#aadhar pay api

[rrfinpay]

White Label Service Provider | White Label

RRFinPay Is a white label services agency with a team of dedicated developers, designers and marketers working together as an extension of your in-house team.

Api Solution

[sudheervanguri]

SMS Life Sciences India Limited: Walk-in Interview for Production, Engineering & Maintenance Roles SMS Life Sciences India Limited, a leading API manufacturer and recipient of the "India Pharma Bulk Drug Company of the Year Award" in 2020, is hosting a walk-in interview for positions in Production, Engineering, and Maintenance. The walk-in interviews are scheduled for 18th & 19th October 2024 at the SMS Life Sciences facility in Sangareddy, Telangana. Read on for detailed information about available roles, qualifications, and how you can apply. About SMS Life Sciences India Limited Established in 1990, SMS Life Sciences India Limited has earned a strong reputation in the pharmaceutical API manufacturing industry. With state-of-the-art facilities that meet international standards and USFDA approval, SMS Life Sciences focuses on innovation, quality, and regulatory compliance. Vacancy Information 1. Production Roles Qualifications: Any degree Experience: 1 to 2 years Responsibilities: Handling equipment such as Reactors, Centrifuges, and Driers. Ensuring adherence to GMP, GDP, and safety practices. Active involvement in daily production processes. Skills Required: Experience in API production activities. Strong knowledge of pharmaceutical production protocols. 2. Engineering & Maintenance Roles Qualifications: ITI/Diploma in Mechanical Engineering or B.Tech Experience: Fitter: 1 to 2 years of experience in Running Maintenance, Preventive Maintenance, and Production Maintenance. 2 to 4 years of experience in Preventive Maintenance and maintenance of pharmaceutical production equipment. Skills Required: Expertise in preventive maintenance of production equipment in a pharmaceutical API environment. General Requirements: Preference will be given to male candidates with experience in regulatory API plants. Candidates with a background in API manufacturing will be considered. Walk-in Interview Details Dates: 18th & 19th October 2024 Time: 9:00 AM to 12:30 PM Venue: SMS Life Sciences India Limited, Unit-1, Survey No-180/2, Khazipally Village, Jinnaram Mandal, Sangareddy District, Telangana. Important Notes: Candidates attending the interview must bring the following documents: Latest 3 months' pay slips Resume Educational certificates Aadhar Card PAN Card UAN Number How to Apply: If you are unable to attend the walk-in interview, you can still apply by sending your updated CV to careers@smslife.in. For any further inquiries, please contact Mr. Guru Prasad at +91 9182360486.

[rainet00]

Bharat Pay Api

Rainet Technology is a software development company that specializes in the development of Bharat Pay API for businesses. The company offers an array of services and solutions to meet the needs of businesses, such as BBPS API Provider, AEPS API Provider, and more. With an experienced team of developers and creative professionals, Rainet Technology has become one of the leading App Development Company in India. The company provides reliable solutions that can help businesses to streamline their operations and improve customer experience. With the help of the Bharat Pay API, businesses can easily integrate payment solutions into their applications or websites for faster transactions.

Rainet Technology is an App development company and software development company in India that helps its customers to build successful business solutions. As a BBPS API Provider, Rainet offers comprehensive services for businesses to integrate Bharat Pay API into their applications. This API helps businesses to process payments securely and quickly via Unified Payments Interface (UPI). The AEPS API Provider also gives businesses access to Aadhar Enabled Payment System (AEPS) for convenient and secure transactions. With Rainet's expertise in app development, the company provides reliable solutions with Bharat Pay API that can help businesses operate more efficiently and cost-effectively.

Bharat Pay Api, powered by Rainet Technology, is set to revolutionize the way businesses handle their transactions. Rainet is a leading App Development Company and Software Development Company that provides BBPS API and AEPS API services. The Bharat Pay Api helps businesses to quickly and securely process payments from customers via different payment modes such as UPI, debit card, net banking etc. It can also integrate with existing e-commerce platforms for seamless payments. This makes it an ideal payment solution for online stores as well as brick-and-mortar stores. With the help of this api, businesses can easily manage their financial operations in an efficient manner with minimum effort and cost.

Rainet Technology is a leading App Development & Software Development Company in India. They have also recently become an authorized BBPS API Provider, AEPS API Provider and Bharat Pay Api Provider. With their expertise in the field, Rainet Technology will help you to build cutting-edge apps and develop advanced software solutions that can help you stay ahead of the competition. Their team of experienced professionals will ensure that your project is handled efficiently and on time. With their experience as a BBPS API Provider and AEPS API Provider, they can provide you with the highest quality services according to your needs. They have also recently become a Bharat Pay Api provider which will help you integrate your payment solutions into your applications quickly and easily.

Visit Website: https://rainet.co.in/BBPS-API-Integration.php

[startlingworld]

Aadhaar Pay's services are now being provided by almost all the banks. AEPS is a bank-led model using PoS (Point of Sale / Micro ATM) through Business Correspondent (BC) / Bank Mitra of any bank using Aadhaar authentication. But online interoperable allows financial transactions and you can increase your business.

Call Now: 9956251008

Website: www.startlingworld.in

[aeps-api-provider-company]

Build & Grow Your FinTech Network with AePS API Provider

RBP Finivis Pvt. Ltd. is among the aeps api provider in india which has been working to cater the financial needs of millions of low and moderate-income people residing in rural and semi-urban areas. We have come into the market as a FinTech industry to help other businesses to walk in as successful FinTech businesses.

Here, FinTech refers to financial technology that is used to support or enable banking and financial services. And we are present with our various API-oriented services across the boundaries such as AePS, Micro ATM, Bharat Bill Payment System, and Domestic Money Transfer. Out of these, let us discuss one of our unique API & SDK i.e. AePS (Aadhaar Enabled Payment System).

A Convenient Platform To Perform Banking Transactions Using Aadhaar Card:

AePS Service via compatible API and SDK, developed by NPCI with the initiative of RBI is a simple and highly secure financial transaction system for Indians using Aadhaar linked bank accounts. However, AePS supports easy card-less and pin-less cash withdrawal, balance inquiry, mini statement, and Aadhaar to Aadhaar fund transfer services with Aadhaar number and biometric verification. We at RBP have the perfect solution with AePS API banking services; we have been able to provide instant payment services and much more. So, now with the AePS API provider, you can do banking instantly, securely, and seamlessly without any hassle.

Put Your Steps Forward and Start Your AePS API Business (Invest Low & Earn High):

Markets are not the same as they were decades ago. Change is happening and it is happening fast. When it comes to banking, organizations are transforming digitally to keep pace with the changing landscape and it is time to integrate your enterprise or start your entrepreneurship journey directly with the digital banking system, introduced by RBP Finivis, an API provider company in India. It offers secure, reliable API solutions simplifying banking for outlines with proven results.

Our AePS API allows you trusted interoperable financial services to directly connect to the bank system with end API integration for payment processing and fund transfer happens on a real-time basis and gets automatically updated with payment status needs. Isn’t that simple?

Key Features Offered By RBP Finivis an AePS API Provider:

·         Secured and reliable API banking solution with 24*7 help support

·         The flexibility to authenticate financial transactions on the move using Smartphone or laptop

·         Easy to implement

·         Economical with low investment and high earning

·         Interoperability to expand your business

Hence, it is amazing that with the up-gradation in financial technology, there has been a rapid change in the financial system from traditional to digital. With an AePS API provider company in India like RBP Finivis, one can start his own branded API business and grow in this fast-changing world that offers more relaxed and quick banking services, unlike old traditional modes. After being aware of all these wonderful features, are you curious to know more?

For more information you can visit our website or by direct contact us on our toll-free number:

Visit us: https://rbpfinivis.com/

Contact us: 18004196571

AePS Cashwithdrawal APP

[suprosoftapiprovider]

We provide B2B, B2C and Software Development 24 × 7 hour helpline for any assistance. ☎️ +91-9956951008 📎 softsupro@gmail.com 📶 www.suprosoft.in 

[bankmitrabc1]

Apply Now! Earn Rs. 50000/- Through RBL Bank CSP

Paythrough Software and Solution is offering great opportunities to all fintech enthusiasts to earn through Bank CSP. They are the best CSP Provider in north and east India, which was launched in 2013. The population of India unable to receive basic banking services is quite huge. Thus, Paythrough software and solution has come forward to ensure everyone receives basic banking services. Once you are done with CSP registration, you can open your mini bank in your area. Currently, a special CSP registration drive is going on for RBL Bank. Here look at all the mind-blowing opportunities that you will get as a CSP provider.

 RBL Bank and its potentials

 RBL is one of the fastest-growing private sector Indian banks, which specializes in six business verticals

•         Corporate and institutional banking

•         Retail assets

•         Development of banking and financial inclusions

•         Branch and business banking

•         Treasury and financial market operations

•         Commercial banking

 Also, RBL offers various other banking services like personal banking, online banking, personal loans, credit card, savings account, fixed deposits, and insurance.

 Register yourself as an RBL CSP provider

 RBL Bank is working hard to expand its banking services in unprivileged areas of India through CSP. Thus, CSP Registration is going on full speed across West Bengal, Bihar, Jharkhand, Rajasthan, UP, and MP. Further, Paythrough is registering and recruiting agents as CSP providers on behalf of RBL Bank. Once you Apply for CSP and clear it, you can earn more than rupees 50000 monthly. You will also receive software, technology, training, and marketing support to expand your own fintech company.

 RBL Bank AEPS-making India Digital

 Aadhaar enabled payment system or an AEPS is the latest way of digital mode transactions. RBL bank is allowing its banking and business transaction models to its registered agents. With this, you can easily make financial transactions at PoS or micro ATMs as a bank Mitra using Aadhar authentication. Once you become a service provider, you will be able to prosper your banking business with Paythrough’s platforms.

 • Pay through web

• Pay through API

• Pay through mobile                

 The platform comprises milk application, loan collection, Nach, or National automated clearinghouse and payment platform. Thus, one can expect to have a constant flow of customers for RBL bank AEPS and CSP.

 Conclusion

 Given the benefits, you can take a step forward and look for CSP to Apply documentation and process to become a service provider. Once registered successfully, you will start earning a handsome amount. Thus, it is clear being an agent will offer you several benefits, the biggest one being high income.

 Source Page: - https://bankmitra-bc.blogspot.com/2021/02/apply-now-earn-rs-50000-through-rbl.html

[vastwebindia]

RECHARGE SOFTWARE PROVIDER

A Best mobile recharge software  provider company that offers a secure and fast portal for your multi recharge business. These all the services you can offer to your customers and can earn the highest commission on all the services , Pre-paid Mobile Recharge, Post-paid Mobile Recharge, DTH Recharge, Electricity Bill Pay, SMS Recharge  ,Electricity Bill Payment, Gas Bill Payment Insurance, Bill Payment, Water Bill Payment.  Facilities Data will keep secured, Members manageable condition, Package based service

Other Services Money Transfer, Online Transactions, Aadhar card Service, Digital brand Voucher , recharge software provider ,Software for Selling ,Mobile Recharge Software , Money Transfer API Software, Automation Recharge App, Mobile Recharge App, Services For You Best Recharge software provider,  Trusted Recharge API Partner, Mobile Recharge API,DTH Recharge API, Money Transfer API

[akankshasmishra]

Atal Pension Yojana(APY)-Scheme Details, Amount, Elgibility

There are many investments that we must look upon to make our tomorrow secure from any financial problems. For government employees, there are so many ways like GPF, PPF, and many more. Thus, for the unorganized sector, there are various schemes came into force. Atal Pension Yojana or APY is one of them. So, let’s know more about it!

What Is Atal Pension Yojana?

Atal Pension Yojana or APY is implemented with an objective to provide the pension benefits to individuals in the unorganized sector. Pension Funds Regulatory Authority of India (PFRDA) synchronizes this plan. However, those who are in the organized sector and have no recourse for pension can also apply for this scheme.

The Central Government of India has launched three programs:

Jan Suraksha schemes during 2015-16, Atal Pension Yojana (APY),

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and

Pradhan Mantri Suraksha Bima Yojana (PMSBY).

Due to immense public response from the Pradhan Mantri Jan Dhan Yojana to avail banking with zero balance account, our former Finance Minister Late Shri Arun Jaitley decided to create an expanded and enhanced version of the National Pension Scheme, i.e., Atal Pension Yojana. It is a replacement for the former Swavalamban pension Yojana. In Atal Pension Yojana (APY), the investor will receive their accumulated amount as a monthly payment, just as a regular income.

In case, if you (the investor) pass away, your family or better half avails of it. However, if both, i.e., you and your spouse pass away, your nominee will receive the bulk of the amount. Hence, it’s a source of income in old age.

Thus, it helps people of retirement ages to save money for future needs. The entire bulk pension money depends on the amount you devote towards it every month. Added to this, your age is also taken into consideration. One can get this amount from the age of 60 years.

What Are The Extensions We Have From NPS In APY?

APY was launched in 2015 by Finance Minister Arun Jaitley. On the one hand, where NPS is for everyone, APY focuses on the unorganized sector. According to a circular issued by the Income Tax Department in 2016, contributions to APY will be eligible for the same tax benefit as NPS.

a. Age

The customer should be at least 18 years of age to open an NPS account. The maximum age is 55 years. For APY, a person must be 18 years or older to apply. The maximum age for contributing is 40 years.

b. Investment

There is no maximum investment limit for NPS, whereas APY works on a predetermined monthly contribution. Suppose you start investing as early at the age of 18 and invests Rs 210 per month for 42 years of his life. Then you will earn Rs 5,000 periodically.

c. Minimum Investment

Under the NPS scheme, you have to contribute a minimum of Rs 500 per month, while under APY, there are three payment modes for contribution: monthly, quarterly, and half-yearly. Thus, you’re required to pay a monthly payment of Rs 42 to get a minimum guaranteed return of Rs 1000.

d. Returns

Under the APY scheme, returns get decided beforehand. The return ranges from Rs 1000 to Rs 5000, with the denominations of 1000. For NPS, returns get associated with markets. This means that returns for NPS customers can vary depending on various factors, such as market movement.

e. Premature Withdrawal

As per APY rules, you’re not allowed to withdraw money before the tenure ends. However, in case you die or have a severe medical condition, you shall be entitled to withdraw the amount. For NPS, premature withdrawals will only be allowed in Tier 2 accounts.

Features of Atal Pension Yojana:

1. Raising The Amount Of Subsidy:

As stated above, the amount of pension at your 60s solely depends on how much money you had devoted towards this. Apart from that, it also includes how early you had started investing. These pension amounts vary with the different contributions you made in your producing ages. It may happen that you may devote more bucks towards this plan. As certainly, it will yield bigger fruits in the future.

To make your way easier, the government has laid other paths too. Now, you can add up or deduct from your actual payment towards this every month. Let’s say in a month; you had other prioritized expenditures too. So, indeed, you’ll not be able to devote more money towards this. In that case, you’ll have to decrease your subsidy. Thus, the thread is in your hand itself. When to lose and when to tighten, it’s completely your choice. All you need to do is consult your bank branch manager about it and work upon the necessity.

2. Auto-Debit:

It gives you the facility of auto-debit, so you should not take this into consideration. It will be paid automatically. The only thing you need to consider is the sufficient balance in your account, which is linked with the APY account so as not to penalize yourself.

3. Pension:

It can be provided into denominations of Rs. 1000, Rs.2000, Rs.3000, Rs.4000, Rs.5000, depending on your monthly contributions.

4. Age-Restriction:

This scheme has an age restriction between 18 to 40 years. So college students can also invest in this scheme, and the maximum bar is of 40 years because in this scheme you have to contribute for at least 20 years.

5. Premature Withdrawal:

You’re not permissible to extract the amount earlier than the requisite day. However, in cases like any severe illness or death, you’re permissible for withdrawal. You can get the total amount you expended for such cases.

However, if you discontinue the plan before turning 60s for any reason except stated above, you’ll be in a great loss. Although the sum and interest you earned on that sum, will get paid back to you. Yet you won’t get granted for any government gifts or extra bucks on the interest earned on your sum.

After attaining the age of 60 years, you will be eligible to withdraw the entire amount after the closure of the scheme with the bank concerned, i.e. get a monthly pension. You can also take all the reimbursements in case of any tragic illness before attaining the age of 60.

6. Penalty Charges:

If you miss your payments, a penalty will be imposed. A fine of Re. 1 is imposed on the monthly endowment of Rs. 100 and more.Fine of Rs. 2 is imposed on the contribution of Rs. 101 to Rs.500.

Rs. 5 fine will be imposed on the contribution of Rs.501 and Rs. 1000.Rs. 10 will be imposed on the contribution of Rs. 1000 and above. If in case you’re unable to pay your subsidy for 6 months, your account gets seized temporarily. However, if the delay continues until 12 months or more, it collapses on its own. Then, your entire amount gets paid back to you.

7. Tax Deduction:

The tax deduction portion of this scheme falls under section 80CCD. As per section 80CCD, a max of 10% of your total basic wage. However, the max limit is Rs. 1,50,000. Additional discount of Rs. 50,000 is allowed under Section 80CCD (1B) for devoting to Atal Pension Yojana.

Monthly Contribution For Atal Pension Yojana Chart Age-Wise

According to different ages, you must deposit dissimilar contributions. Keeping the fact of how much pension you want after 60, the payment varies. This graph will help you understand and analyze according to your specifications.

Monthly Contribution Of Atal Pension Yojana

Benefits Of Atal Pension Yojana:

1. Regular Income Source For Old Age:

This scheme financially enables you in the age of 60s to meet your necessities. This is specially made for the ones working in unorganized sectors, e.g., Maids, gardeners, etc. In case of any illness or accident, this scheme provides a sense of security to all such crowds.

2. Nominee:

Unfortunately, if you pass away, your wife gets to avail of it. However, there are situations where both the investor and his wife dies. Then, the nominee has the choice to avail the entire amount. He can deactivate the account and receive the same pension money. The nominee can be a legal heir or any other family member.

3. For Unorganised Quarter:

Why should government employees avail of all opportunities? Some get diverted towards the corporate sectors as well. For making their lives easier, this plan got implemented. Although ones who are in the organized sector and had no recourse to a pension can also apply for this Yojana.

4. Government-Supported:

This scheme gets backed by the government, so there is no means of loss or risk. Your hard-earned money is in protective hands.

Eligibility Criteria Of Atal Pension Yojana

i. You must be an Indian civilian.

ii. You must have a legitimate active contact number.

iii. Make sure your account is well tied-up with Aadhar Card.

iv. You must be in the age bracket of 18 to 40 years.

v. You must not be a part of other welfare plans.

vi. The min duration that you must fund to your account is 20 years.

Beneficiaries of Swavalamban pension Yojana are automatically migrated to this scheme.

Characteristics For Atal Pension Yojana

All nationalized banks offer this scheme. You can choose these banks to open your APY account.

Atal Pension Yojana can be accessed from online portals or from the other banks. This form can also be downloaded from the official site.

The forms are in service in English and Hindi and seven other regional languages, i.e., Bangla, Gujarati, Kannada, Marathi, Odia, Tamil, and Telugu.

Pen down the blanks in the form, after filling, handover them to the bank for further work.

If you have not already provided a contact number to the bank, provide a valid mobile number.

Also, carry with yourself two scanned pictures of your Aadhar card.

Frequently Asked Questions

1. Is it feasible for me to subscribe to the APY pension plan? What if I’ve not opened a savings account yet?

No, first of all, you need to open a savings account. Until and unless you save, how’ll you divert towards other fields? Then go for an APY subscription.

2. Is it mandatory to declare a candidate while applying for Atal Pension Yojana?

Yes, in case both you and your wife’s unfortunate death, your nominee gets the amount. So, you need to choose a person as your nominee. For more verification of your nominee, you must provide his KYC information as well.

3. Can I accumulate more than one pension accounts under this scheme?

No, you cannot accumulate multiple pension accounts under this plan.

4. Is there any way how I can apply for it online?

No, at present, there is no provision to apply online for APY. You can fill the form in the post office only.

5. What documentation you must carry with yourself to submit for this scheme?

To apply for the APY scheme, you need to submit the form accompanying a scanned Xerox copy of your Aadhar card. No further documents you need to carry.

6. How can I know if my scheme is functioning well or not?

You will get a notification pop up on your registered phone number once the plan gets approved.

7. When is the last date to which I can join the Atal Pension Yojana?

Atal Pension Yojana does not have any such last date to join the scheme. Handover this form as early as 1st June for being the part of this magnanimous scheme. The scheme gets revived every year by 1st June.

8. Is the money invested in this plan safe? Will the plan face any kind of transformation if the party changes?

Although this scheme is passed in the budget session, it doesn’t depend on Government bifurcations or change. The plan will not be closed if the government changes, and your contribution is safe. Any successful governments only have the right to rename the pension scheme.

9. What is the age tenure to join this scheme?

You can join this scheme as early as the age of 18 years. College going students can also go for it. The highest age for being part of this scheme is 40 years. Having the upper limit is due to the reason of the compulsory contribution duration of 20 years. From 60 onwards, you will start being paid with your pension.

Final Talk

Pension getting is another beautiful stage of life. Getting ripened fruits for a tree, you grew in the past is something to cherish for! I hope this article helped you in enlightening your views.

source http://invested.in/atal-pension-yojana/

source https://investedindia.wordpress.com/2020/09/23/atal-pension-yojanaapy-scheme-details-amount-elgibility/

[sudheervanguri]

MSN Laboratories Walk-in Interview for API Regulatory Affairs (Executive/Sr. Executive) | M.Sc. | 18th October 2024 Are you an experienced professional in API Regulatory Affairs? MSN Laboratories Pvt Ltd is conducting a walk-in interview for the position of Executive/Senior Executive in the API Regulatory Affairs department. The event is scheduled for Friday, 18th October 2024 at their R&D Center in Pashamylaram. This is a fantastic opportunity for candidates with a M.Sc. degree and 2-7 years of experience to join a highly regarded pharmaceutical company. Position Details Department: API Regulatory Affairs Designation: Executive/Senior Executive Qualification: M.Sc. (Chemistry/Pharmaceutical Sciences or related field) Experience: 2-7 years in Regulatory Affairs, preferably in API Job Location: MSN Laboratories Pvt Ltd, R&D Center, Pashamylaram Interview Date: Friday, 18th October 2024 Interview Time: 09:00 AM Interview Location: MSN Laboratories Pvt Ltd, R&D Center, Pashamylaram Job Responsibilities The selected candidate will be responsible for: Regulatory Submissions: Preparing, reviewing, and submitting dossiers for global markets to ensure regulatory compliance of Active Pharmaceutical Ingredients (APIs). Document Control: Managing and maintaining regulatory documentation, including updates and amendments as per regulatory guidelines. Compliance: Ensuring compliance with regulatory standards and guidelines for APIs across different markets. Coordination: Collaborating with internal teams, including R&D, QA, and production, to gather necessary documentation for regulatory filings. Audits and Inspections: Supporting regulatory audits and addressing queries raised by regulatory agencies. Global Market Registrations: Handling product registrations and renewals for APIs in various countries. Candidate Profile To be eligible for this position, you should possess the following: Educational Qualification: M.Sc. in Chemistry, Pharmaceutical Sciences, or a related field. Experience: Minimum of 2 years and up to 7 years of experience in API Regulatory Affairs. Skills: Strong knowledge of regulatory guidelines (e.g., ICH, FDA, EMA, etc.), excellent documentation skills, and the ability to handle global regulatory submissions. [caption id="attachment_56319" align="aligncenter" width="930"] MSN Walk-in Interview for Quality Control - Executive, Senior Executive[/caption] Documents to Bring Candidates attending the interview are requested to bring the following documents: Updated Resume Photocopy of Educational Certificates Latest Increment Letter Last Three Months’ Pay Slips Last Six Months’ Bank Statements Passport-sized Photographs Aadhar Card Copy How to Reach Us Contact Person: Dinesh Baratam Email: dinesh.baratam@msnlabs.com location: MSN Laboratories R&D Center in Pashamylaram.

[startlingworld]

The Startling World is one of the best AEPS API providers in India AEPS API at a very reasonable and affordable cost in startling world. We provide the best commission on aeps api and aadhar pay api So what you are waiting for, reach us now and get your own AEPS portal with best margin.

Call Now: 9956251008

Website: www.startlingworld.in

[aeps-api-provider-company]

Now you can get AePS admin portal easily to start your fintech business. We are available 24/7 to support our valued clients and offer the best experience in the industry.

RBP Finivis put forward high commission AePS API to offer you the best serving and earning experience. It gives you an opportunity to create your brand.

[suprosoftapiprovider]

सिर्फ  आज के लिए आधार पे की एपीआई फ्री में बुक करे (T&C) Call Now: 9956951008 Website: https://bit.ly/3fPniHa

[loanandmore]

8 Features of the Atal Pension Yojana

In an attempt to provide help to the unorganized section of the Indian society, the Government of India has started the Atal Pension Yojana in June 2015. This plan is taken care of by the Pension Fund Regulatory and Development Authority under the National Pension System. This plan was launched with the aim of encouraging the individuals from a weaker section to opt for pension, which would immensely be of advantage to them during old age. The Atal Pension Yojana scheme will also be taken by individuals working in private sector organisations or by any individual who is self-employed.

This is a pension scheme managed by the Government of India and is provided to all the citizens of India. An individual can opt for a monthly pension that could be anywhere from Rs. 1000 to Rs. 5000, that will start after the age of 60 years. The pension amount an individual will get depends on the age at which they have joined the Atal Pension Yojana and the amount deposited by the individual will also contribute each month. An individual will have to fill up and submit the APY registration form at their local financial institution branch. The member of the scheme will need to provide their bank account number, mobile number and Aadhar No. The individuals first contribution amount is debited from their linked bank account during the time of account opening. A financial institution will issue acknowledgement No. PRAN to the customer. The subsequent contributions will also be automatically deducted from their bank account. A customer can easily get the account opening form for this scheme at any bank branch which participates in the scheme.

Some of the key features and characteristics of the Atal Pension Yojana scheme are listed below:

1.      An applicant needs to have a mobile number, that will need to be given to the bank when the applicant is applying for the Atal Pension Yojana.

2.      The applicant should not be paying income tax. The Atal Pension Yojana is primarily designed for helping individuals working in the unorganised sector, self-employed individuals, traders.

3.      Every Indian individual is eligible to apply for this scheme. An individual will have to be above the age of 18 and below 40 years to apply for the Atal Pension Yojana.

4.      The applicant should have a savings bank account, or it should be ready to open a savings bank account. The account will also need to have an auto-debit facility.

5.      An applicant needs to have a mobile number, that will need to be given to the bank when the applicant is applying for the Atal Pension Yojana.

6.      The applicant should not be paying income tax. The Atal Pension Yojana is primarily designed for helping individuals working in the unorganised sector, self-employed individuals, traders.

7.      The Atal Pension Yojana will provide a pension from Rs. 1000 to Rs. 5000 to the beneficiary after they turn 60. The spouse will remain the pension, if the beneficiary dies.

8.      The current Swavalamban Scheme beneficiaries who lie between the age of 18 and 40 will be moved automatically to the Atal Pension Yojana scheme.

9.      The Pension fund regulatory and development authority will govern the scheme.

An applicant’s monthly contribution amount is determined by a pension which the individual wants every month and the age at which they apply for the scheme and start with the contributions.