*ATAL PENSION YOJANA TOTAL ENROLMENTS CROSSED 2.4 CRORE* *MORE THAN 17 LAC APY ACCOUNTS SOURCED DURING FY 2020-21*

The Atal Pension Yojana launched by Government of India is being administered by PFRDA. The scheme can be joined by any Citizen of India between the age group of 18-40 years through the bank branches or post office where one has the savings bank account. Under the scheme, a subscriber would receive a minimum guaranteed pension of Rs.1000 to Rs.5000 per month, depending upon his contributions, from the age of 60 years. The same pension would be paid to the spouse of the subscriber after death of the subscriber, and on the demise of both the subscriber and spouse, the pension wealth as accumulated till age 60 years of the subscriber, is returned to the nominee.


 


 


 


More than 17 lac APY accounts have already been sourced by 260 APY service Providers during the FY 2020-21. Overall, APY subscriber base has crossed 2.4 crore as on 20th August 2020. The year on year Bank Category wise number of APY enrolments is as follows:


 


 


 


Category of Banks


 


As on date (*March 31, 2016)


 


As on date (March 31, 2017)


 


As on date (March 31, 2018)


 


As on date (March 31, 2019)


 


As on date (March 31, 2020)


 


Additions from April 1, 2020 to August 20, 2020


 


As on date


 


(August 20, 2020)


 


 


 


Public Sector Banks


 


1,693,190


 


3,047,273


 


6,553,397


 


10,719,758


 


1,56,75,442


 


1,262,721


 


16,938,163


 


Private Banks


 


218,086


 


497,323


 


873,901


 


1,145,289


 


15,62,997


 


90,219


 


1,653,216


 


Small Finance Bank


 


-


 


-


 


-


 


9,190


 


15,760


 


266


 


16,026


 


Payment Bank


 


-


 


-


 


-


 


48,182


 


3,44,001


 


75,497


 


419,498


 


Regional Rural Banks


 


476,373


 


1,115,257


 


1,987,176


 


3,171,152


 


43,30,190


 


275,750


 


4,605,940


 


District Co-op Banks


 


21,222


 


29,791


 


33,880


 


38,863


 


48,581


 


403


 


48,984


 


State Co-op Banks


 


354


 


680


 


805


 


1,053


 


4,620


 


123


 


4,743


 


Urban Co-op Banks


 


327


 


3,507


 


10,936


 


14,469


 


17,355


 


957


 


18,312


 


DOP


 


75,343


 


189,998


 


245,366


 


270,329


 


3,02,712


 


2,675


 


305,387


 


Total


 


2,484,895


 


4,883,829


 


9,705,461


 


15,418,285


 


2,23,01,658


 


1,708,611


 


24,010,269


 


 


 


 


In the current financial year under Public Sector category, SBI has sourced the highest APY accounts so far, while under Private Sector, Axis Bank; under RRBs, Aryavart Bank and under Payment Banks, Airtel Payment Bank; have sourced the highest APY accounts.


 


 


 


Out of the total subscriber base as on 20th August 2020, nearly 73.38% subscribers have opted for Rs 1000 pension plan and 16.93% for Rs 5000 pension plan, 43.52% are female subscribers and 56.45% are male subscribers, 52.55% subscribers are aged between 21 to 30 years.


 


 


 


Encouraged by the increasing number of enrolments under the Scheme since its inception, PFRDA will continue its endeavour to popularize the by launching various APY Campaigns at national and State level, conduct of Town-hall meetings, engaging SLBCs and LDMs, wide publicity through digital media etc. in the FY 2020-21 to take APY enrolments to greater heights and contribute towards making India a pensioned society.


Popular posts from this blog

*Aakash Institute Student Akanksha Singh from Kushinagar (UP) Secures AIR 2nd Nationally in the NEET 2020 Examination; Scores Highest ever marks in NEET’s history, Top Score at National Level, Becomes Inspiration for many Girls in Purvanchal*

सोनी सब के ‘काटेलाल एंड संस' में क्या गरिमा और सुशीला की सच्चाई धर्मपाल के सामने आ जाएगी

*Amrita Vishwa Vidyapeetham First Indian University to Partner with EU’s Human Brain Project*