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HomeFinanceATAL PENSION YOJANA: 15 LAKH NEW SUBSCRIBERS ENROLLED VIA SBI IN 9...

ATAL PENSION YOJANA: 15 LAKH NEW SUBSCRIBERS ENROLLED VIA SBI IN 9 MONTHS

Over 15 lakh new subscribers have entered Atal Pension Yojana (APY) via State Bank of India (SBI) during 2020-21 so far, News agency PTI stated. As per data announced by Pension Fund Regulatory and Development Authority (PFRDA), more than 52 lakh unique subscribers have been registered in this pension plan till 31 December 2020. With this, the total registrations have passed the landmark of 2.75 crores.

APY, a guaranteed pension plan of the government, has seen substantial enrollments also in the times of coronavirus pandemic. SBI permits one to enroll for the Atal Pension Yojana both by visiting the branch or through the net banking facility.

Any individual who is a citizen of India and is between 18 years to 40 years is suitable for SBI Atal Pension Yojana. The individual should hold an active and KYC compliant bank account with SBI. The Atal Pension Scheme gives five fixed monthly pension options: ₹1,000, ₹2,000, ₹3,000, ₹4,000, and ₹5,000.

The amount is decreased from the subscriber’s account on a monthly, quarterly, or half-yearly basis. The amount ranges from ₹42 and ₹1,454 per month.

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HOW TO APPLY FOR APY BY SBI NET BANKING

-Login to your SBI net banking account.

-Select ‘Social Security Schemes’.

-Choose Atal Pension Yojana.

-Now, pick your savings account number that you want to link with the APY scheme.

-As quickly you click on submit, you get a choice to select the Customer Identification (CIF) number.

-Select the CIF which is system generated.

-Fill in the e-form which you get on your screen.

-After filling in the personal details, you’ll get the option of filing the nominee details.

– Select the pension details like amount, and contribution period-monthly, quarterly, or annually.

-Now submit the form and download the confirmation slip.

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