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Before the budget, the Atal Pension Yojana received a major update!!

Atal Pension Yojana

If you’ve also taken part in the Modi Government’s ambitious program Atal Pension Yojana, then there’s a new update on it. In the latest update, over 5 crore customers have registered for Atal Pension Yojana (APY) which is the most popular social security scheme run by the Central government. The information was provided to the Pension Fund Regulatory and Development Authority (PFRDA). PFRDA declared in a report that the pension fund performed extremely well in 2022.

9 lakh new registrations by 2022

In the year 2022 there were 1.25 million new registrations linked to the scheme. However, in 2021, only the registration of 92 lakh people was completed. Pension Fund said that so far, 29 banks have surpassed the goal set by the Central Government. In the public sector, the Bank of India, the State Bank of India (SBI), and the Indian Bank have achieved their annual targets, and 21 banks have met their goals in the Regional Rural Banks (RRB) category.

The percentage of registrations by females has been increasing

In RRBs. The highest registrations have been completed at Jharkhand State Gramin Bank, Vidarbha Konkan Gramin Bank, and Baroda in UP Bank. According to the announcement, PFRDA has taken several measures to ensure the maximum spread of this scheme. To coincide with the campaign to spread awareness that was announced in the Independence Day speech of Prime Minister Narendra Modi in 2021. In the campaign launched, the percentage of females registering for the scheme increased from 38 percent in 2021 to 45 percent in 2021.

What is Atal Pension Yojana

In accordance with current rules that you must be according to the current rules. If you are an Indian citizen & are aged between 18 and 40 years old. In addition to having a savings account at an office or bank where you are eligible, you could be eligible for APY. We will tell you that if you invest in the Atal Pension Yojana (APY). There is the possibility of receiving an amount of 5000 rupees every month following reaching the limit of age. With the latest change, those who file ITR for this scheme will not be able to open a bank account. This scheme was created specifically for those working in the non-organized sector.

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