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HomePersonal FinancePension New Rules: Biggest change has happened in this pension scheme so...

Pension New Rules: Biggest change has happened in this pension scheme so far, to avoid loss, know immediately

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New Delhi: In today’s time, everything is becoming digital in the country, due to which people are getting many types of facilities sitting at home. In such a situation, there is no need for people to wander anywhere.


There was always a complaint of the people that I wish they were able to deposit money through UPI (UPI Payment System) even in the investment scheme. So that it becomes easy and contributions can be made on time.

The same government has given a gift to millions of people, for the people investing in the National Pension Scheme (NPS) or Atal Pension Yojana (APY), a big facility has been implemented in contributing from their phones. Let us tell you that changes have been made in both NPS and Atal Pension Yojana by Pension Fund Regulator PFRDA. After the new change, now the subscribers associated with the scheme will be able to pay the contribution through UPI (UPI Payment System).

This special facility has been implemented in Atal Pension Yojana

Pension fund regulator PFRDA (PFRDA) has given great information in this regard, stating that if the subscriber in this scheme pays his contribution before 9.30 am, then it will be considered as the same day’s investment. But the amount deposited in the account after 9.30 am will be counted in the next day’s investment.

Let us tell you that earlier the subscribers could send the amount of contribution through IMPS / NEFT / RTGS (IMPS / NEFT / RTGS). But after increasing its scope, now UPI (UPI Payment System) can also be done. Due to which people will get a lot of ease.

These people will not be able to invest in Atal Pension Yojana

As per the investment rule of Atal Pension Yojana (APY), this pension scheme is for the employees working in the unorganized sector. The subscribers of this scheme get a guaranteed minimum pension of Rs 1,000 to Rs 5,000 monthly after attaining the age of 60 years depending on their contribution. This is one of the biggest features of Atal Pension Yojana (APY).

However, let us tell you that such updates keep coming from time to time in Atal Pension Yojana (APY), in which changes have been made in Atal Pension Yojana from last October 1. According to the new rule of Atal Pension Yojana (APY), now income tax payers will not be able to apply for Atal Pension Yojana (APY).

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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