Aadhaar Card

Atal Pension Yojana (APY), launched by PM Narendra Modi, had received great appreciation for its benefits that it is proposed to yield to the lower sector citizens of India. Depending on the contribution that the subscriber makes under this scheme, he receives a monthly pension from the age of 60 years. Aadhaar Card Mandatory for Kerosene Subsidy and Atal Pension Let’s assess what the other features of this scheme are: The subscriber is entitled to monthly pension of the amount that he has accrued over the period by paying monthly premiums. The pension will be provided lifelong to the subscriber. The spouse continues to get the pension after the death of the subscriber. The corpus fund is assured to the subscriber’s now in the wake of death of both the subscriber and the spouse. The lucrative scheme has a few primary eligibility criteria. They are the below The age of the subscriber needs to be between 18-40 years. The subscriber needs to be a valid Savings bank holder...

Regulatory PFRDA has asked Atal Pension Yojana (APY) service providers to use a revised form to seek consent of subscribers for seeding Aadhaar with their accounts from Monday. APY a guaranteed pension scheme is government's flagship social security Programme.  The Pension Fund Regulatory and development authority (PFRDA) in circular said several meetings were held with department of financial services in the finance ministry and APY service providers with reference to Aadhaar seeding and authentication in APY accounts. The last such meetings was held about a month ago in which officials from Punjab National Bank, Punjab and Sindh Bank, Bank of Baroda, and Oriental Bank of Commerce participated. It further said that the APY subscriber registration form has been suitably modified to obtain the consent of the subscriber for Aadhaar seeding and subsequent authentication. All APY service provider are informed to obtain the revised form with effect from Jan 2018 and to...