Finance Guru Speaks: This article will provide you Account Closure Form for Atal Pension Yojana (APY)
Note: Exit before 60 years of age is generally not permitted, it may be permitted by PFRDA only in exceptional circumstances, i.e., in the event of the death of beneficiary or terminal disease etc., in-line with the provisions for pre-mature exit under NPS.
In case a subscriber, who has availed Government co-contribution under APY, chooses to voluntarily exit APY at a future date, he shall only be refunded the contributions made by him to APY, along with the net actual accrued income earned on his contributions (after deducting the account maintenance charges). The Government co-contribution, and the accrued income earned on the Government co-contribution, shall not be returned to such subscribers.
Also read:
No comments:
Post a Comment
Thanks for your interest. Keep visiting.
Sincerely,
Finance guru Speaks