Atal Pension Yojana scheme is being focused on the unorganized worker of the citizen of India for their retired this scheme is to encourage the worker to save the plutocrat till their retirement. An unorganized sector means the worker is not registered or not fixed term of job like farming, rickshaw pulling, fisherman, etc. Under this scheme, there is a guarantee minimum pension is up to 5000 per month will give till the age of 60 years, depending upon the subscriber how much they contributed. All bank holders can join a pension scheme.
The step is given below:-
All nationalized banks provide the application form or download it from the bank site or download from the Official website pension fund regulatory and development authority (PFRDA)
The application is available in many languages.
Exit in case of death:- in case of death of a subscriber, it will be settled to a spouse; it is the default nominee. If the spouse wants to continue to ATY scheme, she can take benefit, or he/she can close.
In this case subscriber, he or she wants to exit before 60 years. While withdrawing at the same time, the account maintenance charge and investment management of the APY scheme will be deducted. Amount contributed by the government will not be given, and the amount contributed by the subscriber in the APY scheme will be given.
Exit before 60 years accept only specific illness
the list is given below:-
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