Regarding this, personal finance expert Pankaj Mathpal says that if you have invested in Atal Pension Yojana, then the new rule will not affect you. Even if you are already a taxpayer. Those who opened the account before 1 October will continue to get the benefit of the scheme.

The documents related to Atal Pension Yojana include bank and savings account information as well as APY registration form, Aadhaar / mobile number and balance details in savings account. Under this scheme of the central government, a pension of Rs 1,000 to Rs 5,000 is given.

This scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). You can open an APY account in any bank for the scheme. Your money is deducted from that bank account through auto debit.

Atal Pension Yojana (APY) is a good scheme for Indian workers in the unorganized sector. Under APY, a minimum pension of Rs 1,000, 2,000, 3,000, 4,000 or 5,000 is guaranteed. According to which you give consent to the bank, the money will be deposited and you will get pension.

The post Atal Pension Yojana rules will change from 1st October 2022, check new rule immediately first appeared on Rightsofemployees.com.

The government has made a big change in the rules of Atal Pension Yojana, started for the convenience of pension to the people working in the unorganized sector. After October 1, 2022, no such person will be able to invest in this scheme, which pays income tax. A notification in this regard has been issued on August 10.

Atal Pension Yojana (APY) was launched in the financial year 2015-16. This scheme was started especially for those people who are not able to take benefit of any other government pension. In just 6 years, this scheme has reached 4 crore people. 99 lakhs joined this scheme only in the last financial year. According to the Pension Fund Regulatory and Development Authority, by the end of FY 2022, 4.01 crore people were investing in this scheme.

Now the rules have changed

According to a report by Live Mint, in the notification issued by the Department of Financial Services, which comes under the Ministry of Finance, it has been said that those who Income Tax If you fill, they will not be able to apply for the Atal Pension Scheme. The new rule of the Ministry of Finance will come into force on October 1, 2022. On or after October 1, the income tax payer who applies for this scheme will open the account, his account will be closed and the pension money deposited in the account will be returned to the subscribers.

Pension is available from 1 thousand to 5 thousand

Atal Pension Yojana (APY) is a pension scheme for the citizens of India, which is run for the workers of the unorganized sector. Under APY, a minimum pension is guaranteed which is Rs.1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or up to Rs.5,000 is given. According to the customer deposit money in this account, according to that, pension is given at the age of 60 years.

The investment amount and your age will determine how much pension you will get after maturity. This scheme is operated by the Pension Fund Regulatory and Development Authority (PFRDA).

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