Reply

Shiv Kukreja June 9, 2015 at 1:14 PM

Hi Mr. Rajesh,
Pension ke liye aapko is account ko active rakhna hoga.

Reply

salil mitra June 9, 2015 at 2:19 PM

DEAR SIR
I, SALILMITRA (DOB 05/04/1968) WORKING IN A PVT. FRIM WITH EPF ACCOUNT, WHERE MY WIFE IS THE NOMINEE.
MY WIFE (DOB 05/11/1975) HAS 02 S/B A/C WITH ME( SHE IS 2ND HOLDER) IN GOVT. BANK (SBI AND IDBI)
NOW CAN I OPEN ATAL PENSION YOJANA IN MY WIFE’S NAME IN ANY ONE JOINT S/B A/C ?.
CAN SHE MAKE A NEW ACCOUNT FOR OPEN ATAL PENSION YOJANA?
CAN I APPLY IN MY NAME IN HER NOMINEE?
PLEASE SEND A REPLY
SALIL MITRA

Reply

Shiv Kukreja June 9, 2015 at 2:45 PM

Hi Mr. Salil,
Every citizen of India is eligible for APY. So, your wife is eligible for this scheme. You need to have a Savings Bank A/c. in your wife’s name for her to subscribe to APY.

Reply

Swati June 9, 2015 at 2:50 PM

I am working in a company and my PF amount is getting deducted. My age is 39 and I want to subscribe for Rs 5000 pension plan by contributing Rupees 1454 per month. Being a tax payer and PF is also getting from my salary, how much pension per month I will receive upon completion of 60 years of age.(Since I will not get the government contribution, I want to ask this question)

Reply

Shiv Kukreja June 9, 2015 at 2:55 PM

Hi Swati,
The government has not disclosed the pension amount in the absence of its contribution of up to Rs. 1,000 per annum.

Reply

devesh joshi June 9, 2015 at 4:19 PM

sir agar meri umra 23 saal he pure 60 saal hone tak agar premium bharta hu ho kitni maturity value milegi

Reply

Shiv Kukreja June 9, 2015 at 6:20 PM

Hi Devesh,
Aapko pension milegi, upar diye gaye table ke according. Aapke nominee ko aapke baad corpus amount milega.

Reply

Ketan June 9, 2015 at 6:48 PM

Hi, Apart from PoPs aren’t the Banks also involved in promoting the scheme and taking care of the formalities like application forms, etc. alike PMJJBY & PMSBY schemes? Thanks!

Reply

Shiv Kukreja June 9, 2015 at 6:50 PM

Hi Ketan,
Banks are also included in the list of POP – SP.

Reply

Ketan June 10, 2015 at 12:05 PM

Thanks! Shiv.
I tried enquiring in couple of Banks where I hold SB account (including Nationalised Bank) but I didn’t get positive response…giving me an impression that they weren’t much interested in promoting the scheme. I will again give it a try.

Reply

raejsh June 9, 2015 at 6:51 PM

sir,actually my state govt as providing 1000 per month.if i will apply this pension,state pension also available or canceled??????

Reply

Shiv Kukreja June 9, 2015 at 6:59 PM

Your state government pension will be available, but you’ll not get the government contribution for APY.

Reply

jitendra v June 9, 2015 at 8:39 PM

sir…

me 42 rupees ke hisab se 42 saal ka payement ek saath kar sakta hu ?

Reply

Shiv Kukreja June 10, 2015 at 12:17 PM

Nahin Jitendra, ek saath lump sum investment nahin kar sakte.

Reply

jitendra v June 9, 2015 at 8:27 PM

sir. me 42 rupees per month ke hisab se 42 saal ka premum ek saath bhar sakta hu

Reply

Ramprasad June 9, 2015 at 9:37 PM

Hi Shiv, there is lack of clarity on the following in APY:

1. Accrued balance of Swavalamban account is neither transferred automatically nor adjusted to the monthly premium of APY. I enquired about the same with PFRDA and aggregator and both have no answer for that.
2. There is no clarity on how government contribution of Rs.1000 is credited to APY i.e., whether the amount will be adjusted by reducing subscriber’s contribution of any one month in a year. For this also there is no answer from both PFRDA and Aggregator.
3. Applicable monthly premium payable by subscriber is determined based on completed years of age. Eg. a person aged 35 years and one month joining APY for 5000 pension will pay monthly premium of Rs.902 and another person aged 35 years 11 month will also pay same premium amount of Rs.902 for the same pension (i.e., second person is benefitted/saved by not paying premium of 11 months). Hence it would be advisable to all subscribers to join APY scheme just few days before their date of birth to save atleast 11 months premium.

Reply

Shiv Kukreja June 10, 2015 at 1:04 PM

Thanks a lot Mr. Ramprasad for these important points! I think there is still a lot clarity required in this scheme. I wonder why people are chasing this scheme.

Reply

Ramprasad June 10, 2015 at 2:22 PM

If point 3 of my message is considered, we can strongly say that APY is not scientifically deviced properly and all subscribers should take advantage of this loop hole while enrolling for APY.

Reply

Soumadip Neogy June 10, 2015 at 5:38 AM

Hello sir I am a state government employee and I am also a tax payer and also a member of EPF. So am I eligible for Atal Pension Yojna? Another thing I want to know, what is corpus amount Rs 8.5 laks?

Reply

Shiv Kukreja June 10, 2015 at 11:33 PM

Hi Soumadip,
Every Indian citizen is eligible for this scheme, but you, being a tax payer and covered under EPF, are not eligible for the government contribution of up to Rs. 1,000 per annum. Corpus of Rs. 8.50 lakh is the amount which will get accumulated when you turn 60. Your nominee will get this amount of Rs. 8.50 lakh in your absence.

Reply

Soumadip Neogy June 10, 2015 at 6:57 AM

Hello sir am 28yrs old. I am a state government employee and I am also a tax payer and also a member of EPF. So am I eligible for Atal Pension Yojna? Another thing I want to know, what is corpus amount Rs 8.5 lakhs?
In case of 5000 pension amount. And what amount my nominee will get if I died after 3yrs of making dis policy…. plz tell inrespect of 5000 amount..

Reply

Shiv Kukreja June 10, 2015 at 11:57 PM

If you die after 3 years, your nominee will get your deposited amount with interest earned on it, i.e. Rs. 485 * 12 months * 3 years = Rs. 17,460 + interest earned on it.

Reply

Ramprasad June 10, 2015 at 2:00 PM

If point 3 of my message is considered, we can strongly say that APY is not scientifically deviced properly and all subscribers should take advantage of this loop hole while enrolling for APY.

Reply

Shiv Kukreja June 11, 2015 at 12:12 AM

I think, with a scheme of more than 20 years at least, it would hardly make any big difference if I subscribe to this scheme at the age of 33 years 1 month or 33 years 11 months. I would be able to save a maximum of Rs. 15,994 (Rs. 1454 * 11 months). But, if your info is correct, there is a gap in this scheme’s design.

Reply

suryanarayan panda June 10, 2015 at 4:34 PM

Sir I am a state Govt. Employee.I am facilitied on cpf scheme. Can I eligible to APY scheme.

Reply

Shiv Kukreja June 11, 2015 at 12:18 AM

Hi Mr. Panda,
Though you are eligible to subscribe to APY, you’ll not get the government contribution of Rs. 1,000 per annum.

Reply

harsh June 10, 2015 at 11:25 PM

If i dnt want to get pension may i can get whole amount in once like 8.50 laks after maturity .Or a wife can be a contributor?

Reply

Shiv Kukreja June 11, 2015 at 12:40 AM

No Mr. Harsh, you are entitled to pension only, till you are alive. After you, your nominee will get the corpus of Rs. 8.50 lakh. This account will be linked to your savings bank account in which you are the primary holder. So, you’ll have to fund this scheme.

Reply

Jayakanthan June 11, 2015 at 10:05 AM

Sir, My DOB is 3rd June 1975. I’m already 40 year old Tax payer, am I eligible for ATP scheme? If so I would like to opt for Rs 5000 pension. As per scheme I need to pay Rs 1454 monthly and not eligible for Government Co-Contribution. Could you please clarify my following assumptions are correct?
• At the end of 60 years I’ll get 8.5L as lump sum.
• In addition I’ll also get INR 5000 as pension per month till death.

Reply

Shiv Kukreja June 11, 2015 at 2:35 PM

Hi Mr. Jayakanthan,
Firstly, as you have just turned 40, you are eligible for this scheme. Moreover, at the end of 60 years, you’ll get just the pension amount every month. The corpus of Rs. 8.50 lakh will be given to your nominee in your absence.

Reply

Pankaj Singh June 11, 2015 at 10:49 PM

Hello sir
I am Pankaj Singh already I have tax payer and I have ppf account. Can I join atal pension yojana
Regards

Reply

Shiv Kukreja June 11, 2015 at 11:46 PM

Yes, you can join APY, but you won’t get the government contribution.

Reply

pradeep June 12, 2015 at 12:23 PM

Should people having EPF subscribe to this scheme ?
Will the pension be taxable ?

Reply

Shiv Kukreja June 12, 2015 at 2:23 PM

Pension will be taxable on maturity. I think it is not a great investment scheme, rest it depends on an individual whether he/she wants to subscribe to this scheme or not.

Reply

vinod kumar June 11, 2015 at 11:41 PM

sir
mai public sector company (psu) mai kam karta hu meri wife house wife hai. kya mai unko APY account open karva sakta hu.
jab ki mera epf jama hota hi. aur mere sabhi saving a/c mai vo nomnee hai.
mai unke APY account mai nomnee ho sakta hu.

Reply

Shiv Kukreja June 11, 2015 at 11:48 PM

Hi Vinod,
Agar aapki wife 40 years ya usse kam hain, to unka account khul sakta hai. Aap unke nominee ban sakte hain.

Reply

simar June 12, 2015 at 1:08 AM

Mera que hai k agr mai abi scheme m invest krti hu
Or in a 40 yrs mje kuj ho gya then after me mere partner ko majurity claim hogi ya fr pension….?

Reply

Shiv Kukreja June 12, 2015 at 2:34 PM

Agar aapko 40 years mein kuch ho jaata hai to aapke partner ko balance amount with interest milega.

Reply

Narender Kumar June 12, 2015 at 6:37 PM

Sir, I am a state govt. employee amd I am NPS (NEW PENSION SCHEME) subscriber having PRAN. Am I eligible for Atal Pension Yojna?
Who will be my nominee, my wife or my children as my wife will get pension after my death.:
Are both of us i.e. me and my wife eligible for APY?
Will nominee be same for both of us?
I am income tax payer and will not get govt contribution i.e. rupees 1000 per year for five years. In this case what will my monthly pension which would be rs. 5000 for non tax payers.

Reply

Shiv Kukreja June 12, 2015 at 11:33 PM

Hi Mr. Narender,
Every citizen of India, aged between 18 and 40 years, is eligible for APY. But, as you mentioned, you are not eligible for the government contribution. Your children will be your nominees. The government has not disclosed the pension amount for those who do not get the government contribution.

Reply

kousik Banerjee June 12, 2015 at 9:52 PM

Sir,i & my wife has a joint sb a/c at united bank where my wife is the second holder can I open ‘APY’ in my wife’s name showing this a/c?

Reply

Shiv Kukreja June 12, 2015 at 11:34 PM

No Kousik, your wife has to be the primary account holder for this scheme.

Reply

simar June 12, 2015 at 11:55 PM

Or after 40 to 60
Or after 60 agr kuj hota hai to????

Reply

Shiv Kukreja June 15, 2015 at 7:35 PM

1. Between 40 to 60 years as well, aapke partner ko balance amount with interest milega.
2. After 60 years, aapke partner ko pension milegi and after your partner, aapke nominee ko corpus amount milega.

Reply

simar June 12, 2015 at 11:57 PM

Balance amount with unterest mtlb
Maturity milegi 1.7 ki ya fr 40 yrs tk jo invest kita hoga wo milega with interest..???

Reply

Shiv Kukreja June 15, 2015 at 7:37 PM

40 years tak jo invest kiya hoga wo milega with interest. Corpus amount of Rs. 1.70 lakh 60 years complete hone ke baad milega.

Reply

Shrishti June 13, 2015 at 5:54 AM

person joined Atal Pension Yojna, he will contribute till age of 60 years

eg…..
If he wants monthly pension of Rs 1000 he would contribute Rs 181 a month. On his death his wife would get Rs 1000 per month and after her death the nominees will get 1.7 lakh.We understood….

But Clear the death period for taking benifits of Corpus.

eg, Period Between Year of Contribution / After Contribution / Both period

Reply

Shiv Kukreja June 15, 2015 at 7:41 PM

Hi Shrishti,
Corpus will be payable only on or after 60 years of age and only to the nominee of the subscriber.

Reply

krishan bajaj June 13, 2015 at 8:06 AM

Sir agar hum 10 years chala kar dead hojata ha to kitna amount milaga as my wife age is 39 nominee ko kitna milaga

Reply

Narender Kumar June 13, 2015 at 8:10 AM

Dear Sir, APY enrollment form me ek line aise likhi hui hai,
“Further, I do not hold any pre-existing account under NPS.”
Is line se to yahi samajh aa raha hai ki NPS vaale jinke paas PRAN hai, ve is yojna ko nahi le sakte. Sir, Kya aisa hai?

Reply

Shiv Kukreja June 15, 2015 at 7:45 PM

This line is a declaration that you are not opening a second pension account and also related to the government contribution of Rs. 1,000 per annum. Agar aapka already NPS mein account hai, to aapko government contribution nahin milega.

Reply

Shanker June 13, 2015 at 12:06 PM

Dear Sir,

Iam 38 years old, working in a private organisation member of EPF & tax payer. Can i take this policy for Rs.4000/- pension p/m.
Also my wife working & member of EPF and filing returns, is she also eligible for the scheme her age is 35years.

Reply

Natarajachar June 13, 2015 at 12:10 PM

I have one doubt, suppose if I discontinue or unable pay premium amount after some year then what is the rules for this how much will get

Reply

Shiv Kukreja June 15, 2015 at 7:48 PM

If you stop contributing to this account after a few years, then it will become inactive and will get closed subsequently. However, it is still not clear how & when you’ll be able to withdraw the amount.

Reply

kousik Banerjee June 13, 2015 at 1:25 PM

Sir,i want to join in APY & I have aadhar card.But my wife still have no aadhar card.is it mandetory to have aadhar for both?

Reply

Shiv Kukreja June 15, 2015 at 7:49 PM

It is not mandatory to have the Aadhaar Card for opening this account.

Reply

arka chakraborty June 13, 2015 at 5:37 PM

I am a govt PSU employee in bsnl age about 24 years, am I eligible to get the Atal pensions Yojna?

Reply

Shiv Kukreja June 15, 2015 at 7:51 PM

Hi Arka,
Every Indian citizen is eligible to open this account. However, being a government employee, you’ll not get the government contribution as you are already covered under a social security scheme.

Reply

anshuman June 13, 2015 at 6:24 PM

Sir, My age is 40 yrs so EMI will b around 1454 for 5000 pm pension. If I want to pay double amount can i get double pension, thank you

Reply

Shiv Kukreja June 15, 2015 at 7:53 PM

No Anshuman, it is not allowed to increase the contribution amount to get a higher pension.

Reply

Bishal Neogi June 13, 2015 at 6:26 PM

Dear sir
I am 35 (raning)yers old. I am a privet company contract employee So i am opening for Atal Pension Yojna secheme?
1/Monthaly 362 *12 month=4344 pear years 4344*25 years=108600 after 60 years whate amount will be return and monthaly penson
2/Question hai ki yadi mai 5 or 10 year tak plan chalane ke baad kise karan se plan nahi complite kar paata to mera jama rupaya milega yaa naheen.
3/Question hai ki ma kon Bank may apy opening karo,Bank yala moja kiya documant daga.
Regards
Bishal neogi

Reply

Shiv Kukreja June 15, 2015 at 7:59 PM

Hi Bishal,
1. 60 saal ke baad, Rs. 3.40 lakh corpus amount hoga and Rs. 2,000 pension amount.
2. Is query ka answer mujhe nahin pata.
3. Bank aapko ek statement issue karega.

Reply

Puneet June 13, 2015 at 6:53 PM

sir aggar 5000 rs wali pension le rahe hai to atal pension yijna ke according nominee ko 850000 rs milenge after death kya 850000 rs after 60 years turant mil sakte hai jo persion permium bhar raha hai pension ke liye

Reply

Shiv Kukreja June 15, 2015 at 8:01 PM

Hi Puneet,
Rs. 8.50 lakh corpus amount sirf nominee ko milega after you and your life partner.

Reply

Puneet June 13, 2015 at 6:56 PM

ir aggar 5000 rs wali pension le rahe hai to atal pension yijna ke according nominee ko 850000 rs milenge after death. kya 850000 rs 60 years Ke Baad turant mil sakte hai jo persion Ka permium bhar raha hai

Reply

Puneet June 13, 2015 at 6:56 PM

sir aggar 5000 rs wali pension le rahe hai to atal pension yijna ke according nominee ko 850000 rs milenge After Death . kya 850000 Rs 60 years Ke Baad turant mil sakte hai jo pension Ka permium bhar raha hai

Reply

vaibhav mehta June 13, 2015 at 10:50 PM

Hello,

There is a loop hole in this scheme,,,amount is decided as per ur age and not by month,,,i should better start when i reach 29 years and 11 months,,,by this 11 month amount would be saved…m i rite ??

Reply

Shiv Kukreja June 15, 2015 at 8:02 PM

Hi Vaibhav,
It seems so, as per the information provided by Mr. Ramprasad.

Reply

Prabudev June 14, 2015 at 1:57 AM

I am 20 yrs ,
sir whether i need to pay any initial amount other than contribution amount to join in this scheme ,if yes means how much sir?

Reply

Shiv Kukreja June 15, 2015 at 8:03 PM

Hi Prabudev,
You need not deposit any extra amount other than the monthly contribution.

Reply

Narender Kumar June 14, 2015 at 7:14 AM

Dear Sir, APY enrollment form ki declaration me ek line aise likhi hui hai,
“Further, I do not hold any pre-existing account under NPS.”
Is line se to yahi samajh aa raha hai ki NPS vaale jinke paas PRAN hai, ve is yojna ko nahi le sakte. Sir, Kya aisa hai?

Reply

Dilip Kulkarni June 14, 2015 at 12:20 PM

Maximum age is 40 years. what about less than 41, i.e. if some is 40 years 6 months on June 30, 2015, will he be eligible?

Reply

Shiv Kukreja June 15, 2015 at 8:05 PM

Hi Mr. Dilip,
Yes, a person with such an age would be eligible for this scheme.

Reply

purusotham June 15, 2015 at 12:29 AM

Modi government.
Atal Yojana retirement pension.
A calculation.
@@@@@@@@@@@@@@@@@@@@@@@@
Arrive age. – 18
Years of paying – 42
Rupee paying Rs42 / =

Atal retirement pension Yojana
By project
Get a payment of – 17000.00
Monthly pension. – 1000.00

@@@@@@@@@@@@@@@@@@@@@@@@@
Calculation of the Post Office.
Arrive age. – 18
Years of paying – 42
Rupee paying Rs42 / =

Pay at the post office
interest of 8.4% per annum (quarterly
compounded) and recive a amount Rs 193673.00
The sixty-year-old senior at Rs 193673.00
Citizen interest rate of 9.3% per annum.
According to its availability of
Rs through interest
Monthly income 1500.00 / =
??????????????????????????????

Reply

sunitha June 15, 2015 at 9:21 AM

Is it possible to apply for this online. I will turn 40 in July, I am eligible to apply.

Reply

Shiv Kukreja June 15, 2015 at 8:06 PM

No Sunitha, it is still not possible to open this account online.

Reply

Varun June 15, 2015 at 3:46 PM

Hello Sir,
Thank you for the article . My question is if I opt for Rs 5000/month pension plan then as per my age I have to pay Rs 485/months, Will this premium amount increase yearly ? or will it remain same 485 till the account gets matured at my age of 40?

Reply

Shiv Kukreja June 15, 2015 at 8:10 PM

Hi Varun,
Rs. 485 monthly contribution will remain fixed throughout this contribution period. But, it will not mature as you turn 40, it will mature when you are 60.

Reply

T sriram June 15, 2015 at 3:49 PM

Iam state government employee. And NPS account holder.am I eligible for atal pension yojana

Reply

Shiv Kukreja June 15, 2015 at 8:12 PM

Yes, you are eligible. But, you won’t get the government contribution of up to Rs. 1,000 per annum.

Reply

Nandini deepak June 15, 2015 at 4:32 PM

Hello sir, I’m a house wife n I am not a tax payer, if I join the scheme, to get a pension of 5000 pm after 60, do I get the benefit of government funding?

Reply

Shiv Kukreja June 15, 2015 at 8:13 PM

Hi Nandini,
It seems that you are eligible for the government contribution.

Reply

Sonu June 15, 2015 at 5:18 PM

Hi Sir,

Suppose if a person is not paying for more than 2 year then I know that his account will be closed but I want to know that what will happen to his/her money which he/she has deposited till that time. Will he get that money or if yes then will he get any interest also for that.

Reply

Shiv Kukreja June 15, 2015 at 8:14 PM

Hi Sonu,
It is still not clear what will happen in this case.

Reply

dharmveer June 15, 2015 at 5:25 PM

Dear Sir,
Me and wife both are having one joint account, can we both apply for this Pension scheme with that joint account.
or I can go for other account which I am also having and my wife can go with this joint account.
Which one will be better.

Reply

Shiv Kukreja June 15, 2015 at 8:19 PM

Hi Dharmveer,
Only the first bank account holder can apply for this scheme. The other account holder will have to apply from some other bank account.

Reply

Dharmveer June 16, 2015 at 9:41 AM

Hi Sir,
Sorry I didn’t understand this sentence –> “Only the first bank account holder can apply for this scheme”.
Kindly once clarify this.

Reply

Shiv Kukreja June 16, 2015 at 12:54 PM

Hi Dharmveer,
If yours is a joint savings bank account, then only the first bank account holder can apply for this scheme linking the joint bank account to this scheme. The other account holder will have to apply from some other bank account.

Reply

Ketan June 15, 2015 at 7:25 PM

Hi Shiv,
Answering to so many questions regarding the scheme I guess you now can be the official consultant for the scheme 🙂

Reply

Shiv Kukreja June 15, 2015 at 8:22 PM

Hi Ketan,
If any such official proposal comes my way, I would be more than happy to be called the official consultant for this scheme or SSY. 🙂

Reply

vithal June 15, 2015 at 10:38 PM

No one nationalized banks known about APY

Reply

Shiv Kukreja June 16, 2015 at 12:10 AM

Here is the link to the list of servicing POP – SP where these accounts are getting opened – https://npscra.nsdl.co.in/pop-sp.php

Reply

soumitra halder June 16, 2015 at 12:08 AM

sir
ami bujta parce na ja montly koto taka deta hoba joma .are kon bank a r account lagba

Reply

biplab bhadra June 16, 2015 at 12:32 PM

sir.im a nps lite holder (with state govt. contribution) 2013. can I migrated fron that to apy.

Reply

Shiv Kukreja June 16, 2015 at 12:49 PM

Yes Biplab, you can migrate your account to APY.

Reply

biplab bhadra June 17, 2015 at 2:52 PM

its biplab kukreja sir.lm going to my sbi branch but they told me that they are unable to link the nps lite ac with my sb account. its only done by Nsdl . plz sir kindly help me I want to link sb account through electronic money transfer system as monthly basis.

Reply

Shiv Kukreja June 20, 2015 at 12:38 AM

Hi Biplab,
You should approach NSDL then and ask for the procedure.

Reply

vipin June 16, 2015 at 5:30 PM

how government contribute 1000 rs. ? it is not clear

Reply

Shiv Kukreja June 16, 2015 at 6:21 PM

Government contribution would get reflected in your account statement, whenever it is done.

Reply

gangadhar sahoo June 16, 2015 at 9:31 PM

dear sir,
kindly saggest can i apply the apy online

Reply

Shiv Kukreja June 17, 2015 at 11:53 AM

No, you cannot apply for this scheme online as yet.

Reply

ved prakash singh June 16, 2015 at 9:43 PM

seva me,
shriman pradhanmantriji,
aap ke dwara chalai gai yojna, atal pention yojna bahut acchi yojna hai. mananiy ji se nivedan hai ki meri umar 43 year ho chuki hai. aurmere pas koi sarkari naukri nahone ke kaaran mai is yojna ka labh lena chahta hu. kyun ki aap ne is yojna ko 40 year tak hi kiya hai. isliye hamari umar ke log is yojna ka labh nahi utha pa rahe hai.
atah aapse niwedan hai ki is yojna ki umar ko badane ka kashat kare . is ke liye premium amount bhi umar ke hisab se badane ka kashat kare.
atah shrimanji se niwedan hai ki is samasya par vishes prakash dale kyu ki hume bhi vote dene ka adhikar hai. aur main bharat ka nagrik hu.

aap ka bhaoudhi
ved prakash singh
5/123 vikas khand
gomti nagar (226010)
lucknow (u.p)
cont. 9450024012

Reply

Vipin Kumar June 17, 2015 at 12:40 AM

Sir ,

I am a 23 year old student.
I would be completing my studies next year . I am not paying the income tax as I dont earn right now bt I have applied for the pan card.
Next year I would be doing job.
Can I apply for this pension scheme

Reply

Shiv Kukreja June 17, 2015 at 12:10 PM

Yes, you can apply for this scheme.

Reply

saju June 17, 2015 at 10:54 AM

Sir,

My wife is 30yr old..if i opened APY in her name,after 60 she is eligible for pension..after her death i will get pension or not??or Nominee will get corpus only..

I have opened APY in my name..after my death wife will get pension after 60yrs..
what abt if i opened APY in wife name?after 60yrs if she dies then i will get pension or not?we are planning for 10000rs pension..so openening account for both?is it possible

Reply

Shiv Kukreja June 17, 2015 at 11:03 AM

Hi Saju,
1. After you wife, you’ll get the pension amount paid.
2. It is possible to get this account opened in your individual names and get Rs. 10,000 pension in the absence of the other partner.

Reply

Jyoti June 17, 2015 at 11:13 AM

Hi Sir,
I am having 2 doubts–>
About 2 years before my husband has opened one account(before our marriage)
and last year after our marriage, he converted his account as a joint account(for we both).

1)Now just I want to ask the can we both open this PM Pension Scheme using this joint account, in future we will not have any problem naa in getting benefits from this scheme.

2)or suppose I only wish to use this joint account for this PM Pension Scheme then can I go with this joint account.

Thanks alot in Advance

Reply

Shiv Kukreja June 19, 2015 at 11:40 PM

Hi Jyoti,
Only the primary bank account holder can get his/her bank account linked to this scheme.

Reply

SANTOSH June 17, 2015 at 12:28 PM

Sir,
How I can transfer 20000 Rs in NPS presently to ATAL PNSION YOJANA
I have both the schemes with me
is there any migration form for the same
Thanks

Reply

Shiv Kukreja June 19, 2015 at 11:40 PM

Hi Santosh,
Only the NPS-Lite account can be migrated to APY.

Reply

K.Ranjith Babu June 17, 2015 at 12:31 PM

I am already in NPS-regular and income tax payee, am I eligible for Atal Pension Yojana?
which one is better?

Reply

Shiv Kukreja June 19, 2015 at 11:41 PM

Hi Mr. Babu,
You are not eligible for the government contribution of up to Rs. 1,000 per annum.

Reply

K Ranjith Babu June 21, 2015 at 4:55 PM

can I join APY, along with continuing my NPS-regular account both.

Reply

nishith Ghosh June 17, 2015 at 9:43 PM

This is very helffull plan.

Reply

Rama June 18, 2015 at 1:14 PM

Sir,we want join our maid in this apy scheme ,after completing 60 years will she get the total amount+Monthly pension r she will get only monthly pension…… N if she failed to pay in the middle will she get the amount which she already paid

Reply

Shiv Kukreja June 19, 2015 at 11:45 PM

Hi Rama,
After 60 years, she will get the pension amount. After she passes away, her husband will get the pension amount. After both of them, her nominee will get the corpus amount. She cannot withdraw the balance before 60 years of age.

Reply

Rama June 21, 2015 at 12:16 AM

Thnq sir

Reply

Shiv Kukreja June 21, 2015 at 9:10 PM

You are welcome Rama!

Reply

tilkesh June 18, 2015 at 1:16 PM

Sir.. What is the process for canceling the APY form??

Reply

Shiv Kukreja June 19, 2015 at 11:45 PM

Hi Tilkesh,
You need to check it with your bank or POP-SP.

Reply

Rama June 18, 2015 at 1:20 PM

Is this apy scheme available in post offices?

Reply

Shiv Kukreja June 19, 2015 at 11:48 PM

No Rama, post offices are not opening these accounts.

Reply

Rama June 21, 2015 at 12:17 AM

Thnq sir

Reply

Vipin Kumar June 18, 2015 at 1:30 PM

8.5 lakh at retirement — I will get this corpus + 5k per month as pension or just 5k per month if i dont withdraw that corpus ?

I am 23 yr old

Reply

Shiv Kukreja June 19, 2015 at 11:51 PM

Hi Vipin,
You’ll get only the pension amount of Rs. 5,000 per month. Rs. 8.5 lakh belongs to you only, but your nominee will get it after you. You will not get the corpus amount.

Reply

azhar June 18, 2015 at 2:13 PM

Am govt employee. Am eligible for this scheme?

Reply

Shiv Kukreja June 19, 2015 at 11:51 PM

Yes, you are eligible. But, you will not get the government contribution of up to Rs. 1,000 per month.

Reply

sssharma June 18, 2015 at 4:20 PM

pl.let me know how i can become agent/aggregator fo procuring atal pension yojana business

Reply

Shiv Kukreja June 19, 2015 at 11:52 PM

I have no idea about it, you need to contact PFRDA for the same.

Reply

RanjeetKumar V June 18, 2015 at 7:11 PM

Hi Sir,
In below lines I want to know:
“Only the first bank account holder can apply for this scheme. The other account holder will have to apply from some other bank account??”

Is it possible to apply for APY by Second Joint account holder, bcz she does not have any other bank account instead of this joint account.

And Can I open APY in my other individual Bank account.

Reply

Shiv Kukreja June 19, 2015 at 11:55 PM

Hi Ranjeet,
The second account holder will have to open another account in which she is the primary/first account holder.

Reply

rakesh kr raman June 18, 2015 at 9:57 PM

I am tax payers & have government job under nps can I join npy and my wife is housewife she also join apy?

Reply

Shiv Kukreja June 19, 2015 at 11:58 PM

Every Indian citizen is eligible for this scheme. In your case, you are not eligible for the government contribution and if your wife is not a tax payer and also not covered under any other social security scheme, then she is eligible for the government contribution.

Reply

rakesh kr raman June 18, 2015 at 11:24 PM

I am tax payers & my wife is not yet she can get govment contributing facility of 1000 / annum

Reply

Mehal Gill June 19, 2015 at 2:30 AM

Dear Sir,
One of our family member is working in unorganized sector. If she apply for APY and later on get any govt job, whether she will be allowed to continue with the scheme or not. In this case, she will not meet the eligibility conditions of the scheme (not assessed to IT/not a member of social security scheme). What will happen to the funds deposited in the scheme.

Reply

Shiv Kukreja June 20, 2015 at 12:01 AM

Once she joins the govt job, her account will stop getting the government contribution and run as usual.

Reply

Sanjay Agrahari June 19, 2015 at 8:58 AM

sir
1) Maine toll free number pe call kiya to unhone bataya ki pension ka amount mujhe aur mere wife ko milega. par jo corpus amount 850000 hai wo hamare bachche ko milega aisa koi confirmation nahi hai.
unke hisab se deposit money ka sirf pension milega jab tak husband aur wife jeevit hai.

2) agar main 65 age me death kar jata hu aur meri wife pension na lekar corpus amount lena chahe to kya aisa ho sakta hai?

Reply

Shiv Kukreja June 20, 2015 at 12:03 AM

Hi Sanjay,
1. Deposit money ka pension milega jab tak husband aur wife jeevit hain aur unke baad unke nominee ko corpus amount milega. Ye confirmed hai.
2. Nahin ho sakta. Corpus amount nominee ko hi milega.

Reply

MAHENDREN June 19, 2015 at 1:25 PM

Sir,
I currently in the ADAl scheme. May i open the P.F account in my company. It is compulsorily in my company. HOW CAN I CLOSE MY ADAL YOJANA POLICY.

Reply

Shiv Kukreja June 20, 2015 at 12:05 AM

Your account will mature as you turn 60 years of age.

Reply

jaydip June 19, 2015 at 2:15 PM

hello sir
when i open the APY in canara bank but the bank manger told me that u are already register for NPS scheme but i have no any account in nps. so what can i do in these matter.

Reply

Shiv Kukreja June 20, 2015 at 12:10 AM

Hi Jaydip,
I don’t know how to convince the bank official in this case.

Reply

Krishnendu Ghosh June 19, 2015 at 2:59 PM

Hi,
Shiv Kukreja

I am a business man. I want to open an APY account in the same of my my wife.She is not a tax payer till now.
1.What if she need to pay income tax in near future,how to deal with this Govt. Co Contribution of 1000/-.
As I know gov contribute only for five years to Non tax Payer.
Right now non tax payer..Is there any option to give a declaration in future the moment she pays tax?

2. The mothly contribution for pension 5000/- is 689/-.So does this amount include any Govt contribution..Will it change if made any changes to declaration?

3. How this Gov co contribution works.Does whor r eligible get more than 8.50000.
or who are non eligable get less than thst amount.Is table above show which group of contributers?

Reply

Shiv Kukreja June 20, 2015 at 12:22 AM

Hi Mr. Ghosh,

1. I am not clear how the government will come to know whether the subscriber is a tax payer or not and whether the subscriber is covered under any other social security scheme or not. The system has not been disclosed by the government. In your case, once your wife becomes a tax assessee and you give such declaration, the government should stop its co-contribution.

2. Rs. 5,000 pension amount has been calculated considering the government co-contribution. I think it should fall in the absence of government co-contribution.

3. Table above considers the government co-contribution.

Reply

puran June 19, 2015 at 4:26 PM

dear sir
how long ill get pesion & what about my corpus amount???
pls reply.

Reply

Shiv Kukreja June 20, 2015 at 12:24 AM

Hi Puran,
You’ll get the pension payment life long till you are alive. Corpus amount will be given to your nominee.

Reply

Varun singhania June 19, 2015 at 6:31 PM

Dear sir,
I want to know if a person pays premium for 2 yrs and in any case he dies…does his wife is eligible for pension from the same time.

Reply

Shiv Kukreja June 20, 2015 at 12:25 AM

No Varun, the nominee will get the balance amount with interest earned.

Reply

p.samanta June 20, 2015 at 10:13 AM

i have an account with axis bank can i apply for apy in this bank

Reply

Shiv Kukreja June 21, 2015 at 8:29 PM

Hi Samanta,
You need to check it with your Axis Bank branch.

Reply

alok rungta June 20, 2015 at 4:22 PM

if anybody made payment under this scheme 1 year or more than 1 year after some years he stop the make payment against this scheme then what will the procedure of refund of deposited amount that he earlier made under this schme

Reply

Shiv Kukreja June 21, 2015 at 8:32 PM

Hi Alok,
In case you discontinue depositing amount, your account will get inactive first & closed subsequently. However, I don’t know the procedure to withdraw the balance midway.

Reply

Ashish Pandya June 20, 2015 at 4:51 PM

Can govt employ open this account?

Reply

Shiv Kukreja June 21, 2015 at 8:33 PM

Yes, a government employee can open this account, but will not get the government contribution.

Reply

Saptarshi Chakraborty June 20, 2015 at 7:54 PM

Dear sir,
I am having govt job and thus have nps a/c with pran nos. As per above comments I think I am eligible for apy but without govt. Contribution. My question is can we have two different pran nos possible for one person? One for regular nps and one for apy? And whether both (regular nps+apy) will be combined at the time of retirement?
Please guide. Thank you.

Reply

Shiv Kukreja June 21, 2015 at 8:43 PM

Hi Saptarshi,
The government has made it clear that NPS Lite accounts will be migrated to APY. But, how NPS & APY accounts will co-exist for an individual, it is still not clear. So, you will have to wait some more time for further clarification in this matter.

Reply

Mahesh June 20, 2015 at 11:22 PM

Can I change after my nominee in Atal Pension Yojana scheme? Because cureently I am not married so guardian is my nominee but when i want to change nominee after some years then is it possible or not?

Reply

Shiv Kukreja June 21, 2015 at 8:44 PM

Yes Mahesh, it is allowed to change the nominee in this account.

Reply

Sandhya June 21, 2015 at 7:41 AM

Sir, I am a New Pension Scheme Holder and an Income Tax Payer. Can I Apply for Atal Pension Yojana??????
Whether New Pension Scheme falls under any social security schemes to which this Atal pension yojana does not extend to???
Plz reply soon…as I want to enroll for it immediately…

Reply

Shiv Kukreja June 21, 2015 at 8:47 PM

Hi Sandhya,
Every Indian citizen is eligible for this scheme, so you can get this account opened. However, as you are an income tax payer, you will not get any government contribution in your APY account.

Reply

babu.prince. June 21, 2015 at 1:05 PM

singheshwar.Bihar.

Reply

Raj June 21, 2015 at 4:23 PM

Sir, i am 35 and not married, i want pension, but what about my corpus, can i give my cousin sister, or some friend name in nominee

Reply

Shiv Kukreja June 21, 2015 at 8:52 PM

Hi Raj,
You need to mention the nominee name and your relationship with the nominee in the application form. As long as you are able to do it, you can mention anybody as your nominee.

Reply

vishal singhani June 21, 2015 at 7:44 PM

Dear sir,

I want to know is this corpus amt after account holder death is guaranteed or its related to market value

Reply

Shiv Kukreja June 21, 2015 at 8:56 PM

Hi Vishal,
Corpus amount is guaranteed by the government and it is the minimum amount the nominee will get after the subscriber’s death after 60 years of age. However, depending on the returns it generates, the corpus amount could be higher than the guaranteed amount.

Reply

shashi June 21, 2015 at 9:49 PM

i aleady have swavlamban pension scheme (nps) ..

atal pension yojan & swavlamban scheme both are same are not??

i have nps number ..iam not tax payeer

Reply

Shiv Kukreja June 23, 2015 at 12:13 AM

Hi Shashi,
Atal Pension Yojana & Swavalamban Scheme were two different schemes, but have been merged now.

Reply

Sonu June 22, 2015 at 9:22 AM

Hi Sir,
I have already taken the 2 schemes –>Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
&
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Now just wanted to know that can I go for the 3rd scheme also, Atal Pension Yojana(APY)…
Will there be any problem in getting benefits from all the schemes in future…
Thanks 🙂

Reply

Shiv Kukreja June 23, 2015 at 12:12 AM

Hi Sonu,
If you are eligible for APY, then there won’t be any problem getting benefits from all these schemes.

Reply

Deepak singh June 22, 2015 at 1:02 PM

Can Spouse be a nominee in this scheme ???

Reply

Shiv Kukreja June 23, 2015 at 12:11 AM

Hi Deepak,
It is better to have a nominee other than your spouse.

Reply

Deepak singh June 24, 2015 at 5:46 AM

Thanks so much for your suggestion.

Reply

Shiv Kukreja June 24, 2015 at 8:02 AM

You are welcome Deepak!

Reply

SANTOSH June 22, 2015 at 1:47 PM

sir,
will you please give email ID of Some officials who can help me to Sort out MY problem of Transferring NPS TO ATAL PENSION YOJANA

Reply

Shiv Kukreja June 23, 2015 at 12:10 AM

Hi Santosh,
You can try these toll free numbers for further assistance- 1800-180-1111 / 1800-110-001.

Reply

auchitya pandey June 22, 2015 at 2:11 PM

sir i have opened the pension account on my saving ac 33007682107 monthly installment 752 first instalment has been deducted. today i come to know that income tax payee are not elegible for pension scheme.i am income tax payee.sir what should i do.what is the procedure to close the pension account. please reply and solve my problem

Reply

Shiv Kukreja June 23, 2015 at 12:08 AM

Hi Auchitya,
You need to check the process to close your account with the aggregator or POP-SP.

Reply

jayesh June 22, 2015 at 3:24 PM

Hi
i would like to know the difference between the two pension schemes one which was earlier named swawlamban for people from unorganised sector and one which is now APY.
Is the old swawlamban pension scheme applicable now or all the subscribers are transferred to this APY .
i had applied for NPS swawlamban in april 2014 and would like to continue with the contribution of 1000 per month .
will it be still possible .?

Reply

Shiv Kukreja June 23, 2015 at 12:06 AM

Hi Jayesh,
NPS Swavalamban has been merged with APY. So, you cannot continue with NPS Swavalamban Yojana anymore.

Reply

PUSHPITA June 22, 2015 at 3:50 PM

HELLO SIR,
i just want 2 knw that what if i die before 60 . will my husband get any pension.

Reply

Shiv Kukreja June 23, 2015 at 12:04 AM

Hi Pushpita,
If you die before 60, then your nominee will get the balance amount.

Reply

Hariharan June 22, 2015 at 4:02 PM

Hi,

My wife has an Pan card number. However she was not required to pay taxes as her income is lower than the required eligibility. The pan card was applied six years back and return was filled for two to three years. However since she didnt had any income post the same she is not filling the return. Will she be eligible for this scheme and is for Govt Contribution?

Reply

Shiv Kukreja June 23, 2015 at 12:03 AM

Hi Hariharan,
If your wife is 40 years or below, then she is eligible for this scheme & the government contribution.

Reply

g.venkateswara rao June 22, 2015 at 4:43 PM

Sir; I have 43 age,am I eligible , where have to approach for process

Reply

Shiv Kukreja June 23, 2015 at 12:01 AM

You are not eligible Mr. Rao.

Reply

Shanker June 22, 2015 at 5:26 PM

Dear Sir,

Iam 38 years old, working in a private organisation member of EPF & tax payer. Can i take this policy for Rs.4000/- pension p/m.
Also my wife working & member of EPF and filing returns, is she also eligible for the scheme her age is 35years.

Reply

Shiv Kukreja June 23, 2015 at 12:00 AM

Hi Shanker,
Both of you are eligible. However, you will not get the government co-contributions.

Reply

Navish June 23, 2015 at 8:54 AM

My age is 30 years and i take this scheme. Suppose if i will died in the age of 40 years then what will my nominee get from this scheme.

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Shiv Kukreja June 23, 2015 at 6:41 PM

Hi Navish,
Your nominee will get the balance amount including interest.

Reply

shivaram June 23, 2015 at 5:47 AM

After joining this scheme at a age of 30 years and he dies at 45 years of age …the nominee will get the balance amount ( what do you mean by balance amount) , does this mean accumulated amount ( subscriber contribution and Govt contribution) plus interest?

Reply

Shiv Kukreja June 23, 2015 at 6:44 PM

Yes, that is right Mr. Shivaram.

Reply

Asaraf ansari June 23, 2015 at 6:18 AM

What is the time duration of this scheme(Atal pension yojana).

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Shiv Kukreja June 23, 2015 at 6:45 PM

Hi Asaraf,
You need to contribute till 60 years of age and will get pension till you are alive.

Reply

Samiran Saha June 27, 2015 at 6:19 AM

Kukreja,

Isnt the contribution till 40 years?

Reply

sunil kumar June 23, 2015 at 1:23 PM

pls which banks under scheme wher we apply this scheme
thanks

Reply

amar June 23, 2015 at 3:46 PM

Hi Sunil,

All government banks are giving this facility. Just download and fill the form and visit your nearest bank branch and submit it.

Reply

niranjan June 23, 2015 at 3:02 PM

sir, i am a govt employe.i have CPS but i am not eligible to tax pay .can i apply for atal pension yojana

Reply

Shiv Kukreja June 23, 2015 at 6:50 PM

Hi Niranjan,
You can apply for APY, but I think you will not get the government contribution.

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g.venkateswara rao June 24, 2015 at 7:43 AM

Is it guarantee after this government ? If yes , how ?

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Shiv Kukreja June 24, 2015 at 8:01 AM

Your query is not clear Mr. Rao.

Reply

Jadabendra Dan June 24, 2015 at 9:44 AM

My wife is 37 simply house wife and she is a member of public provident fund account at SBI and not a tax payer. is she is eligible for this pension scheme or not.
jadabendra dan

Reply

Shiv Kukreja June 24, 2015 at 6:19 PM

Yes, she is eligible for this scheme.

Reply

prakash kumar June 24, 2015 at 2:01 PM

Sir kindly guide me that can anybody open nps swalamban accounts after 31march2015.

Reply

Shiv Kukreja June 24, 2015 at 6:20 PM

NPS Swavalamban Yojana has been discontinued now.

Reply

sanjay shukla June 24, 2015 at 4:13 PM

Dear Sir
My age is now 46 years can I enroll for APY (ATAL PENSION YOJNA).I can pay more monthly payment as applicable.
My wife age is now 40 years 2 months can she enroll in APY
pl. suggest.

s.k.shukla

Reply

Shiv Kukreja June 24, 2015 at 6:27 PM

Hi Sanjay,
You are not eligible for this scheme. However, your wife is eligible for this scheme.

Reply

Deepak singh June 25, 2015 at 2:34 AM

Dear Sir,
My wife age is 30 year 7 months. which age slab(below) is applicable to get 5000 Rs. pension.?
1. Age 30 years … Premium 577 rs.
2. Age 31 years … Premium 630 rs.

Reply

Shiv Kukreja June 25, 2015 at 7:06 AM

Hi Deepak,
It is Rs. 577 annual contribution.

Reply

Bhaskar Ray June 25, 2015 at 5:54 AM

Dear Sir,
I am a 38 years old central govt employee under NPS. I have also PRAN account. My spouse is house wife and she is not a tax prayer. But her age as on June 2015 is 40 years 4 months. Please guide whether we both are eligible for APY scheme? Or any of us can open APY account?

Reply

Shiv Kukreja June 25, 2015 at 7:09 AM

Hi Bhaskar,
Both of you are eligible for APY, but you won’t get the government contribution.

Reply

Bhaskar Ray June 25, 2015 at 7:20 AM

Dear Sir,
Thanks for your immediate reply. I have already collected APY format from Bank Of India where it is clearly mentioned that applicant born before 01.06.1975 are not eligible. If you have any authentic document then please share with me so that I can produce it to concerned Bank.

Reply

Shiv Kukreja June 26, 2015 at 11:02 AM

Hi Bhaskar,
One of the readers, Mr. Nitesh Patel, got his account opened with Date of Birth 05/05/1975. As per the info I have, age in your case is taken as 40 years (age nearer birthday). But, it is still possible what you are telling me.

Reply

ramen dey June 25, 2015 at 6:32 AM

can i change my nominee in future & it is mandatory to nominee in spouse.

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Shiv Kukreja June 25, 2015 at 7:14 AM

Yes Ramen, you can change your nominee in future. Also, it is better to nominate somebody other than your spouse to be your nominee.

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Manigandan June 25, 2015 at 8:14 AM

Hello sir, i am 30 yrs old. Could u pls explain how much will be govt. contribution under 462 p/m plan and what will happen if i died before the age 60.

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Shiv Kukreja June 26, 2015 at 10:09 AM

Hi Manigandan,
Government’s annual contribution would be Rs. 1,000. If you die before 60, your nominee will get the balance amount with interest.

Reply

Sanjeeb Narayan Das June 25, 2015 at 9:56 AM

Sir,
If husband and wife both join in atal pension yojana, after 60 years husband death, wife can receive husband’s pension.

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Shiv Kukreja June 26, 2015 at 10:11 AM

Yes Sanjeeb, it is possible.

Reply

RATHEESH June 25, 2015 at 10:20 AM

can get total amount payed after 60

Reply

Pavan Kumar June 25, 2015 at 10:42 AM

Dear sir
after completing 60 years
can I get total amount at a time.
I.e (5000 pen 850000)

Reply

Shiv Kukreja June 26, 2015 at 10:12 AM

No Pavan, you’ll get pension amount only. After you, your nominee will get the corpus.

Reply

Rakesh Malhotra June 25, 2015 at 11:19 AM

Sir,

I have just completed my 40 year in March-15.

Can I be eligible?

Regards

Reply

Shiv Kukreja June 26, 2015 at 11:04 AM

Hi Rakesh,
As per the info I have, you are eligible. Please confirm it with any of the aggregators.

Reply

vigneshwaran June 25, 2015 at 11:28 AM

Hi sir,

What you are mean Government Contributions ?

Reply

Shiv Kukreja June 26, 2015 at 11:05 AM

Hi Vigneshwaran,
Please check the post above to understand government contributions.

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vigneshwaran June 25, 2015 at 11:36 AM

Hi bhaskar ,

I am 23 age person working in IT sector . I am a member of Employee provident fund.
yes , i know i am eligible for atal yojna scheme . but you are saying that you will not get government contributions. What is it mean ? i will get Pesnsion right after 60 years ?

Reply

Kumar June 25, 2015 at 12:41 PM

i have joined recently PM Jan Suraksha Beema Yojana and PM Jeevan Jyoti Beema Yojana and also I have a PPF account in SBI but i m not tax payer. Please let me know whether i can participate in APY and whether i will get the Government contribution?

Reply

Shiv Kukreja July 1, 2015 at 6:07 PM

Hi Kumar,
Every Indian Citizen, aged 40 years or less, is eligible for this scheme. If you are not covered under any other social security scheme, then you are eligible for the government contribution.

Reply

saju June 25, 2015 at 1:01 PM

Hi

If i fill the normal form for Atal pension,did bank will open my PRAN account or i have to submit another form for opening PRAN first..

Reply

Shiv Kukreja July 1, 2015 at 6:07 PM

Hi Saju,
You need to check it with the bank.

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Roshan June 25, 2015 at 6:17 PM

I am a central government employee and a NPS subscriber and aged 28 years. My wife is employed in private firm and aged 31 years. Both of us are income tax payee. Can both of us join the scheme. I understand that we will not get govt. contribution.

Reply

Shiv Kukreja July 1, 2015 at 6:08 PM

Yes Roshan, you can join this scheme.

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suresh June 25, 2015 at 6:36 PM

sir,
I am NRI .Iam egible for this scheme(Adal pension yojana)

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Shiv Kukreja July 1, 2015 at 6:08 PM

No Suresh, NRIs are not eligible for this scheme.

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raj June 26, 2015 at 5:49 AM

My birthdate z 18 nov 1974 am i eligible for atal pension scheme

Reply

raj June 26, 2015 at 5:50 AM

My birthdate is 18th nov 1974 am i eligible for atal pension scheme

Reply

Shiv Kukreja July 1, 2015 at 6:09 PM

No Raj, you are not eligible for this scheme.

Reply

Krishna Samanta June 26, 2015 at 8:16 AM

I am a government employee and I am a member of provident fund but due to low salary,income tax is not deducted from my salary till date,but on attaining higher salary income tax will be deducted.So whether i would join APY or not?
if yes,My age is 24years 4months.So for 5000/m which slab is applicable—–for age 24yrs RS 346/m or for 25yrs Rs 376/m?
If i die anytime before 60yrs what type of benefit would my nominee(say spouse) get and how to apply for that?

Reply

Shiv Kukreja July 1, 2015 at 6:11 PM

Hi Krishna,
As you are already covered under PF scheme, you will not get the government contribution of up to Rs. 1,000 per annum. If you die before 60, your nominee will get the balance amount lying in the account.

Reply

Puja Ghosh June 26, 2015 at 8:23 AM

I am a LIC agent.
Whether i am applicable to join APY or not?
Whether i would get govt. contribution or not?
I am married.Can i make my husband my nominee?
If i die anytime before 60yrs what type of benefit would my husband get?

Reply

Shiv Kukreja July 1, 2015 at 6:16 PM

Hi Puja,
1. Every Indian Citizen, aged 40 years or less, is eligible for this scheme.
2. If you are not required to pay income tax or you are not covered under any other social security scheme, then you’ll be eligible for the government contribution.
3. As the spouse will get the pension in your absence after 60, it is better to have your son/daughter to be the nominee.
4. Your nominee will get the balance amount with interest.

Reply

Ashok Kumar Sahoo June 26, 2015 at 9:31 AM

Dear Sir
My self working in PSU and my wife is house wife. Whether we both are eligible for Atal pension scheme ?
Further, after the death of the husband after 60 ,can wife get both the pension.

Reply

Shiv Kukreja July 1, 2015 at 6:21 PM

Yes Mr. Sahoo, after the death of the husband after 60, his wife can claim both the pensions.

Reply

nitesh patel June 26, 2015 at 12:03 PM

yes shiv my birth date is 5 – 5 – 1975 and my instalment of 1454 has been deducted from my saving account of dena bank so how can be possible one bank is accepting the birth date before 1 -6-1976 and the other bank is denige the rules are same for me and mr bhasker isn’t true shiv and I have also issued a pran number copy as a proof from my bank manager and he said that it is 100% comfer that you will get all benefits under this scheme because your instalment has been deducted from the system

Reply

Shiv Kukreja July 1, 2015 at 6:29 PM

Hi Nitesh,
I don’t think Bhaskar is lying about it. I am sure the form he has got from the Bank of India branch carries the date of birth to be 01.06.1975 or before. Probably, the bank has mistakenly printed it to be 01.06.1975.

Reply

Samiran Saha June 27, 2015 at 5:59 AM

Hi,

My current age is 29 years and I have started to invest in this pension scheme.

How many years will this continue? and from what age will I start getting pension? How many years will I receive pension?

Reply

Shiv Kukreja July 1, 2015 at 6:32 PM

Hi Samiran,
You need to deposit money for 31 years till you turn 60. You’ll start getting pension from 60 years of age and will keep getting it till you are alive.

Reply

Samiran Saha July 6, 2015 at 10:13 AM

Thanks Shiv.

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jyoti June 27, 2015 at 8:58 AM

sir i am a 26 year old goverment teacher i am eligible for this pension yojna

Reply

Shiv Kukreja July 1, 2015 at 6:33 PM

Yes Jyoti, every Indian citizen, aged 40 years or less, is eligible for this scheme.

Reply

honnurappa June 27, 2015 at 10:57 AM

Sir my date birth is 23/07/1975 may i eligible for APY Scheme

Reply

Shiv Kukreja July 1, 2015 at 6:34 PM

Yes Honnurappa, you are eligible for this scheme.

Reply

sachin khairnar June 27, 2015 at 12:31 PM

Sir
I am working in pvt ltd company my age is 31 i know that i can subscribe atal pension yojana but my wife who is 30 yrs old and simply house wife can she subscribe this yojana. If yes then can we both getting 5000 each as pension if we monthly invest 577 rs
Another question is what happen if i died between 31 to 60. Can my wife getting my 5000 rs pension per month or my nominee who is my son which is now 4 yrs getting accumilated amount and benifit. Plz plz help and reply. Thanking you
Regards sachin

Reply

Shiv Kukreja July 1, 2015 at 6:38 PM

Hi Sachin,
1. If both of you get the government contribution, then you’ll get the pension amount of Rs. 5,000 per month as per your respective contributions.
2. If you die between 31 to 60, your nominee will get the balance amount with interest.

Reply

amit kumar June 28, 2015 at 2:13 PM

“Indicative Return of Corpus to the nominee of the subscribers” ……what is this I have not understood that please explain…next question ……till I die I will have pension or not?……and last question if government changes the scheme will be valid or not?I mean if next government comes and stops the scheme what to do?

Reply

Shiv Kukreja July 1, 2015 at 6:44 PM

Hi Amit,
1. Corpus is the accumulated balance amount which your nominee will get in your absence after you turn 60. This accumulated amount is the result of your own contributions per month based on your entry age.
2 You’ll get the pension amount non-stop till you are alive.
3. My knowledge is as good as yours in this matter. So, I don’t know what will happen & what to do if the NDA government gets replaced with some other party.

Reply

amit mishra June 28, 2015 at 6:24 PM

Indicative Return of Corpus to the nominee of the subscribers …,what is meaning of this….. second question…….my wufe is below40 and only have account in SBI…so willshe is eligible for government contribution…and government will pay what 50? or rupees 1000 per annum?

Reply

REGINA June 28, 2015 at 6:44 PM

I am 40 years 5 months i want to know if I am eligible for the Atal pension
Yojana scheme

Reply

Shiv Kukreja July 1, 2015 at 6:45 PM

You need to get it confirmed with any of the aggregators Regina.

Reply

Amit kumar De June 29, 2015 at 1:25 PM

Monthly pension and one time money both are given or any one

Reply

Shiv Kukreja July 1, 2015 at 6:46 PM

Hi Amit,
Both of them get paid, pension, till you are alive and corpus, to your nominee.

Reply

Prasant Kumar Parida June 30, 2015 at 6:12 AM

Sir/ Madam,

I am employee of private company and member of EPF but my wife is house wife age of 30 years , can she eligible for APY ?

Reply

Shiv Kukreja July 1, 2015 at 6:54 PM

Hi Prasant,
Every Indian citizen is eligible for this scheme. If your wife is not a tax payer and not covered under any other social security scheme, then she is eligible for the government contribution.

Reply

Prasant Kumar Parida June 30, 2015 at 6:20 AM

Sir/ Madam,
I am working in private company and also member of EPF but my wife house wife age of 30 years, can she eligible for APY

Reply

vela June 30, 2015 at 7:55 AM

Hi , My date of birth is 5th Dec 1974 , Am i eligible for the PM Atal Pension Yojana ?

Reply

Shiv Kukreja July 1, 2015 at 6:56 PM

Hi Vela,
You need to check it with any of the aggregators.

Reply

Bhatt jayesh June 30, 2015 at 3:27 PM

Sir i need to know about cancle account.
If i join dis sceeme and then after i want to cancle or give up then have any option??

Reply

Shiv Kukreja July 1, 2015 at 6:57 PM

Hi Jayesh,
I don’t think there is a way to cancel/close this account. You need to check it with an aggregator.

Reply

siddeswara.M.V. July 1, 2015 at 4:06 AM

Dear sir,

while opening Bank account i have given pan card and aadhar card which was stating the date of birth 12.06.1981 but my orginal date of birth as my sslc marks card was 12.06.1979 .
so for which date of birth i have to apply for this scheme.

Reply

Shiv Kukreja July 1, 2015 at 6:59 PM

Hi Siddeswara,
You need to check it with the aggregator.

Reply

Atul July 1, 2015 at 5:09 AM

1.Sir , what if I will get gov job then, is gov contribution will get me or not In future.

2.is there any option to change nominee name after some year

Reply

Shiv Kukreja July 1, 2015 at 7:01 PM

Hi Atul,
1. Once you get a job with PF benefits, the government will stop contributing to your account.
2. Yes, you can change your nominee in future.

Reply

mousumi chandra July 2, 2015 at 2:02 AM

I joined apy in allahabad bank from jun 2015. I subscribe for 1000 per month pension.now I want to increase my subscription to 5000 per month pension. What I should do?.

Reply

Shiv Kukreja July 2, 2015 at 3:56 PM

Hi Mousumi,
You can increase your contribution amount only once in a year in the month of April.

Reply

Atul July 2, 2015 at 4:26 AM

Thanks sir for your answer
1.what are the changes happen with their pension if one person getting government contribution and second person who get gov job after oprning APY and gov stop contributing 1000 rs in second person acc…so will there any changes in there pension after 60 year?

2. Is bank giving some acknowledgment or any certificate after opning APY?

3. What are the documents to be attach with APY form

Reply

Shiv Kukreja July 2, 2015 at 3:59 PM

1. Yes Atul, there will be a nominal difference in the pension amount.
2. Yes, you will get the periodic statements for the same. You’ll also receive SMS updates.
3. Required documents are mentioned in the application form.

Reply

akshya July 2, 2015 at 6:22 AM

I am a govt sevent. Ican open this scheme

Reply

monali July 2, 2015 at 6:41 AM

Dear sir,
I’m 28 yrs old and I’m not a tax payer / PPF account holder as well.
But what if I open acc for this APY & in next year if i wish to open acc for PPF then will I be eligible for govt. contribution for APY thereafter?
And Is NRI eligible for this APY?

Reply

Shiv Kukreja July 2, 2015 at 4:02 PM

Hi Monali,
1. I think you’ll get the government contribution in case you have PPF account. But, if you are working & have EPF account, then you are not eligible for the government contribution.
2. NRIs are not eligible for this scheme.

Reply

Partha Ghosh July 2, 2015 at 6:50 AM

If someone’s Date of Birth is 27th may 1975 (just crossed 40) will the person be eligible to join Atal Pension Yojna

Reply

Shiv Kukreja July 2, 2015 at 2:48 PM

Hi Partha,
Yes, a person with DoB 27th May 2015 would be eligible for this scheme.

Reply

Murugesh July 2, 2015 at 9:23 AM

Hello sir,

my self and my wife have 39 & 37 age respectively. both of us have a PAN card. but past 4-5 years we not written the income tax. because of income down. now we are eligible for APY or not. and i have a bank a/c. with Axis only. so i can apply this bank or nationalized bank only. if nationalized bank only means can i open any saving account in this bank is mandatory?

Reply

Shiv Kukreja July 2, 2015 at 2:50 PM

Hi Murugesh,
You both are eligible for this scheme. Also, you can open this account in any of the banks which are providing services for it.

Reply

umesh Kesarwani July 2, 2015 at 11:50 AM

sir
my wife is a state govt. Teacher but she is join job in 2005. can she applied in atal pension scheem..
she have not any govt. pension scheem till date..
she can applly in APY scheem for future benefit.

Umesh Kesarwani
9026066463
02.07.2015

Reply

Shiv Kukreja July 2, 2015 at 2:52 PM

Yes Umesh, your wife is eligible. But, if your wife is a tax payer, then she is not eligible for the government contribution.

Reply

kailash rout July 2, 2015 at 1:41 PM

I am working in a pvt sector and I have epf a/c. Can I take this APY

Reply

Shiv Kukreja July 2, 2015 at 2:56 PM

Hi Kailash,
You are eligible for this scheme. But, you are not eligible for the government contribution.

Reply

Nupur Singh July 2, 2015 at 4:10 PM

Today I am not a tax payer and after few years if I become a tax payer so will I benefit from this plan as well as, will I be eligible to continue if I start coming into the category of tax payer.

Reply

Shiv Kukreja July 2, 2015 at 4:22 PM

Yes, you can continue with the scheme in that case, but you’ll not get the government contribution.

Reply

santu debnath July 2, 2015 at 4:17 PM

I am primary teacher of state govt. West Bengal , can I apply apy. Or this is only unemployed.

Reply

Shiv Kukreja July 2, 2015 at 4:23 PM

Hi Santu,
You can apply for this scheme, but you’ll not get the government contribution.

Reply

piyush July 2, 2015 at 6:18 PM

where can we claim for the money.. when we need it back

Reply

Shiv Kukreja July 4, 2015 at 4:52 PM

Hi Piyush,
You need to approach the aggregator where your account is held.

Reply

Prashant b Shedge July 3, 2015 at 5:41 AM

I’m intaerestet in pansin palan

Reply

Shiv Kukreja July 4, 2015 at 4:57 PM

Hi Prashant,
You need to approach the nearest POP – SP for the same – https://npscra.nsdl.co.in/pop-sp.php

Reply

GOUTAM July 3, 2015 at 12:02 PM

Can I change the nominee name in Atal Pension Yojana? If yes, when and how many times?

Reply

Shiv Kukreja July 4, 2015 at 5:02 PM

Yes Goutam, you can change the nominee as & when you want.

Reply

Sanjeeb Narayan Das July 4, 2015 at 6:23 AM

Sir,
Now I join Atal Pension Yojana, after 5 years i have a service and EPFO deduct my salary. Can the yajana continue or close?

Reply

Shiv Kukreja July 4, 2015 at 5:03 PM

Hi Sanjeeb,
You can continue your account even after you join some service.

Reply

Sonu July 4, 2015 at 7:14 AM

Dear Sir,
Can I apply for the APY online, if yes please provide me the link for that one.

Thanks and Regards
Sonu

Reply

Shiv Kukreja July 4, 2015 at 5:40 PM

Hi Sonu,
Online application facility is not there.

Reply

Siddharth July 4, 2015 at 5:26 PM

I am 23 age person working in IT sector . I am a member of Employee provident fund.
yes , i know i am eligible for atal yojna scheme . but you are saying that you will not get government contributions. What is it mean ? i will get Pesnsion right after 60 years ?

Reply

Shiv Kukreja July 6, 2015 at 8:08 AM

Yes Siddharth, you’ll get pension right after 60 years. Also, the government contributes Rs. 1,000 per annum to the eligible subscribers. As you are a member of the EPF, you are not eligible for the government contribution.

Reply

Satish July 6, 2015 at 7:18 AM

Sir,
I have already opened Swawalambhan Account to my Name, Age:30.
The Bank has not yet approached for switching to APY from NPS Lite.
Can I keep my NPS Lite Account continued if I do not want to Switch Over or Will I be forced to Close my NPS Lite Account.
No proper details has been provided for subscribers below 40 Years, who want to keep and continue with NPS Lite.

Reply

Shiv Kukreja July 6, 2015 at 8:10 AM

Hi Satish,
The existing subscribers of Swavalamban Scheme – NPS Lite would be automatically migrated to APY, unless they opt out. So, your account will also be migrated to APY.

Reply

Satish July 6, 2015 at 11:57 AM

Sir,
What is the meaning of “opt out”.
Would it mean I can continue with NPS Lite Swawalmbhan or Would I be asked to quit from this investment and withdraw the amount I have deposited.
And if I am supposed to be automatically migrated, what monthly contribution shall be selected by Default.
Sir, Do you not think that A person who turns say 30, on january can save a lot of contribtion amount by selecting this scheme somewhere around a few months before his birthday.What would be the strategy for a man who contributes the same amount for a longer time, since he has not understood the Mathematics of saving in this scheme.Because I think it would be better for any body who wants to dig in this scheme, to do so a few months before their birthday rather than opting right after their birthday

Reply

satish July 6, 2015 at 12:29 PM

Sir,
What is the meaning of “opt out”.
Would it mean I can continue with NPS Lite Swawalmbhan or Would I be asked to quit from this investment and withdraw the amount I have deposited.
And if I am supposed to be automatically migrated, what monthly contribution shall be selected by Default.
Sir, Do you not think that A person who turns say 30, on january can save a lot of contribtion amount by selecting this scheme somewhere around a few months before his birthday.What would be the strategy for a man who contributes the same amount for a longer time, since he has not understood the Mathematics of saving in this scheme.Because I think it would be better for any body who wants to dig in this scheme, to do so a few months before their birthday rather than opting right after their birthday

Reply

Shiv Kukreja July 10, 2015 at 3:21 PM

Hi Satish,
“Opt Out” means that if you want, you are free not to join Atal Pension Yojana. But, you can no longer continue with NPS Lite. For contribution details, you need to contact the aggregator where your account is held. Also, if I have understood this scheme correctly, then a person, who joins early, will have a higher corpus & a higher pension amount than a late joiner. Pension amounts mentioned in the table above are guaranteed amounts.

Reply

Deven Joshi July 6, 2015 at 9:51 AM

what happens to our investments if the goverment in power changes/collapses.
How safe is our investment?

Reply

Shiv Kukreja July 10, 2015 at 3:24 PM

Hi Deven,
I think investment in this scheme is quite safe. Also, nobody knows what will happen to this scheme if there is a change in the government.

Reply

Ranjan Kumar Behera July 6, 2015 at 11:11 AM

Sir
I have opened APY in my saving account. But I have not got my PRAN number and also PRAN card. How to get PRAN no. ? When asking bank manager, he told that I don’t know.
Right now I have paid Rs. 689/- per month. Can show this amount for Income Tax return ?

Reply

Shiv Kukreja July 10, 2015 at 3:30 PM

Hi Ranjan,
You need to contact the aggregator for your account details. Also, there is no exemption with this scheme while filing ITR.

Reply

Dhiraj July 6, 2015 at 12:23 PM

Sir,

What is the contribution for 5,000 pension for month… as my age is 35..

Reply

Shiv Kukreja July 10, 2015 at 3:31 PM

Hi Dhiraj,
Please check the table above, it is Rs. 902.

Reply

afsu July 7, 2015 at 10:35 AM

Sir,
I am NRI. Can i get morethan 5000 pension plan? or can i apply 2 pension?
our expence after 37 years will be more and more.
where you going to invest this money?. is it going share market!!!

Reply

Shiv Kukreja July 10, 2015 at 3:55 PM

Hi Afsu,
You cannot open two APY accounts. Rs. 5,000 is the guaranteed pension amount you’ll get. However, it could be more than that. It has not been announced where the PFRDA is going to invest this money. I don’t think they are allowed to invest this money in stocks as yet.

Reply

Vipin Ahuja July 7, 2015 at 11:21 AM

Hi Shiv,

I just have 2 questions regarding APY,
1. Can i add addition amount in my NPS account opend under APY as this year 50K is excempt from TAX if invested in NPS.
2. will i get any kind of Tax benfit if invest in NPS under APY.

Thanks

Reply

Shiv Kukreja July 10, 2015 at 3:57 PM

Hi Vipin,
1. APY is not NPS. NPS is a different scheme.
2. No tax benefits are there for investment in APY.

Reply

soumya July 7, 2015 at 1:42 PM

Sir,
I am 24year old and my income is 10,000 per month. I don’t pay task. I am unmarried. No wife no children. Do this plan useful for me? If yes now to whom I will keep nominee?

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Shiv Kukreja July 10, 2015 at 4:04 PM

Hi Soumya,
You can make your parents as your nominee. I think this is not a great long-term scheme to invest in.

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Sambhu Dutta July 8, 2015 at 9:45 AM

Dear Sir,
A man who is working with a private company where no pension facility is there and aged 50 +, what is the option for him towards Pension Plan ? if any suitable scheme for him. Please advise.

Regards

Reply

Shiv Kukreja July 10, 2015 at 4:15 PM

Hi Mr. Sambhu,
Mutual Fund SIPs are good for investments.

Reply

Tushar July 9, 2015 at 6:33 AM

Hi,
If a subscriber dies before reaching age of 60 yrs, then his nominee would receive lump sum amount. My question is how much the nominee will receive
a) only monthly contribution made by subscriber till date
Or
b) monthly contribution made by subscriber till date plus IRR of 0.66 pm ( i.e. Interest component on his monthly contribution).

Thanks

Reply

Shiv Kukreja July 10, 2015 at 4:20 PM

Hi Tushar,
Nominee will also get the interest amount on contributions made.

Reply

Avik July 9, 2015 at 7:30 AM

Hi,

I have joined APY and received PRAN no on mobile. Also the amount from my account get credited to APY account. Now I have mailed APY team and asked whether I will get any physical PRAN card or Electronic PRAN card. But their answer is negetive. So my question is if I dont have any PRAN card, any documents, how do I claim my pension after 60 yrs? After my death how my spouse and child will claim the pension and corpus amount? Please clarify my doubts…

Reply

Shiv Kukreja July 10, 2015 at 4:22 PM

Hi Avik,
You’ll get your physical PRAN card & physical statements as well in which all the details would be mentioned.

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Avik July 10, 2015 at 4:34 PM

Thank you so much for your reply. I have mailed APY guys and they replied that “Dear Subscriber,

This has reference to your email, regarding non receipt of PRAN card for PRAN: 5**************.

In this regard, we wish to inform you that we have verified our records and it has been observed that your PRAN 5******** is registered under Atal Pension Yojana (APY). Currently, under APY, there is no provision to send PRAN card/I-PIN and T-PIN to the subscriber.”

Reply

Shiv Kukreja July 11, 2015 at 10:35 AM

Hi Avik,
As the scheme is new, they are not issuing it as of now. But, later on it will get issued.

Reply

Prabha shankar choudhary July 10, 2015 at 6:57 AM

If death in mid of the policy what is the process of nominee Pension

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Avik July 10, 2015 at 3:31 PM

Hi Prabha,

As per my information the nominee will get the total corpus accumulated till date.

Reply

Shiv Kukreja July 10, 2015 at 4:23 PM

Thanks Avik!

Reply

Bharat July 10, 2015 at 10:51 AM

Thanks…..

Reply

Bharat July 10, 2015 at 10:51 AM

Support me this chart…

Reply

tarlika July 11, 2015 at 5:18 AM

Hi shiv ,
I have started paying monthly installments for A.P.Y. according to my age but Unfortunately I have deleted the message in which I got PRAN nomber.
So ,Can I get my PRAN number from bank or any where?

Reply

Shiv Kukreja July 11, 2015 at 9:56 AM

Hi Tarlika,
Yes, you can get your PRAN no. from the aggregator with which you’ve opened this account. You’ll also get the physical statement for the same in which the PRAN number will be mentioned.

Reply

tarlika July 11, 2015 at 12:15 PM

I am not getting u properly.Please explain the term “aggregator “.The Bank has given me a temporary receipt and in the receipt there is a explanation that “Please collect your Acknoledgement and PRAN from the branch”.This Receipt doesnot containing pran number.

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tarlika July 11, 2015 at 12:19 PM

I asked at my bank but they are saying that this is not as much important,account have started debiting monthly installments so you are enrolled.but I am not sure about their answer.

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Shiv Kukreja July 11, 2015 at 12:29 PM

You should not be worried about it. Your bank is right, your account has started and sooner or later, you’ll get your PRAN number.

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Shiv Kukreja July 11, 2015 at 12:27 PM

In your case, your bank is the aggregator and you need to ask the branch staff to provide you your PRAN number.

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tarlika July 13, 2015 at 11:39 AM

Thank u very much Shiv.

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Shiv Kukreja July 15, 2015 at 8:42 AM

You are welcome Tarlika!

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Avik July 11, 2015 at 4:15 PM

Tarlika,

You could find the PRAN no mentioned in the bank statement where they mention the transaction ID for the deduction of the premium. The Last 12 digit of the transaction ID is actually your PRAN No.

Reply

tarlika July 13, 2015 at 11:41 AM

Thanks for help Avik.

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Dipankar Majumdar July 11, 2015 at 7:14 AM

Please confirm what is government contribution? Can we take this scheme if we have PF A/C & am a Tax Payer.

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Shiv Kukreja July 11, 2015 at 10:44 AM

Hi Dipankar,
The government is contributing up to Rs. 1,000 per annum for 5 years to those accounts which belong to the unorganised sector. As you are covered under EPF and a tax payer, you’ll not get such contribution.

Reply

Arup July 11, 2015 at 11:23 AM

Suppose today I am not a tax payer and opened the APY A/C but after few years if I become a tax payer in that case will I be eligible to continue the A/C with same benefit.

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Shiv Kukreja July 11, 2015 at 11:39 AM

Hi Arup,
Once you become a tax payer, the government will stop making its contributions. Rest all benefits will remain.

Reply

piyush July 11, 2015 at 1:35 PM

Can I join both NPS through my employer and APY in my saving bank account?

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Shiv Kukreja July 15, 2015 at 8:43 AM

Yes Piyush, you can do so. But, you won’t get any government contribution.

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Nooruddin July 11, 2015 at 5:40 PM

Hello sir,
First of all I have to join APY plan. So, first I need to fill the application form and then I have to submit to the bank which I have a bank account.

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salil mitra July 12, 2015 at 6:27 AM

IF SOMEONE AGE IS 40 YRS. HE PAY 291/- PM FOR 20 YRS. AND GET 1.70 LAKH CORPUS FUND FROM APY SCHEME (I.E RATE OF INTEREST IS 7.93% APPROX)
IF THE SAME PERSON MADE A RECURRING DEPOSIT A/C OF RS. 291/- FOR 20 YRS. HOW MANY CORPUS FUND IS GENERATD? IF HE INVEST THE CORPUS AMOUNT IN MIS (BANK OR PO) SCHEME AFTER 20 YRS, WHICH IS BETTER FOR HIM APY OR NORMAL RECURRING DEPOSITE? WHAT IS THE RATE OF INTEREST OF APY SCHEME ?

Reply

PARIMAL July 12, 2015 at 10:05 AM

Dear Sir,

I would like to tell you that the Indian Government has been introduced a very good Scheme : (Atal Pension Yojana 2015) to our low income Indian citizen.

In order to avail this APY scheme, I have some below quires:

1. Currently I’m working with a Private company and they are deducting PF amount from my salary in every month, so, in that case, Can I avail APY Scheme 2015 ?
2. For financail issue if I can’t contribute to APY Scheme in future, in that case, Shall I get the scheme benefit and what is the procedure of the refund amount ?
Thanks & Regards
Parimal Das

Reply

Shiv Kukreja July 15, 2015 at 8:59 AM

Hi Parimal,
1. You can join APY, but you won’t get the government contribution.
2. You cannot withdraw money from this account before 60 years of age. In case you are not able to contribute on a regular basis, the account could become inactive.

Reply

Priya July 12, 2015 at 9:48 PM

We have started yojana scheme in our mother name she give her son name as nominee but now she wanted to change the nominee to her daughter name if we approach the bank the staff are not accepting to alter it ,but it’s our rights to do os help please

Reply

Shiv Kukreja July 15, 2015 at 9:09 AM

Hi Priya,
You need to approach the bank itself to get the nominee details changed. In case the bank doesn’t cooperate, you can approach PFRDA to register your complaint.

Reply

V. P. Soni July 13, 2015 at 4:47 AM

Sir please tell me If I am not elligeble for govt contribution due to continuetion of provident fund, then there is any iffect on my pension figur for which I paid a determine figure.
Are there extra benifit if I pay in advance premium for 24 month

Reply

Shiv Kukreja July 15, 2015 at 9:14 AM

Hi Mr. Soni,
1. If your account doesn’t get the government contribution, then your pension amount will be lower than the pension amount you would have got had your account received the government contribution.
2. There is no option to make advance contributions.

Reply

Avik Sinha July 13, 2015 at 8:13 AM

where can I get the physical statement of transaction of atal pension yojana?

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Shiv Kukreja July 15, 2015 at 9:15 AM

Hi Avik,
You will either get the physical statement delivered at your address or you can get it from the aggregator.

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kanchan July 13, 2015 at 8:57 AM

what wil happen, if ill break this scheme before completing 60 years?
what will be the next process for accumulated amount?

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Shiv Kukreja July 15, 2015 at 9:17 AM

Hi Kanchan,
You cannot break this scheme before 60 years of age.

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Mukesh kasera July 14, 2015 at 8:10 AM

I already exist swavalaban yojna and i have PRAN no. I will fill a form of atal pension yojna what to,do me

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Ramprasad S July 14, 2015 at 12:18 PM

A word of caution and suggestion to subscribers who are intending to migrate from Swavalamban to APY. If you allow your account to migrate from Swavalamban to APY, the balance so transferred from Swavalamban to APY will be stuck forever and you will neither be able to withdraw that amount nor will earn any interest on that Swavalamban amount. The transferred amount will be kept separately in APY and will not be adjusted to monthly contribution under APY and will not be paid to subscriber. Whether the same will be paid to subscriber after 60 years is also not sure. CRA is not confirming on this. So your Swavalamban amount will be at risk of loosing. Hence it is my advise to all subscribers to withdraw their amount by closing NPS-Swavalamban account (opting out of NPS Swavalamban) and to open APY account afresh so that they can get back their entire amount balance accrued in their Swavalamban account.

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Shiv Kukreja July 15, 2015 at 9:22 AM

Hi Ramprasad,
I don’t think the problem would be so severe. I think the amount would earn interest and you could withdraw the amount at the age of 60.

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Ramprasad S July 16, 2015 at 10:58 AM

Hi Shiv, I had several e-mail interaction with CRA(i.e., NSDL) and they are not confirming on whether we get back Swavalamban amount on attainment of 60 years or not. Now my Swavalamban amount is stuck forever in APY after migration. No clarity is emerging on this issue either from PFRDA or NSDL.

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nitesh July 15, 2015 at 6:30 AM

dear shiv nhpc has already raised 1500 crore by issuing bonds tomorrow though private placement with coupon rate of 8.50 so can we accept similar coupon rates in upcoming taxfree bond 2015 I have invested heavily 13-14 taxfree bond of nhb tf2014 and is currently trading at a premium of 1200 per bond so I will need your advice this year also

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Shiv Kukreja July 15, 2015 at 9:45 AM

Hi Nitesh,
It is PFC, and not NHPC, which has raised the money through a private placement. Also, I’ll cover these issues as their details get announced.

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arup July 15, 2015 at 11:19 AM

One question- is there any different between EPF & FP? or both are same.

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RAVI SHANKER July 15, 2015 at 11:37 AM

I am a govt. employee and joined service after 1-jan-2004 and thus subscriber of NPS(National Pension System) and have PRAN no. as well as PRAN card alloted to me. I am also I. tax payer. Can I join APY and can anyone have 2 PRAN no.?

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Shiv Kukreja July 25, 2015 at 5:35 AM

Hi Ravi,
You can join APY, but you won’t get the government contribution.

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arup July 15, 2015 at 1:02 PM

Is there any difference between EPF & FP?

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Shiv Kukreja July 15, 2015 at 2:11 PM

What is FP Arup?

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arup July 16, 2015 at 8:42 AM

What is the different between EPF & PF?

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Shiv Kukreja July 25, 2015 at 5:37 AM

There is no difference between EPF & PF, these terms are used interchangeably for Employees’ Provident Fund.

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Murali B July 15, 2015 at 3:17 PM

Sir,
I hve two doubts,
1. Now i am opening APY in bank of baroda, if can not continue this bank account in future, can i convert APY scheme from this bank account to another bank account in future.
2. I have only jan dhan yogana account. Can i open APY in this account.

Reply

Shiv Kukreja July 25, 2015 at 5:38 AM

Hi Murali,
1. Yes, you can transfer your account from BoB to some other bank in future.
2. Yes, you can open APY with Jan Dhan Yojana account.

Reply

Mukesh kasera July 16, 2015 at 5:51 AM

What is benefit if i migrate my swavalaban fund in atal pension yojna

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Ramprasad S July 24, 2015 at 12:07 PM

There is no benefit. Your Swavalamban fund gets stuck in APY. Better would be to withdraw your funds from Swavalamban scheme by closing the account and then open APY account afresh.

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RAVI SHANKER July 16, 2015 at 6:04 AM

Please reply on my post

Reply

Anup Kumar Das July 16, 2015 at 8:02 AM

Respected
Sir This is Anup from Kolkata
I have submitted Apy application on jun 16/2015,but no pension amount has been recovered from my account till to date.the Uco Bank kolkata Rajarhat branch told me that the amount will be deduct 1 june.also i am not any activation msg……
What should i do sir???????

Reply

Shiv Kukreja July 25, 2015 at 5:48 AM

Hi Anup,
You need to contact your bank for the same.

Reply

Ramprasad S July 16, 2015 at 10:56 AM

Hi Shiv, I had several e-mail interaction with CRA(i.e., NSDL) and they are not confirming on whether we get back Swavalamban amount on attainment of 60 years or not. Now my Swavalamban amount is stuck forever in APY after migration. No clarity is emerging on this issue either from PFRDA or NSDL.

Reply

Shiv Kukreja July 25, 2015 at 5:54 AM

Hi Ramprasad,
I don’t believe that the subscribers will not get their Swavalamban balance after 60 years of age. You’ll definitely get back your balance in the account.

Reply

Ramprasad S July 29, 2015 at 10:59 AM

It is unfortunate that neither CRA(i.e.,NSDL) nor PFRDA is confirming on this. What I heard from my aggregator is that Swavalamban amount will be paid only to nominee after the death of subscriber and not before that and this swalamban amount will not earn any additional pension after attainment of 60 years. This is very ridiculous.

Reply

SAMIRAN BHATTACHARYA July 17, 2015 at 5:58 AM

dear sir,
This is Samiran from Howrah …
sir after maturity how can i get the pension & after my death how can my spouse can claim the amount? & how canshe get pension amount?

Reply

Shiv Kukreja July 25, 2015 at 5:56 AM

Hi Samiran,
You’ll get the pension amount in your bank account through ECS. After you, your spouse will get your pension amount transferred to her account by getting the bank details changed.

Reply

Jayakanthan July 17, 2015 at 9:03 AM

My DOB is 3rd June 1975 and My Age is 40 years One month and 14 days. I went to State Bank of India today with Atal Pension Yojana application but SBI is not accepting my application stating that I’m already crossed age 40. Is there any grace period after crossing age 40? Is there any rule? Please advice…

Reply

Shiv Kukreja July 25, 2015 at 6:01 AM

Hi Jayakanthan,
You should try some other bank. I think different banks are adopting different rules for opening these accounts.

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saroj July 17, 2015 at 3:12 PM

sir a friend of mine who is unemployed & her husband is working in private sector earning about Rs20,000 p.m wants to apply for APY is she eligible.

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Shiv Kukreja July 25, 2015 at 6:03 AM

Yes Saroj, if your friend is younger than 40 years of age, then she is eligible for this scheme.

Reply

Ash July 18, 2015 at 2:26 PM

Hi,
I am working in private sector and I am continuing LIC superannuation plan as per company policy.
May I eligible for this plan as superannuation plan is already exist.
please suggest..

Thanks in advance
Ash

Reply

Shiv Kukreja July 25, 2015 at 6:04 AM

Hi Ash,
You are eligible for this scheme, but you might not get the government contribution.

Reply

Jyoti Prasad Pal July 19, 2015 at 3:12 PM

I had registered for atal pension last month and amount was deducted from savings account on 8th June. However, this month – in July no amount got deducted till date What should I do? Any contact? Please help.

Reply

Shiv Kukreja July 25, 2015 at 6:11 AM

Hi Jyoti,
You should contact the bank branch where you have opened this account.

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nitesh patel July 23, 2015 at 11:47 AM

my instalment of this July month rs 1454 has not been debited from my saving account yet so no one have any answer shiv my birth date is 5 – 5 – 1975 so is there any problem from my age but then how bank have deducted my first instalment and they have given me a copy of pran number so its very much confusing please help

Reply

Shiv Kukreja July 25, 2015 at 6:12 AM

Hi Nitesh,
You should get in touch with the bank where you have opened this account.

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rameshwar singh July 24, 2015 at 6:45 AM

rameshwar pratap singh ka bima hua hai ya nahi.

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Dashrath Kumar Jha July 24, 2015 at 11:24 AM

I have a PPF account in SBI. I am eligiable for open Atal Pension Yojana account. If not, then what will be happened if I opened APY account.

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Shiv Kukreja July 25, 2015 at 6:13 AM

Hi Dashrath,
If you are 40 years or less, you are eligible for this scheme.

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Ashish July 24, 2015 at 11:58 AM

Hello Shiv, I have few queries… Hope you would be able to answer them.

How is the age for enrollment calculated? Is it as per nearest birthday or only number of years completed?
What is the lump sum amount for various pension amounts? Does it depend upon corpus accumulated or fixed by govt.?

If the policy holder expires before 60, what lump sum amount will be paid to nominee for 5000/- pension scheme?

In case the policy holder expires before 60,
do the spouse need to pay premium for remaining term?
Will the spouse start getting pension (immediately or after 60 yrs) or will get lump sum amount?
If spouse gets pension, after spouse expiry, will the nominee get lump sum?

If no premium deposited for 24 months, the account gets closed. What will happen to corpus accumulated?

Is it possible to withdraw Lump sum amount / accumulated corpus amount any time during the policy (before 60 yrs age) / (after start of pension by self or by spouse due to death of policy holder)?

If the spouse and nominee are same, how will it work for providing pension to spouse and lump sum to nominee?

I know the queries are many, but I believe answers to these will help many get a clarity, and decide on subscribing for this scheme.

Thanks in advance for your time and efforts in answering these queries.

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GOUTAM BAKSHI September 24, 2015 at 12:09 AM

Please let me know the answer

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Shantanu July 24, 2015 at 5:55 PM

I have NPS regular/all citizen account.
Can i open APY account ?
I checked with SBI bank according to them, i can not open APY account.
Can anyone help me..

Reply

Shiv Kukreja July 25, 2015 at 6:18 AM

Hi Shantanu,
You should check with some other bank also to confirm your eligibility.

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Sanjay Das July 25, 2015 at 11:01 AM

In Ataul Pension Yojna, Bank give me any certificate or document? Bank inform me only passbook update is enough for this and in my Aadhaar card address is not correct but in my bank passbook address is ok, which address will be kept in Atal pension yojna database, my bank passbook address nor aadhar card address?

Reply

Shiv Kukreja July 29, 2015 at 7:00 PM

Hi Sanjay,
In APY, you’ll get a statement for your account transactions. Passbook update is also fine. You can provide your bank statement as your address proof.

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Karan wadhawan November 5, 2015 at 11:45 AM

Do we get any certificate for Atal Pension Yojna or passbook update is enough? What is the use of PRAN number?

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Mukesh kasera July 25, 2015 at 1:57 PM

What is differences in pension or corpus amount who get govt.Contribution and who not get it

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Shiv Kukreja July 29, 2015 at 7:03 PM

Hi Mukesh,
Pension is the monthly payment you’ll get on retirement. Corpus is the amount which gets accumulated due to your monthly deposits and what your nominee will get in your absence. If you are not a tax payer and you are not covered under any other social security scheme, then you’ll get the government contribution.

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Jyoti Prasad Pal July 25, 2015 at 4:28 PM

I’ve contacted bank branch where I had opened APY account to know the reason for not deducting any amount in July. They are saying they don’t have clarity to whom to contact. Please help so that I can contact.

Reply

Shiv Kukreja July 29, 2015 at 7:04 PM

Sorry Mr. Pal, we can’t help you in such matters. You need to contact the PFRDA.

Reply

VENUGOPALA July 25, 2015 at 7:25 PM

Hi,
My self Venugopala, pls suggest below my requests.
What is monthly maximum amount pay for pension scheme & what is amount of benefit after 60 years.

I had other bank savings account example ICICI bank, can it works or new account i use to open.

Reply

Shiv Kukreja July 29, 2015 at 7:06 PM

Hi Venugopala,
Rs. 5,000 per month is the maximum amount you’ll get on retirement. You need not open a new account. It can work with your exisitng bank account as well.

Reply

CHIRANJIB SAMANTA July 26, 2015 at 6:04 PM

DEAR SIR,
AT PRESENT AGE IS 39 YEARS 3 MONTHS.
WHAT WILL THE PREMIUM FOR THE AMOUNT OF PENSION OF RS 5000/- IN ATAL PENSION YOJONA.

Reply

Shiv Kukreja July 29, 2015 at 7:07 PM

Hi Chiranjib,
It would be Rs. 1,318 for 39 years old subscriber.

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nishith Ghosh July 28, 2015 at 8:53 AM

It is one of the best yojana.

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Shiv Kukreja July 29, 2015 at 7:07 PM

Thanks Nishith for sharing your views.

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Praveen July 30, 2015 at 5:18 PM

I subscribed for atal pension scheme . Do I get certificate of APS registration and and website to check the details of my atal pension scheme account .

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Shiv Kukreja August 4, 2015 at 5:35 PM

Hi Praveen,
You’ll get physical statement for your account transactions. Online facilities are not available as yet.

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Irissappin July 31, 2015 at 7:23 AM

Sir, as you earlier said that my wife whose DOB : 17/04/1975 is eligible to enrol APY but the SBI bank officials informed that your age is overaged.
Sir, Please inform the status of age regarding.
Thanks.

Reply

Shiv Kukreja August 4, 2015 at 5:37 PM

Hi Irissappin,
As per the info we have, your wife is eligible for the same. Still you should get it checked with the aggregators.

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Prasanth July 31, 2015 at 5:55 PM

I joined it my share is 1087 as I am 37.but after 23 yrs 5000’s value is only today’s 560.can I leave it .am I eligible to get my investment

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Shiv Kukreja August 4, 2015 at 5:38 PM

Hi Prasanth,
You need to check it with the bank whether you can withdraw the money or not.

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tarlika August 1, 2015 at 11:40 AM

Hi Shiv,
My APY monthly installments are debiting regularly.But I do not receive PRAN card yet.Bankers are saying that they are not having any information regarding PRAN card.when will I get it?and from where can I get It?From Bank or is it delivered to my address?

Reply

Shiv Kukreja August 4, 2015 at 5:40 PM

Hi Tarlika,
Even we do not have any info regarding the same. You will get the PRAN number for sure, but we are not sure about PRAN card.

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sandeep pote August 4, 2015 at 11:10 AM

I am interst your pension plan pls advice I am 37 years old

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Shiv Kukreja August 4, 2015 at 5:41 PM

Hi Sandeep,
Please visit any of your nearest eligible bank branch to get more details about this scheme.

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Anu illur August 5, 2015 at 8:50 AM

Sir, my DOB 21-11-1977 , please suggest me about atal pension yojana for 1000 and for 4000 . Is it monthly or yearly instalment?

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Aswini August 5, 2015 at 1:37 PM

Hi sir,
Assam Govt. Service holder are eligible or not the APY.

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nitesh August 6, 2015 at 2:40 AM

what’s your call on power mech projects ipo should we subscribe

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Shiv Kukreja August 6, 2015 at 2:28 PM

I’ve not analysed it yet Nitesh.

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rajnish kumar August 7, 2015 at 8:37 PM

yaar ek mahina ho gya #
APY ka form bhare, na to a/c se pese kate na hi bank wale kuch information dete h.

Reply

phalguni August 12, 2015 at 7:16 AM

I am a housewife.I have opted for apy.but if in future say after 1yr I will join a job ,then can I eligible to get pension after 60 years.

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Shiv Kukreja August 12, 2015 at 5:34 PM

Hi Phalguni,
Once you join a job, you’ll stop getting the government contribution.

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ashis ku. August 14, 2015 at 11:17 AM

If some one default in payment instalment after 12month if he get return the deposited amount.

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Shiv Kukreja August 20, 2015 at 4:09 PM

Hi Ashis,
Some key changes have been made to this scheme today to allow withdrawals.

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Saraswathy D August 17, 2015 at 11:10 AM

hai, my husband dob is 07/06/1975.is he eligible to apply Atal Pension Yojana scheme.

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Ankit August 17, 2015 at 2:24 PM

Yes he is eligible for this

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AMALENDU DAWN August 19, 2015 at 9:27 PM

My age is 39 Years 27 Days, My monthly premium is Rs 1318/. My total contribution will be Rs 1318*252 months = Rs 3,32,136/-.

On the other hand The age of my cousin is 39 Years 11 Months and he also eligible of monthly premium is Rs 1318/ and his total contribution will be Rs 1318*241 months= Rs 3,17,638/-

Now my question is that whether the pension will start both myself and my cousin in same date, month and year ?

Reply

Shiv Kukreja August 20, 2015 at 4:12 PM

Both of you will start getting pension as you turn 60. So, your cousin will start getting pension earlier than you.

Reply

tapash August 22, 2015 at 6:35 PM

what happen if i want to close the pention account.

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Shiv Kukreja August 23, 2015 at 12:20 AM

Hi Tapash,
Government is making some changes to this scheme to allow premature withdrawal & closure. You’ll have to wait for the new rules to get announced.

Reply

megha choudhary August 23, 2015 at 9:59 PM

I want to take policy for my parents, bt my parents age above 40 then suggest me any policy for her..

Reply

poli das August 24, 2015 at 7:43 PM

Sir..meri ek query hai ki. ..meri age hai 26 or meri 5000 ka pension plan ka policy hai 409 jab meri age barega till 40 ehi 409 policy amt meri ac se katega? Aur age ke abusar bar jaye ga?

Reply

HETALEN August 26, 2015 at 10:38 AM

MY SELF HETALBEN PADHIYAR AND MY APY A/C IN SBI AND SBI ALLOTED PRAN A/C NO. I BUT I DO NOT SEE ACCOUNT STATMENT
SO PLZ INFOMATION TO CORRECT WEB SIDE TO LOG IN AND I SAW MY A/C DETAIL.

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Karthik August 27, 2015 at 4:09 PM

Hi,,,

My age is 30 and my wife is 25

We have applied “Atal Pension Yojana”(5000 per month) for both me & Wife..amount has been deducting for both like below

376/- ruppes for my wife , I need to pay for 35 years

577/- for me,I need to pay for 30 years

i have a below questions, could u please clarify

1) I am thinking that ..unnecessarly i have taken policy for my wife because i already have APY

2) Is It good have a APY for both me & Wife, For one person in famaily will have a pension is sufficient right?

3) Instead of paying amount 4512 yearly upto 35 years for my wife, i could have taken some other insurance policy for 15 years .

Please suggest me,

whether it is good to invest money in APY for both me & wife?

else

Can i cancel APY for my wife and i will apply NPS for me ..Is it Good?

Reply

Asha August 29, 2015 at 8:10 AM

I want to be a business associate of APY what has to be done and whom and how to be contacted the right place to give this plan to grass root levels.

Reply

akhilesh August 31, 2015 at 11:02 PM

in case the policy holder expires before 60,
do the spouse need to pay premium for remaining term?
Will the spouse start getting pension (immediately or after 60 yrs) or will get lump sum amount?
If spouse gets pension, after spouse expiry, will the nominee get lump sum?

If no premium deposited for 24 months, the account gets closed. What will happen to corpus accumulated?

Reply

Kalipada Kumbhakar September 1, 2015 at 11:49 PM

I am tax prayer & EPF provident fund scheme holder WBSEDCL Service man. Can you join APY Scheme ?

Reply

P.R.Srivastava September 6, 2015 at 10:49 PM

Sir i am working in a private company.sinnce last 11 years i have worked in different private companies i am also tax payer, also have pf account in epfo, my age is 55 years in my company retirement age is 55years when i will get penssion and how much i will get per month penssion.

Reply

Nikita September 10, 2015 at 12:57 PM

Great post Mr. Shiv!
Could you tell me who are the annuity providers for APY?

Reply

Lilly September 19, 2015 at 8:27 PM

Sir I have opened APY account in SBI and the manager does not have any idea abt the passbook or transaction receipts. So kindly let me know what is the proof for the APY account.where to get the transaction slips or passbook?pls help me

Reply

Mukti kanta parhi September 23, 2015 at 2:04 PM

Dear ,
i have opened APY acount in AXIS bank , the amount was debited last month , bank provide me the Acknowledgement copy , but i do not have receive any Document/Bond from Govt of India , please suggest , can i receive any Document .

Reply

shanker October 1, 2015 at 12:08 AM

if subcriber Was monthly 990/- paid to APY but subcriber was death occur within 5 yrs what happen

Reply

shanker October 1, 2015 at 12:10 AM

if 1subcriber Was monthly 990/- paid to APY but subcriber was death occur within 5 yrs what happen

Reply

Prakash October 7, 2015 at 5:14 AM

Dear sir,
Ple give me phone numbers or
ple give me pass book or
ple give me recipt or
Call centre no response
nps office address in andhraprasad
next office phone number
my nps account no?
if we want to see my account what i have to do.
when risk happen for whom i have to call
Your a/c details will be in near branches?
your language only english?
ple reply my doubts?

Reply

k.prabhakar October 15, 2015 at 9:16 AM

Death of holder below 60 when spouse or nominy get amount?

Reply

SONAL KUMAR October 17, 2015 at 3:58 PM

SIR, AM AN EXISTING CUSTOMER OF APY SCHEME, BUT NOW I WANT TO CLOSE THIS SCHEME, HOW SHOULD I PROCEED SIR.
AROUND 4 MONTHS I CONTRIBUTED IN APY.

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Mrs Sheetal Kale October 22, 2015 at 1:40 PM

Today I got the message that

‘Dear Subscriber,

We would like to bring to your kind attention that NPS Trust will start recovering fee/charge @ 0.01% of the AUM on daily accrual basis to meet its expenditure, with effect from 1st November, 2015 which has been approved by Pension Fund Regulatory and Development Authority.

Warm Regards,

Dy. General Manager
NPS Trust”

What does it means?

Reply

Bilal October 23, 2015 at 7:12 PM

Sir,
I am a govt bank employee. Am I eligible for the scheme. Till date I m not a tax payer. What should be the benefits of the scheme for me.

Reply

anju October 30, 2015 at 9:26 PM

vill post birakheri

Reply

pankaj kumar November 3, 2015 at 10:11 PM

sir I am 3 month before aplly the jivan joti and atal pension plan.but I am today inquery my plan in SBI lalganj vashali .bank stap speek close this plan.but I am calling custamar care but no response why.

Reply

Jaswinder Singh November 5, 2015 at 4:20 PM

Bank or PFRDA will give any proof or Document for this investment like LIC giving pocily document.

Reply

Ricky Stephen Dcunha November 11, 2015 at 4:19 PM

I want to discontinue this scheme can anyone help me out…and do i reciev the amount back…what has been from 4 months..

Reply

Shahbaz alam November 13, 2015 at 10:35 PM

Which things to be collected from bank regarding atal pension yojna

Reply

RAJENDRA MESHRAM November 23, 2015 at 2:36 PM

kindly provide details of shut up apy yojna a/c , i am existing customer prn no. is 30312854173

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RAJENDRA MESHRAM November 23, 2015 at 2:38 PM

I want to disconnect scheme & do i receive the amount back

Reply

Vishal Londhe November 27, 2015 at 8:02 PM

Hi Shiv,

I want to enroll APY for my elder sister who is a divorcee and have no spouse. She have one daughter. So in this case who will be the spouse because her daughter will be nominee. Also when will nominee receive the corpus amount.

Please clear the doubt.

Regards,
Vishal Londhe

Reply

Atul Bondre November 29, 2015 at 12:05 PM

hi shiv sir,
I want to know the date to enroll and get benefit of government contribution in APY scheme. Is it is on or before December 2015 including December month ? OR is it only before December 2015 I.e. upto 30th November 2015.

and if subscriber dead before 60 year so will nominee get corpus and contributed amount till date..please clarify both query…

Reply

bhawani singh ranawat December 6, 2015 at 11:34 AM

I like the sechem and I am an government employee want to take for my wife she is non income tax payee… Can I take the plain replay pl..

Reply

Atul Bondre December 8, 2015 at 12:37 PM

Hi shiv sir..
Is this scheme is good for the point of view of investment for future. Please give your opinion about this scheme.

Reply

rahul dubey December 19, 2015 at 5:19 PM

Hiii sir, apy ko Dec tak open karwane mai kya benefit hai.

Reply

Avanish December 22, 2015 at 4:46 PM

I am also optin for this pension plan. Yes I am agree with the question raised about the inflation rate and amount paid at that time but I have counter question for those people is there any better option than this ? I think it’s good step in field of social security of citizen and I do believe government will come up with more such schemes so that a common people can get freedom from burden of extra expenses.

I have a doubt regarding this scheme please help me. Is there any option for investing more money for higher pension benefits ? I am confused because Govt. has mentioned it as Min amount paid monthly.

Thanks, Avanish

Reply

Kailas Sawalkar December 25, 2015 at 5:33 PM

What is Expity date of Atal Pension plan

Reply

Ahmed December 29, 2015 at 3:39 PM

Hi,
I want to enroll, but I am a tax payee. Can i enroll for this.

Reply

Bhaskar Kumar Dey. December 31, 2015 at 6:43 PM

can i change my account.

Reply

Bhaskar Kumar Dey. December 31, 2015 at 6:49 PM

I want to change my atal pension agvb account to sbi account , can it pissible.

Reply

Kavitha Sivakumar January 3, 2016 at 4:03 PM

What is the procedure to withdraw the apy scheme. I didn’t like the scheme… Will my money get returned… need a response. .. u cannot play or cheat with public money…..

Reply

Ketan January 5, 2016 at 6:37 PM

Hello Kavitha,
Has the scheme details modified recently? Can you please elaborate why you feel its cheating with public money as many here on the forum may have registered under APY.

Reply

Kavitha Sivakumar January 6, 2016 at 11:18 PM

I wanted to discontinue from this scheme. Banker didn’t tell me any details. I wanted my money back.

Reply

Hemalatha January 26, 2016 at 4:14 PM

Hi myself Ms.Hemalatha from Mumbai. I want to apply for this scheme, so just need more guidance and more clearity no the terms and conditions. Can i get the contact person name and number, so that i can clear my doubts…. Pls provide me the contact details asap.

Reply

Rahul February 3, 2016 at 4:40 PM

My birth date is 06/08/1983 and I want to enroll for this pension scheme for 5000 pension how much do I need to pay every month? And if I wish to withdraw or stop the service in between will I get back whatever I paid till the time of stopping this service?

Reply

shailendra yadav February 5, 2016 at 3:17 PM

Today I am applied apy…..

Reply

shailendra yadav February 5, 2016 at 3:18 PM

Plz.all details apy .

Reply

kiersten February 12, 2016 at 1:38 AM

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but I never found any interesting article like yours.
It is beautiful value sufficient for me. In my view, if
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Reply

ravinder February 29, 2016 at 1:37 AM

my age 47 not aplicable for apy any schemes like apy for my age

Reply

ravinder February 29, 2016 at 1:49 AM

my age 47 not aplicable for apy any scheme like apy

Reply

Aditya March 18, 2016 at 2:34 PM

Dear Sir,

I HAVE OPENED APY ACCOUNT BY SBI BANK. BANK GAVE ME ACKNOWLEDGE SLIP WITH PRAN NUMBER. MY QUESTION IS THAT CAN I GET PRAN CARD OR NOT.

Reply

Prakash Sinha March 18, 2016 at 4:29 PM

Hi Shiv,
I have open an account in Atal pention yogana in june 2015 .My APY monthly installments are debiting regularly.But I do not receive PRAN card yet.Bankers are saying that they are not having any information regarding PRAN . from where we get the information regarding this.

Reply

Rajini B April 4, 2016 at 10:32 AM

How is the age for enrollment calculated? Is it as per nearest birthday or only number of years completed?
What is the lump sum amount for various pension amounts? Does it depend upon corpus accumulated or fixed by govt.?

If the policy holder expires before 60, what lump sum amount will be paid to nominee for 5000/- pension scheme?

In case the policy holder expires before 60,
do the spouse need to pay premium for remaining term?
Will the spouse start getting pension (immediately or after 60 yrs) or will get lump sum amount?
If spouse gets pension, after spouse expiry, will the nominee get lump sum?

If no premium deposited for 24 months, the account gets closed. What will happen to corpus accumulated?

Is it possible to withdraw Lump sum amount / accumulated corpus amount any time during the policy (before 60 yrs age) / (after start of pension by self or by spouse due to death of policy holder)?

If the spouse and nominee are same, how will it work for providing pension to spouse and lump sum to nominee?

I know the queries are many, but I believe answers to these will help many get a clarity, and decide on subscribing for this scheme.

Reply

kailash ch behera May 25, 2016 at 8:46 AM

How to delink APY from the saving bank account.

Reply

Shibani June 7, 2016 at 3:20 PM

I have opted for pension plan since nov 2015. Just want to know how this pension amount will be reimbursed. Do we have to contact our bank or any other source to get the pension after 60 years?

Reply

THIRUPATHI June 23, 2016 at 5:03 PM

I WANT KNOW APY DETAILS AND THE SUBSCRIBER WHO WAS SUBSCRIBED THIS SCHEME WS EXPIRED ON OCT 2015 SO I DNT PAID MONEY SO MAY I KNW THE DETAIL PLEASE
AM THE FATHER OF SUBSCRIBER

Reply

THIRUPATHI June 23, 2016 at 5:06 PM

AM THE FATHER OF SUBSCRIBER ACTUALLY THE SUBSCRIBER WS EXPIRED ON OCT 20 2015 SO I DNNT PAID MOEY SO MAY I KNOW THE DETAILS OF THIS SCHEME PLEASE APY

Reply

shubhajit Dey August 20, 2016 at 11:39 AM

The members of any social security scheme who are income tax payers can also join APY and avail the benefit of minimum guaranteed monthly pension but will not receive any government contribution. Seen from (Annexure A) of Punjab Nation Bank.
If any body paid income tax 5/6 years back and later his income is not taxable can he do APY.

Reply

sanjay jotshi August 24, 2016 at 10:07 AM

Kindly clear me about accumulated corpus & when will be govt contribution credited to APY accounts

Reply

Thakur October 4, 2016 at 2:49 PM

Pl sir if death become in middle then in case of

Reply

SANJAY MANI TRIPATHI January 25, 2017 at 5:29 PM

sir,
i have poen Atal Pension Yojana in december 2016 and jeewan jyoti bima .
by net banking . This is right or wrong. Please guide.

Reply

rakesh kumar raman January 28, 2017 at 3:46 PM

how to modified the apy data

Reply

Raksha Devi February 14, 2017 at 7:13 PM

Sir I am house wife and 42 years old. Can I deposit money under the scheme of Atal Pension Yojna. Please guide me and where I can deposit monthly payment for future pension.

Reply

Prashant February 19, 2017 at 10:12 PM

Hi Sir,

My DOB is 1st Feb’9177. Am I eligible to avail Atal Pension Yojna.

Please advice.

Thanks,
Prashant

Reply

Ashok Dhar February 22, 2017 at 2:46 AM

Sir,
I am a central government employee and already covers in pension. Still I can also open APY or not.

Reply

Anand Happali April 30, 2017 at 7:24 PM

Sir, I have opened the APY A/c on 4-09-2015 at State Bank of Mysore Branch Ramdurg of Karnataka. Monthly duducting the amount from my SB A/C till now. But the authority or bank is not given me any Certificate or letter or card for my further refference. Hence I dont know my PRAN No. also What can I do now? Plz Provide the contact details of concern person for further communication.

Reply

ASHOK KUMAR AHELLEYA May 2, 2017 at 6:30 PM

Hi Sir,

I am an ex ACC (The Associated Cement Companies Ltd ) employee, retired in 2005 after about 31 years of service with the company at their various plant. During initial Family Pension inception days, there use to be option for joining the scheme. I had in-fact opted out (opted no ) to the scheme owing to salaries being very low and for joining the scheme one had to agree for further deduction from already low salaries which use to be in hundreds only.
Subsequently the scheme became compulsory for employees to join the family pension scheme. Under the circumstances that the scheme was made compulsory to all do I fall in the category of eligible (for Pension payment ) candidate.
Kindly find time to address to my query.
Regards,

Reply

Aravindan Kubendiran July 11, 2017 at 8:02 AM

How is the age for enrollment calculated? Is it as per nearest birthday or only number of years completed?
What is the lump sum amount for various pension amounts? Does it depend upon corpus accumulated or fixed by govt.?

If the policy holder expires before 60, what lump sum amount will be paid to nominee for 5000/- pension scheme?

In case the policy holder expires before 60,
do the spouse need to pay premium for remaining term?
Will the spouse start getting pension (immediately or after 60 yrs) or will get lump sum amount?
If spouse gets pension, after spouse expiry, will the nominee get lump sum?

If no premium deposited for 24 months, the account gets closed. What will happen to corpus accumulated?

Is it possible to withdraw Lump sum amount / accumulated corpus amount any time during the policy (before 60 yrs age) / (after start of pension by self or by spouse due to death of policy holder)?

If the spouse and nominee are same, how will it work for providing pension to spouse and lump sum to nominee?

Reply

milind November 5, 2017 at 12:57 PM

hi sir,
i am 40 year 8 months old i want to know can i enter apy if not then suggest me best plan for getting pension after 55-58 year old age i am having 1.5 lakh now

Reply

UMESH VISHWAKARMA January 10, 2018 at 10:13 PM

What is the guarantee after this govt. That APY mony gave to me. Who gave this guarantee..

Reply

UMESH VISHWAKARMA January 10, 2018 at 10:23 PM

I want to stop my APY account.. How I stop this.. Please help me

Reply

Inder Preet Singh March 14, 2018 at 12:27 PM

How can I opt this benefit. Please mail me for further.

Reply

RAJIV April 15, 2018 at 5:35 PM

how to change my mobile no

Reply

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