Who Qualifies for Atal Pension Yojana 30 January 2023? Find Out Here Free अटल पेंशन योजना में नया अपडेट , देखें नया आदेश

Atal Pension Yojana 30 January 2023

Atal Pension Yojana 30 January 2023

Discover if you are eligible for the Atal Pension Yojana and how to apply. Learn everything you need to know in this comprehensive guide

Atal Pension Yojana 30 January 2023: Atal Pension Yojana is a government-run pension scheme for all citizens of India, mainly focused on the unorganized sector. APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the National Pension System (NPS). 1000/- for the beneficiaries under this scheme Rs. 5000 to Rs. Guaranteed minimum monthly pension between Rs.

Atal Pension Yojana 30 January 2023

In Atal Pension Yojana, members can opt for monthly pension which is Rs 1000, Rs 2000, Rs 3000, Rs 4000. or Rs.5000. Which can start after the age of 60 years. The amount of pension one gets is directly related to the age at which the person has joined APY and the monthly amount contributed by him.

Tax Benefits for APY Subscribers

Atal Pension Yojana (Atal Pension Yojana) is a government pension scheme, so it is eligible for an amount of Rs 1.5 lakh under section 80C of the Income Tax Act, 1961. Contribution per year is eligible for tax exemption. Also,

APY is eligible for a tax exemption of Rs 50,000 under the new section 80CCD(1) of the Income Tax Act, 1961. Also eligible for additional benefits up to annuity. 50,000 per year Same 1.5 lakh annual tax exemption benefit applicable on National Pension System contribution which is given under section 80C.

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Atal Pension Yojana 30 January 2023

Atal Pension Yojana 30 January 2023
Atal Pension Yojana 30 January 2023

Following are some of the salient features of Atal Pension Yojana:

All Indians in the age group of 18 years to 40 years are eligible for membership
Pension will start on completion of 60 years of age

1000 monthly for pension amount. Rs.2000 Rs.3000 Rs.4000 5000 and Rs. can be selected as
Bank account is mandatory for the scheme and contribution amount is deducted from the account every month

The contribution amount made in Atal Pension Yojana is eligible for tax exemption under Income Tax Section 80CCD

How to Open Atal Pension Yojana Account

Fill and submit the Atal Pension Yojana Registration Form at your local bank branch
Provide your Bank Account Number, Aadhaar Number and Mobile Number
Your first contribution amount will be deducted from your linked bank account at the time of account opening

Your bank will issue receipt number/PRAN number to you
Subsequent contribution will be automatically deducted from your bank account (auto-debit)

How to withdraw money from APY account

Voluntary exit of subscriber from Atal Pension Yojana may be permitted only in exceptional circumstances such as terminal illness.

The only way to process the account closure request is by submitting the completely filled APY Pension Account closure (Voluntary Exit) form to the bank with whom you have maintained your Atal Pension Yojana account. is opened.

Atal Pension Yojana

After receiving the form from you, the bank will process the request and calculate the total contribution and interest credited to your account and then deduct any APY account closure/maintenance charges as applicable.

The balance amount will be credited to your registered bank account as lumpsum. Cash payment is not made from this Atal Pension Yojana account in case of voluntary withdrawal under the existing APY rules.

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