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HomeUncategorizedAtal Pension Yojana is allowed to reduce the premium, how can it...

Atal Pension Yojana is allowed to reduce the premium, how can it work

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  • Under the Atal Pension Yojana, if the account holders want to change the amount of their premium (change in apy premium), then they can do this anytime of the year.
  • Usually in March, this work is done due to coronavirus
  • More than 2 crore people joined this scheme

New Delhi: Atal Pension Yojna was launched by the government for people working in low income (LIG) and unorganized sector. This scheme of the government is quite popular among the people, but now the government is going to make a big mess in it.

Can changes: the Premium account holders under Atal Pension Plan if the want to change the amount of your premium that a year can never be. According to PFRDA, in this arrangement APY shareholders will be able to change their income and APY premium. The organization can consider their request at any time. Earlier account holders could only do this in the month of Arail. By the way, under Atal Pension Yojna (APY), any person can get maximum 5000 rupees monthly i.e. 60 thousand rupees annually. You know that under the Atal Pension Yojana, about 2.28 crore shareholders are registered.



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What is the process – If you want to downgrade or upgrade, you will have to fill a form and inform the bank. The difference that will be made on downgrading will be credited to your account.



How to do online – You can also do this work sitting at home, but keep in mind that you will have to visit different links for more or less both works. For example, to upgrade the APY account, to increase the premium you have to visit the link https://npslite-nsdl.com/CRAlite/APYUPDNGradeView.do . While the downgrade means to reduce the premium one has to visit the link https://npslite-nsdl.com/CRAlite/APYDNGradeView.do .

Similarly to do this offline, you need to
https://npscra.nsdl.co.in/nsdl/forms/Form_to_Upgrade-Downgrade_Pension_under_APY.pdf fill this form with the latest information and give it to the bank.

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