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Number of subscribers of Atal Pension Yojana crosses 3.30 crore, 28 lakh new accounts opened in FY22

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This scheme was started by Prime Minister Narendra Modi on 9 May 2015. Its main target is the unorganized sector. Any citizen of 18 to 40 years who has a savings account in a bank or post office can join this scheme. Under this government-guaranteed scheme, the subscriber gets a pension of Rs 1,000 to Rs 5,000 depending on the contribution made by him from the retirement age of 60 years.

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According to the PFRDA  data, the share of public sector banks in APY is 2.33 crore. There are 84,627 APY accounts in lac and co-operative banks.

According to the data, from April 1 to August 24, SBI, Canara Bank, Airtel Payments Bank, Bank of Baroda, Union Bank of India, Bank of India, Indian Bank, Central Bank of India and Punjab National Bank accounted for more than one lakh each. Open more APY accounts.

Talking about various states, Uttar Pradesh, Bihar, West Bengal, Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka, Madhya Pradesh, Rajasthan, Gujarat and Odisha had more than 10 lakh APY accounts as on August 25, the statement said. . PFRDA said that about 78 percent of the subscribers have opted for a pension scheme of Rs 1,000. At the same time, about 14 percent have opted for a pension scheme of Rs 5,000.

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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