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Questions and Answers
Who is eligible to participate in the Atal Pension Yojana?
Who is eligible to participate in the Atal Pension Yojana?
- Only those who earn less than a certain income threshold
- Workers in the organized sector
- All Indians
- Bank account holders between 18 and 40 years old who are not income tax payers (correct)
What is the minimum pension amount that subscribers to APY can receive after the age of 60?
What is the minimum pension amount that subscribers to APY can receive after the age of 60?
- Rs. 4000
- Rs. 1000 (correct)
- Rs. 2000
- Rs. 3000
What happens to the pension corpus if the subscriber dies before the age of 60?
What happens to the pension corpus if the subscriber dies before the age of 60?
- It is donated to charity
- It is returned to the subscriber's spouse
- It is forfeited
- It is returned to the subscriber's nominee (correct)
