- No relief in ATAL Pension Yojana
- Installment will have to be given every month
- PFRDA gave exemption till June 30 due to Corona
- Atal Pension Yojna was launched by the government for the people working in the unorganized sector (UNORGANISED SECTOR)
- New Delhi: The period of exemption from auto debit in ‘Atal Pension Yojana’ has come to an end on June 30. Which means that from July, auto debit will start once again from the account of those investing in this scheme. The government had abolished the auto debit condition of the scheme till June (CHANGES IN ATAL PENSION YOJANA) as most of the beneficiaries under this scheme are from lower and unorganized sector. Now this month i.e. from July, the installment for this scheme from the account holders of this scheme will start cutting once again.
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The Pension Fund Regulatory and Development Authority (PFRDA) in April directed banks not to deduct money under APY by 30 June. Now PFRDA has directed to start auto debit from 1 July, subscribers of this scheme have been told this by mail.
Atal Pension Yojna was launched by the government for people working in low income (LIG) and unorganized sector (UNORGANISED SECTOR). By the way, under Atal Pension Yojna (APY), any person can get a maximum of 5000 rupees a month i.e. 60 thousand rupees annually.
But one has to meet certain parameters to invest in this scheme. That is, if you do not meet those conditions then you cannot get the benefit of these schemes.
Who can not invest (Eligibility for APY) – The question arises that if all Indians can invest in it then who is outside its scope. So the first condition of this scheme is that you should be out of the income tax. Yes! Such people who come under the purview of income tax cannot be included in this scheme.
