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- Register your nomination in the Demat Account before 31st Dec 2023. If you do not wish to register, please fill opt out form for nomination before 31st December '23. Else the account will be freeze from 1st January 2024
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- DICGC Premium paid upto 30/09/2024
- Account Viewing Facility Available
- Senior citizen 0.50% more interest rate on deposits of more than 1 year
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- Bank Holiday on Second and Fourth Saturday
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- Net NPA 0%
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Atal Pension Yojna (APY)
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Atal Pension Yojana (APY) is open to all bank account holders.
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The subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 year.
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The scheme is available to any citizen of India with Age 18-40 Years.
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Under APY, the monthly pension would be available to the subscriber, and after him to his spouse and after their death, the pension corpus, as accumulated at age 60 of the subscriber, would be returned to the nominee of the subscriber.
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Government of India also co-contribute 50% of the subscriber’s contribution or Rs.1000 per annum, whichever is lower.
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Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not an income tax payer.
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Central Government guaranteed minimum pension amount: - Each subscriber under APY shall receive a Central Government guaranteed maximum pension of Rs.5000 per month, after the age of 60 years until death.
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Central Government guaranteed minimum pension amount to the spouse: - After the subscriber’s demise, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the house.
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Return of the pension wealth to the nominee of the subscriber:- After the demise of both the subscriber and spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber.
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Subscriber’s Contribution Chart is enclosed.
