Atal Pension Yojana is an extremely huge plan sent off by Prime Minister Narendra Modi. This plan was for the most part begun for every one of the older individuals of the nation so they can get annuity following 60 years old and they can live well. Under the plan, there is an arrangement to get a benefits of 1000 rupees to 5000 rupees following 60 years. Tell us all the data connected with the guidelines of Atal Pension Yojana, online application process, official webpage APY premium diagram helpline number and so forth.
Atal Pension Yojana
Name
Atal Pension Yojana
Lunching Date
1 June 2015
Who Lunching
PM Modi
Department
Pension Fund Regulatory and Development Authority (PFRDA)
Beneficiary
All workers in the unorganized sector
Objective
Pension after 60 years of age
Toll Free Number
1800-180-1111
What Is Atal Pension Yojana
Atal Pension Yojana is a benefits protection conspire, under which elderly individuals later the age of 60 years will get an annuity of 1000 rupees to 5000 rupees. The individual can pick the annuity according to his desire. To get an annuity of thousand rupees each month, then, at that point, he needs to pay the premium as indicated by that sum. The individual himself can decide to pay the premium. Premium can be paid month to month, quarterly, half yearly and every year. Individuals of 18 years as long as 40 years old can apply for Atal Pension Yojana and exploit. Assuming that individual passes on following 60 years, then, at that point, this benefits sum will be given to the chosen one of that individual. Assuming that individual doesn't go to the benefits sum, then, at that point, he can likewise take the corpus sum in one go.
Atal Pension Yojana Eligibility List/Qualification
The advantage of Atal Pension Yojana will be given distinctly to the house of India. Any individual who is a resident of India can exploit this plan.
Specific age rules have been fixed for Atal Pension Yojana. As indicated by the condition, just those individuals can apply in the plan, whose age is between 18 to 40 years. People under 18 or over 40 years old can't make a difference for this plan and get benefits.
Under Atal Pension Yojana, following 60 years old, how much annuity will be straightforwardly moved by the public authority to the ledger of the individual, alongside this the superior will likewise be deducted straightforwardly from the financial balance consistently. Consequently, to exploit the plan, it is fundamental that the recipient has a financial balance in his own name.
Conditions connected with the utilization of Atal Pension Yojana
Atal Pension Yojana was sent off on first June 2015. At the hour of declaration itself, it was told by the condition that any individual who applied under this plan between first June 2015 to 31st March 2016 would be given exceptional advantages. The sum that that individual will store in this advantage, a similar sum will likewise be kept by the public authority. In any case, this unique advantage won't be given to the accompanying individuals
who pay taxes
Others are taking advantages of any federal retirement aide plot
Government worker who is remembered for Provident Fund
coal diggers who are remembered for the fortunate asset
Assam tea garden specialist who is remembered for the opportune asset
Mariners who are remembered for Provident Fund
Workers of Jammu and Kashmir who are remembered for the Provident Fund.
While filling the type of the plan, the recipient needs to remember that it is obligatory for him to fill his candidate. Recipients can't compose their life partner's name in the chosen one as they are considered as the default candidate. Aside from the couple, you ought to compose the name of another person in the candidate.
An individual can have just a single Atal Pension Account.
Once applied in Atal Pension Yojana, the recipient can change the benefits sum or premium mode whenever.
Explanation will be given to the recipient consistently by message.
Agreements of Atal Pension Yojana
The recipient can pick the benefits sum according to his desire. The public authority has fixed the benefits sum from ₹ 1000 to ₹ 5000. As indicated by the annuity sum the recipient picks, he should pay his premium. To change the benefits sum, then, at that point, he can do as such according to the standards yet he can roll out this improvement just a single time in a year, for which he won't need to pay any extra charges.
Different advantages accessible under Atal Pension Yojana
However much the recipient stores, the public authority puts that sum in many spots. Assuming there is benefit in that venture, then, at that point, some piece of it is likewise given to the recipient, yet on the off chance that there is a misfortune in the speculation, then, at that point, the whole consumption is borne by the public authority itself.
As indicated by the agreements of Atal Pension Yojana, however much the recipient stores under the exceptional sum. Assuming that the public authority profits tax reductions by contributing it, then, at that point, the public authority additionally gives charge exception to the client as indicated by the current rate.
Instructions to fill atal benefits yojana structure
If you want to apply under Atal Pension Yojana, then you can get the form of this scheme from the bank and fill it and submit it. Apart from this, the online application process of the scheme has also been started. If you want to apply online under this scheme, then you can get the form by clicking on this link.
Step by step instructions to open Atal Pension Yojana account
To get benefits under Atal Pension Yojana, it is vital that the recipient has a financial balance or a record in the mail center, you can open a record under Atal Pension Yojana in both of the two spots.
At the bank or mail center, you will get the type of Atal Pension Yojana, wherein fill all the asked data cautiously.
It isn't compulsory to give the data of Aadhar card in Atal Pension Yojana, yet on the off chance that you give this data, then, at that point, you can check all the data connected with your record on the web.
Subsequent to filling the structure, the recipient will be given Pran number which is otherwise called reference number by the authorities. Through this number, basically everything connected with the plan like filling the case structure, filling the superior, shutting the record and so forth should be possible without any problem.
Atal Pension Yojana Premium Rules
To exploit Atal Pension Yojana, the supporter needs to pay the exceptional sum for somewhere around 20 years, the individual with lesser premium won't be viewed as legitimate.
Assuming that an individual applies under Atal Pension Yojana at 40 years old, then, at that point, he should pay the exceptional sum for the following 20 years for example till the age of 60 years.
Assuming that an individual applies for Atal Pension Yojana at 18 years old years, then, at that point, he should pay the exceptional sum till 42 years.
The exceptional sum will be distinctive for the recipients in the age gathering of 18 to 40 years, the data of which is given to you underneath.
What is the top notch mode in Atal Pension Yojana
You can pay the top notch sum in numerous ways under Atal Pension Yojana. You can pay the top notch sum month to month, quarterly, half yearly or every year. The recipient should store the exceptional sum in his ledger itself, from which the immediate premium sum will be deducted. You can pick the top notch mode according to your desire and can transform it whenever.
Atal Pension Yojana Important Documents
If you do not already have a bank account, then to take advantage of Atal Pension Yojana, you will have to open an account in the bank. When a new account is opened in any bank, then you will find all the documents required at that time.
identity card
passport size photograph
Birth certificate
domicile certificate
Aadhar card (not mandatory)
Atal Pension Yojana Calculator and Premium Chart
1000 rupees benefits sum each month
In the Chart given underneath, we will let you that know if you apply for thousand rupees annuity, then, at that point, as indicated by the age of 18 years to 40 years, how much premium sum you should pay consistently for a considerable length of time, a half year and in a year.
Age
Time
Monthly
18
42
42
20
40
50
25
35
76
30
30
116
35
25
181
40
20
291
Quarterly
Half Yearly
Yearly
125
248
496
149
295
590
226
449
898
346
685
1370
539
1068
2136
876
1717
3434
2000 rupees pension amount per month
Underneath you have been informed that assuming you apply in Atal Pension Yojana at 18 years old to 40 years, then, at that point, how much premium sum you should store in the bank consistently or 90 days or a half year or a year.
Age
Contribution Time
Monthly
18
42
84
20
40
100
25
35
151
30
30
213
35
25
362
40
20
582
Quarterly
Half Yearly
Yearly
250
496
992
298
590
1180
450
891
1782
688
1363
2726
1079
2163
4326
1734
3435
6870
3000 Rupees Pension Amount Per Month
Age
Contribution time
Monthly
18
42
84
20
40
100
25
35
151
30
30
213
35
25
362
40
20
582
Quarterly
Half Yearly
Yearly
250
496
992
298
590
1180
450
891
1782
688
1363
2726
1079
2163
4326
1734
3435
6870
4000 Pension Amount Per Month
Age
Contribution time
Monthly
18
42
168
20
40
198
25
35
301
30
30
462
35
25
722
40
20
1164
Quarterly
Half Yearly
Yearly
501
991
1982
590
1169
2388
897
1776
3552
1377
2727
5454
2152
4261
8534
3469
6869
13,738
5000 Pension Amount Per Month
Age
Contribution Time
Monthly
18
42
210
20
40
248
25
35
376
30
30
577
35
25
902
40
20
1454
Quarterly
Half Yearly
Yearly
262
1239
2478
739
1464
2928
1121
2219
4438
1720
3405
6810
2688
5323
10,646
4333
8581
17,162
Punishment under Atal PensionYojanaAssuming a recipient doesn't pay the top notch sum in standard time under the plan, then, at that point, he should suffer some consequence which is as per the following
On the off chance that somebody pays a premium of Rs 100 every month, then, at that point, he should pay ₹ 1 for the deferral.
Assuming somebody's top notch sum is between ₹ 101 to ₹ 500, then, at that point, he should pay ₹ 2.
Assuming the exceptional sum is between ₹ 501 to ₹ 1000, then, at that point, he should pay ₹ 5 for delay.
Assuming the top notch sum is more than Rs.1000, he/she should pay ₹10 for the deferral.
As indicated by the state of the plan, how much interest or any sort of punishment can be deducted from the benefits corpus of the supporter.
When can Atal Pension Account be shut?
Assuming an endorser doesn't store the recommended premium sum for six back to back a long time under the arrangement, then, at that point, his record is frozen.
Assuming a supporter doesn't store the exceptional sum persistently for a considerable length of time, his record is deactivated according to the provisions of the arrangement.
On the off chance that the superior sum isn't stored for 24 successive months for example 2 years, then, at that point, the record of that individual is shut.
Atal Pension Yojana Withdrawal Rules
Under Atal Pension Yojana, annuity sum is accessible solely after the age of 60 years, yet in some outstanding conditions, the sum stored till then can be removed which is as per the following
Subsequent to intersection 60 years old – According to the plan shirt, the individual will begin getting benefits in the wake of accomplishing the age of 60 years yet assuming that individual bites the dust then his annuity goes to the default candidate life partner assuming that the default chosen one likewise passes on, then, at that point, the candidate made by that individual can apply and get the kept sum.
On death of endorser following 60 years – If the supporter bites the dust following 60 years old then the default chosen one gets benefits. The defaulting candidate can close the record by getting the store sum till then, at that point. Assuming the defaulter candidate additionally kicks the bucket, then, at that point, the other chosen one won't get the annuity. He can guarantee the candidate and get the store sum.
On death before 60 years – If a supporter kicks the bucket before 60 years old, then, at that point, whether or not to proceed with the benefits further is chosen by the default candidate. Assuming the defaulting candidate wishes, he can get annuity following 60 years by paying the excess premium sum and to pay the superior sum, then, at that point, he can likewise get the record shut by guaranteeing the sum stored till then, at that point.
Atal Annuity Yojana Bank list
You can apply for Atal Pension Yojana by visiting any bank and mailing station in the country. These banks and mail depots are given a motivating force of ₹ 120 for every benefits conspire endorser by the public authority.
How to complain about Atal Pension Yojana
However, on the off chance that you really want any data connected with Atal Pension Yojana or have any sort of grumbling, then, at that point, you can get data by calling complementary helpline number 1800-180-1111.
Atal Pension Withdrawal Form [APY Withdrawal Form]
At the time of creating the account, a PRAN number is given to the beneficiary. It is through him that the withdrawal forms are filled. By filling this form, you can complete the entire process of Atal Pension Withdrawal.
Atal Pension Claim Form [APY Claim Form]
If the subscriber dies before the age of 60, then in that case he can claim the amount deposited till then. For this fill out this form.
FAQs –
Q: What is Pran Number?
Ans: After applying in the plan, a Permanent Retirement Account Number is given to the purchaser, which is of 12 digits, through which every one of the exchanges are finished.
Q: For how long Atal Pension Yojana must be stored?
Ans: At least 20 years
Q: How to really take a look at Atal Pension Yojana Status?
Ans: You can really look at the situation with Atal Pension Account by downloading APY application on versatile.
Q: When will I get the cash of Atal Pension Yojana?
Ans: After the age of 60, the annuity sum will be accessible under the plan.
Q: How to complain about Atal Pension Yojana
Ans: Helpline number 1800-180-1111.
Q: How to pull out cash from Atal Pension Yojana?
Ans: For the plan, go to the bank wherein you had opened the record and submit it by filling the APY account conclusion structure.
