Investing in your Atal Pension Yojana may be affected. No money has been deducted for this scheme between lockdown. But now the central government has asked people to regularize their accounts before September 30 to continue the scheme.
New Delhi: Investing in Your Atal Pension Yojana may be affected. During lockdown, money has not been deducted for the scheme over the past few months. But now the central government has asked people to regularize their accounts before September 30 to continue the scheme. If not, subscribers may be fined. In fact, in view of the crisis of the corona epidemic, the central government had suspended the Auto Debit facility in Atal Pension Yojana till June 2020 to provide relief to the people. So that people have money to run their home in their hands. The auto-debit facility was then resumed from July 1, and subscribers were given time till September 30. In which they can repay their outstanding contributions and also regularize their APY account to avoid penalty.
These subscribers need not be afraid
Understand what you need to be home with this government decree. In fact, the auto debit facility in Atal Pension Yojana was suspended in April, but it did not come into effect until mid-April. This means that most subscribers may have made their April contribution. They don’t need to be disturbed. Secondly, if the subscriber pays in his APY on a quarterly or half-yearly basis, and the payment has been auto-debited in April, such subscribers need not be afraid. They will neither have to fill the penalty nor need to regularize the APY account. The auto debit facility for such subscribers will be automatically launched for the next quarter i.e. July to September (July-September). Whether the subscriber’s payment is truncated, they can check in the account detail.
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Which subscribers have trouble?
However, subscribers who have been making monthly, quarterly or half-yearly payments should be alerted, and who are paid in May or June. It is likely that these subscribers have not been paid in APY. Because it was two months when the auto debit facility in Atal Pension Yojana was completely suspended. Such subscribers should immediately check whether their payment has been paid or not, if the instalment has not gone, pay it immediately so that the penalty can be avoided.
Check whether the APY installment is chopped or not?
To check whether all installments in Atal Pension Yojana have been timely, remove apy transactions or remove a bank account statement registered there. This will clear how long the subscriber’s instalment has been cut. Another way is to check mobile SMS alerts. If there is a message of instalment twice in July, understand that the second payment was outstanding and now it is deducted. Visit the https://npslite-nsdl.com/CRAlite/EPranAPYOnloadAction to get a complete look. Subscribers can download their APY statement from here. Statements can also be viewed from the APY mobile app. Once the APY comment is downloaded, check if all your installments are cut.
How to regularize an APY account
After looking at the Atal Pension Yojana statement, if it is known that no instalment has been auto debited since July 1. Consult your bank immediately and ask for your APY account to be regular.
