Around 8 lakh new subscribers have joined Atal Pension Yojana (APY) via the State Bank of India (SBI) throughout 201-22 to date. As per information released by Pension Fund Regulatory and Growth Authority (PFRDA), the variety of APY subscribers crossed the three.30 crore mark by August 25. Public sector banks accounted for the best variety of APY subscribers at over 2.33 crore, as per PFRDA information. It was adopted by regional rural banks (61.32 lakh), non-public banks (20.64 lakh), small finance banks, and fee banks mixed (10.78 lakh), Division of Posts (3.40 lakh), and cooperative banks (84,627).
India’s prime lender is in the top place with 7,99,428 subscribers. This report is from 1 April 2021 to 24 August 2021.
Airtel Funds Financial institution, Canara Financial institution, Financial institution of Baroda adopted SBI with greater than 2 lakh APY enrolments every through the interval.
Union Bank of India, Bank of India, Indian Bank, Central Bank of India, and Punjab National Bank have been among the many high banks, garnering greater than 1 lakh APY enrolments every throughout April 1-August 24, 2021.
Atal Pension Yojana; Eligibility :
Anyone who is between 18 years to 40 years and is a citizen of India is eligible for SBI Atal Pension Yojana. The Atal Pension Scheme offers 5 fastened month-to-month pension choices: ₹1,000, ₹2,000, ₹3,000, ₹4,000, and ₹5,000.
Through SBI one can register for the Atal Pension Yojana both by visiting the department or by a web banking facility.
How to use for APY by SBI web-banking:
- Login to your SBI netbanking account.
- Click on ‘Social Safety Schemes’.
- Select Atal Pension Yojana.
- Now, choose the financial savings account quantity that you simply wish to hyperlink with the APY scheme.
- As quickly as you click on submit, you get the possibility to pick the Buyer Identification (CIF) quantity.
- Select the CIF which is system generated.
- Fill within the e-form which is seen in your display.
- After filling within the private particulars, you will get the choice of submitting the nominee particulars.
- Select the pension particulars like quantity, and contribution period-monthly, quarterly or yearly.
- Now by submitting the shape and you can obtain the acknowledgement slip.
