Atal Pension Yojana Rules Change: Atal Pension Yojana was launched in the financial year 2015-16. This scheme is operated by the Pension Fund Regulatory and Development Authority (PFRDA). This scheme was started especially for those people who are not able to take benefit of any other government pension.
The government has made a big change in the rules of Atal Pension Yojana, started for the convenience of pension to the people working in the unorganized sector. After October 1, 2022, no such person will be able to invest in this scheme, which pays income tax. A notification in this regard has been issued on August 10.
Atal Pension Yojana (APY) was launched in the financial year 2015-16. This scheme was started especially for those people who are not able to take benefit of any other government pension. In just 6 years, this scheme has reached 4 crore people. 99 lakhs joined this scheme only in the last financial year. According to the Pension Fund Regulatory and Development Authority, by the end of FY 2022, 4.01 crore people were investing in this scheme.
Now the rules have changed
According to a report by Live Mint, in the notification issued by the Department of Financial Services, which comes under the Ministry of Finance, it has been said that those who Income Tax If you fill, they will not be able to apply for the Atal Pension Scheme. The new rule of the Ministry of Finance will come into force on October 1, 2022. On or after October 1, the income tax payer who applies for this scheme will open the account, his account will be closed and the pension money deposited in the account will be returned to the subscribers.
Pension is available from 1 thousand to 5 thousand
Atal Pension Yojana (APY) is a pension scheme for the citizens of India, which is run for the workers of the unorganized sector. Under APY, a minimum pension is guaranteed which is Rs.1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or up to Rs.5,000 is given. According to the customer deposit money in this account, according to that, pension is given at the age of 60 years.
The investment amount and your age will determine how much pension you will get after maturity. This scheme is operated by the Pension Fund Regulatory and Development Authority (PFRDA).
