Jhalawar Kendriya Sahkari Bank Ltd. , Jhalawar

Atal Pension Yojna (APY)

The Government of India has announced a new scheme called Atal Pension Yojana (APY). APY is a guaranteed pension scheme and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Jhalawar Kendriya Sahkari Bank is registered with PFRDA to provide APY related services.

Features

Guaranteed monthly pension for subscribers, ranging from Rs. 1,000 to Rs. 5,000 per month.
Government of India (GoI) will also co-contribute 50% of the subscriber’s contribution or Rs. 1,000 per annum, whichever is lower. The Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not an Income Tax payer
GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme in the period June 1 to December 31, 2015. The benefit of five years of Government co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.