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This average annual return of 29.35 per cent in equities in the first week of February is more than triple the return of about 7.87 per cent seen in corporate bonds.
Learn about Aadhaar seeding and onboarding facility for Atal Pension Yojana (APY). Register for eAPY, know the eligibility criteria, and get answers to FAQs. Find out how contributions are invested in APY.
The Pension Fund and Regulatory and Development Authority (PFRDA) has issued a master circular on the online facility to ease onboarding and seeding of Aadhaar for APY subscribers. The master circular was issued on January 31, 2024.
Under APY, a subscriber will receive a lifelong minimum guaranteed pension of ₹1,000 to ₹5,000 per month from the age of 60, depending on the contributions made, which itself would vary based on the age of joining the scheme.
The Central Record-Keeping Agencies (CRAs) will offer multiple models of interface and new processes for the allied offices to ensure maximum operational flexibility for the benefit of subscribers.