ESAF Small Finance Bank, Palayamkottai, tirunelveli Bank Branches in Palayamkottai, tirunelveli, tamil nadu
INR https://branches.esafbank.com/esaf/banks-in-tirunelveli/banks-in-palayamkottai/esaf-small-finance-bank-in-palayamkottai-tirunelveli--760b3644-7942-48f5-9604-ddfc4c39e472/products/atal-pension-yojana-apy--2a39f1a6-4554-44d9-9678-c1da159bdd1b ESAF Small Finance Bank Door No 58, Ground Floor, IVY Towers, Trivandrum Main Road Palayamkottai,
tirunelveli 627002
Door No 58, Ground Floor, IVY Towers, Trivandrum Main Road, Beside Muthamil Hospital, Palayamkottai, tirunelveli, tamil nadu - 627002
ESAF Small Finance Bank Services in Palayamkottai, tirunelveli
ESAF Small Finance Atal Pension Yojana (APY)
SKU: APY
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Atal Pension Yojana (APY) is a guaranteed pension scheme by Government of India and regulated by PFRDA. The features and benefits of APY include guaranteed monthly pensions, tax benefit and auto-debit feature. Click Here To Download Atal Pension Yojana Leaflet
Highlights
Eligibility Criteria:
1. Citizen of India.
2. Between 18 and 40 years of Age.
3. An active ESAF Savings Bank A/c holder.
Triple Benefits of APY:
- APY Product leaflet is to be added along with the product brief.
- Government of India- guaranteed pension amount to the subscriber
- Subscriber shall receive a guaranteed minimum pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000 or Rs 5000 per month after the age of 60 years until death.
- Government of India- guaranteed pension amount to the spouse
- After the death of subscriber (post age 60), the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse.
- Corpus amount to the survivor/legal heir of the subscriber
- After the death of both the subscriber (post age 60) and the spouse, the survivor/legal heir of the subscriber shall be entitled to receive the corpus (Rs.1.70 lakh to Rs.8.50 lakhs, depending upon pension amount opted).
Exit & Withdrawal:
- On completion of 60 years, subscriber will get the guaranteed minimum monthly pension or higher monthly pension, depending on the investment returns.
- In the event of death of subscriber before the age of 60 years, the accumulated pension wealth till date would be given to the nominee.
- In case of voluntary exit, the accumulated pension wealth till date after deducting charges and government co-contribution (if any) will be credited to the Savings Account of the subscriber.
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