- Advertisement -
HomePersonal FinanceAtal Pension Yojana: Big change in Atal Pension Yojana! Now these accounts...

Atal Pension Yojana: Big change in Atal Pension Yojana! Now these accounts will be closed, know what’s change

- Advertisement -
- Advertisement -

Atal Pension Yojana: The Modi government has made a big change in the Atal Pension Yojana. Under this scheme, after 60 years, the pensioner gets a guarantee of pension of 1 thousand to 5 thousand rupees per month.


Atal Pension Yojana (APY): The central government has made changes in the Atal Pension Yojana. After the new changes, now many people will not be able to take advantage of this scheme. The government has made many changes in this pension scheme started in the name of former Prime Minister Atal Bihari Vajpayee. After the change, people who pay income tax will be out of its purview. Under the scheme, there is a provision to give pension from 1 thousand to 5 thousand rupees every month to the account holders after the age of 60 years. Know the change in the rule.

1. Income tax payers will not get the benefit

According to the new rule, people who come under the purview of income tax or pay tax. They will not be able to open an account under Atal Pension Yojana after October 1, 2022. Recently, the Ministry of Finance has issued a notification in this regard.

2. Income tax payers still have a chance

You deposit income tax and if you want to open an account in Atal Pension Yojana, then you can open an account in this scheme till 30 September 2022. Because according to the new rule, income tax payers will not be able to open an account in this scheme from October 1, 2022. However, if you apply for opening an account, the application will be cancelled.

3. What if the income tax payer got the account opened?

Those who have already opened an account, they will continue to get the benefit of this scheme. If the Atal Pension Yojana account is opened after October 1, and if that person is already paying income tax, then his account will be closed.

4. What will happen to the deposited money if the account is closed

If an income tax payer opens an account in Atal Pension Yojana after 30th September, then the money deposited by him after closing the account will be returned to him.

5. Who can take the benefit of Atal Pension Yojana

According to Atal Pension Yojana, all Indian citizens in the age group of 18 years to 40 years can take advantage of Atal Pension Yojana. One can become a part of this scheme by opening an account in a bank or post office savings bank. By March 2022, more than 4 crore people have become part of Atal Pension Yojana.

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
RELATED ARTICLES

Most Popular

Recent Comments