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I am a government teacher in Punjab. I don't have a pension account. Can I apply for APY?

Asked on 28-08-2018 by vipan kaushal

Answered by NewsBytes

Yes, you can apply for the APY scheme. To be eligible for this scheme, one must be an Indian citizen aged 18-40 years. The subscribers should hold a valid account either with a bank or a post office.

I have subscribed to this scheme through SBI. I need to increase my contribution. What is the process for that?

Asked on 28-08-2018 by Kunal Patil

Answered by NewsBytes

To increase the contribution to your APY account, you need to fill the 'Form to upgrade/downgrade pension amount' which is available on the official website of NSDL. Fill the necessary details and the revised amount and submit the form.

Can my wife apply for NPS? She is a housewife.

Asked on 28-08-2018 by sonia sambyal

Answered by NewsBytes

Your wife can apply for NPS even if she is a housewife. APY is an affordable government-backed old-age income security plan. In order to be eligible for the scheme, one must be an Indian citizen aged 18-40 years. The subscribers should also hold a valid account either with a bank or the post office.

I am a private employee and I have a pf account. Can I contribute in APY account?

Asked on 28-08-2018 by Sonu Kalla

Answered by NewsBytes

Yes, you can contribute in the APY account. Any person between 18-40 years can apply for this scheme. The person should have a saving bank account.

My mother is 47 years old. How can she apply for APY?

Asked on 28-08-2018 by sonia sambyal

Answered by NewsBytes

Your mother can not apply for Atal Pension Yojna as the maximum age limit to join APY is 40 years.

What if we are dead before 60? Who will get the pension money?

Asked on 28-08-2018 by Jyoti Satija

Answered by NewsBytes

In case the subscriber dies before 60, the spouse of the subscriber can choose to continue contributing to the APY Account. The account can be maintained in the spouse's name for the remaining vesting period.

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