Saturday, June 27, 2015

PFRDA: ATAL PENSION YOJANA – BENEFITS AND FEATURES

Posted by Government Staff on 12:16 PM. ,,,,, - No comments

Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
Vasant Kunj, New Delhi-110070
ATAL PENSION YOJANA – BENEFITS AND FEATURES
1. Anybody in the age group of 18-40 years can join !!

2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.

3. Your contribution depends on your age and the pension plan you choose!

4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!

5. You can be an Income tax payer and still join APY.

6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!

7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.
The monthly contribution chart for different age groups and pension amounts is given below:
Joining Age Years of Contribution
Indicative Monthly Contribution under APY (Rs.)
Monthly pension of Rs. 1000. Indicative return of corpus Rs 1.70 lacs Monthly pension of Rs. 2000. Indicative return of corpus Rs3.40 lacs Monthly pension of Rs. 3000. Indicative return of corpus Rs 5.10 lacs Monthly pension of Rs. 4000. Indicative return of corpus Rs 6.80 lacs Monthly pension of Rs. 5000. Indicative return of corpus Rs 8.50 lacs
18 42 42 84 126 168 210
19 41 46 92 138 183 228
20 40 50 100 150 198 248
21 39 54 108 162 215 269
22 38 59 117 177 234 292
23 37 64 127 192 254 318
24 36 70 139 208 277 346
25 35 76 151 226 301 376
26 34 82 164 246 327 409
27 33 90 178 268 356 446
28 32 97 194 292 388 485
29 31 106 212 318 423 529
30 30 116 231 347 462 577
31 29 126 252 379 504 630
32 28 138 276 414 551 689
33 27 151 302 453 602 752
34 26 165 330 495 659 824
35 25 181 362 543 722 902
36 24 198 396 594 792 990
37 23 218 436 654 870 1,087
38 22 240 480 720 957 1,196
39 21 264 528 792 1,054 1,318
40 20 291 582 873 1164 1454

SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH
For more information, Please call on our APY Toll free No. 1800110069

Source: PFRDA

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