Atal Pension Yojana: 8 lakh new subscribers enrolled by way of SBI in 5 months

Nearly 8 lakh new subscribers have joined Atal Pension Yojana (APY) by way of State Bank of India (SBI) throughout 201-22 up to now. As per knowledge launched by Pension Fund Regulatory and Development Authority (PFRDA), the variety of APY subscribers crossed the three.30 crore mark by August 25. Public sector banks accounted for the best variety of APY subscribers at over 2.33 crore, as per PFRDA knowledge. It was adopted by regional rural banks (61.32 lakh), personal banks (20.64 lakh), small finance banks and cost banks mixed (10.78 lakh), Department of Posts (3.40 lakh) and cooperative banks (84,627).

The nation’s high lender is within the first place with 7,99,428 subscribers. This knowledge is from 1 April 2021 to 24 August 2021.

Canara Bank, Airtel Payments Bank, Bank of Baroda adopted SBI with greater than 2 lakh APY enrolments every throughout the interval.

Union Bank of India, Bank of India, Indian Bank, Central Bank of India and Punjab National Bank have been among the many high banks, garnering greater than 1 lakh APY enrolments every throughout April 1-August 24, 2021.

Atal Pension Yojana Eligibility

Any one who is a citizen of India and is between 18 years to 40 years is eligible for SBI Atal Pension Yojana. The Atal Pension Scheme offers 5 fastened month-to-month pension choices: ₹1,000, ₹2,000, ₹3,000, ₹4,000 and ₹5,000.

SBI permits one to register for the Atal Pension Yojana both by visiting the department or by a web banking facility.

How to use for APY by SBI web banking

Login to your SBI netbanking account.Select ‘Social Security Schemes’.Choose Atal Pension Yojana.Now, choose the financial savings account quantity that you simply wish to hyperlink with the APY scheme.As quickly as you click on on submit, you get an choice to pick the Customer Identification (CIF) quantity.Select the CIF which is system generated.Fill within the e-form which is seen in your display.After filling within the private particulars, you will get the choice of submitting the nominee particulars.Select the pension particulars like quantity, and contribution period-monthly, quarterly or yearly.Now submit the shape and obtain the acknowledgement slip. 

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