Atal Pension Yojana Pension Amount Doubled – Rs. 5000 to 10,000

Atal Pension Yojana Pension Amount Doubled

Atal Pension Yojana Pension Amount Doubled – The Central Government might give a big gift to the pensioners of the Atal Pension Yojana (APY). Under the Atal Pension Yojana, the central government is considering increasing the monthly pension limit to 10 thousand. Currently, the monthly pension amount is Rs, 5 thousand.

Atal Pension Yojana Pension Amount Doubled

In a program of Pension Fund Regulatory and Development Authority (PFRDA), joint secretary of the Department of Financial Services (DFS), Joint Secretary Madnes Kumar Mishra said that there is a need to increase the value of pension under this scheme.

He said, “Proposal for pension of Rs 10,000 per month has been sent to the government. The government is currently looking into it. Confirming this, PFRDA Chairman Hemantji Contractor also said that such proposal has been sent to the government to increase its subscribers base.

Currently, Following Slabs Are There

Contractor said that currently there are 5 slabs of pension under the Atal Pension Scheme. These slabs are between 1 thousand and 5 thousand rupees. He told that pension regulators get suggestions from the common people. These suggestions were recommended to increase the pension.

Apart from the proposal to increase the pension, PFRDA has sent two more proposals to the government. In this scheme, the maximum age limit for joining auto-enrollment and scheme is 50 years.

Contractor said that the age of 18 to 40 years is fixed for attending the Atal Pension Scheme for the time being. But now we have sent the proposal to the government for 50 years. There are a total number of 1.02 Crore people availing pension under this scheme.

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Atal Pension Yojana – Process for Online APY Subscriber Registration

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