Atal Pension Yojana: So far in the financial year 2020-21, more than 52 lakh new shareholders have been associated with the Atal Pension Yojana (APY). With this, the number of people associated with this social security scheme of the government increased to 2.75 crore by the end of December. Also Read – Investing in PPF can make millionaires, know how much investment
What is Atal Pension Yojana? APY is a guaranteed pension of the government. Under this, three benefits are offered to the shareholders from the age of 60 years. Under this scheme, pension is guaranteed to the shareholders, after the death of the shareholder, the wife or husband is guaranteed equal pension. Also, there is a provision to return the accumulated amount to the nominee. Also Read – Atal Pension Yojana Gives Extra Benefits Online: 11% return in a year, know how much you will benefit?
The Pension Fund Regulatory and Development Authority of India (PFRDA) said in a release that adding 52 lakh new shareholders so far in the financial year 2020-21 is a remarkable achievement, despite the unprecedented challenges due to the epidemic. This is the result of the untiring efforts of the banks. “State Bank of India alone has added more than 1.5 million new APY subscribers. Also Read – Atal Pension Yojana Latest News: There is going to be a change in the Atal Pension Yojana from July 1, it is necessary to have money in the account.