Big change in Atal Pension Scheme, now such people will not be able to apply, know the new rule

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.

Aug 11, 2022 | 9:59 am

TV9 Bharatvarsh | Edited By: Ravikant Singh


Aug 11, 2022 | 9:59 am




A major change has been made in the Atal Pension Scheme or APY.  According to the report of an online website, a person who is an income taxpayer cannot apply for the Atal Pension Scheme.  Atal Pension Scheme was started in 2015 under which pension is given to the applicant every month.  Actually, this scheme was started to facilitate pension to the people working in the unorganized sector.  The report states, the Finance Ministry has decided that those who pay income tax will not be able to apply for the Atal Pension Scheme.  The report also states that the new rule of the Finance Ministry is coming into force from October 1, 2022.

A major change has been made in the Atal Pension Scheme or APY. According to the report of an online website, a person who is an income taxpayer cannot apply for the Atal Pension Scheme. Atal Pension Scheme was started in 2015 under which pension is given to the applicant every month. Actually, this scheme was started to facilitate pension to the people working in the unorganized sector. The report states, the Finance Ministry has decided that those who pay income tax will not be able to apply for the Atal Pension Scheme. The report also states that the new rule of the Finance Ministry is coming into force from October 1, 2022.

The gazette notification of this decision has been issued on August 10.  According to the rules, any citizen who pays tax under the Income Tax Act, that person will not be able to apply for the Atal Pension Scheme after October 1.  The rule states that a person who applies for APY after October 1 and if he comes under the purview of income tax, his application and account will be closed immediately.  If the pension money has been deposited in the account, then it will also have to be returned.

The gazette notification of this decision has been issued on August 10. According to the rules, any citizen who pays tax under the Income Tax Act, that person will not be able to apply for the Atal Pension Scheme after October 1. The rule states that a person who applies for APY after October 1 and if he comes under the purview of income tax, his application and account will be closed immediately. If the pension money has been deposited in the account, then it will also have to be returned.

If you see the eligibility or eligibility of Atal Pension Scheme, then every citizen of India can apply for it.  But a new rule has been issued regarding income tax.  Applicant's age should be between 18 to 40 years to apply for APY.  The applicant should have a savings account, if you do not already have an account, then you have to open a savings account.  The applicant should also have a mobile number.  It will be necessary to give this mobile number to the bank where you want to apply for Atal Pension Scheme.

If you see the eligibility or eligibility of Atal Pension Scheme, then every citizen of India can apply for it. But a new rule has been issued regarding income tax. Applicant’s age should be between 18 to 40 years to apply for APY. The applicant should have a savings account, if you do not already have an account then you have to open a savings account. The applicant should also have a mobile number. It will be necessary to give this mobile number to the bank where you want to apply for Atal Pension Scheme.

Atal Pension Yojana documents include bank and savings account details, duly filled APY registration form, Aadhaar / mobile number as well as savings account balance details.  Under Atal Pension Scheme, a pension of Rs 1,000 to Rs 5,000 is given.  This scheme is run by the Pension Fund Regulatory and Development Authority (PFRDA).  But for this you have to open APY account in any bank.  Your money will be deposited in that bank and later you will get pension.  That bank will take money from you on auto debit basis.  The account will continue to be auto debited once the APY form is registered.

Atal Pension Yojana documents include bank and savings account details, duly filled APY registration form, Aadhaar / mobile number as well as savings account balance details. Under Atal Pension Scheme, a pension of Rs 1,000 to Rs 5,000 is given. This scheme is run by the Pension Fund Regulatory and Development Authority (PFRDA). But for this you have to open APY account in any bank. Your money will be deposited in that bank and later you will get pension. That bank will take money from you on auto debit basis. The account will continue to be auto debited once the APY form is registered.

Let us know about this scheme in detail.  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 contribution under APY is invested as per the guidelines laid down by the Ministry of Finance, Government of India.  APY scheme is operated by PFRDA which is a government agency.

Let us know about this scheme in detail. 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 contribution under APY is invested as per the guidelines laid down by the Ministry of Finance, Government of India. APY scheme is operated by PFRDA which is a government agency.






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