People’s interest in Sarkari Pension Yojana is increasing tremendously. Recent data from the Pension Fund Regulatory and Development Authority (PFRDA) testify to this. As per the data, the number of subscribers under the Pension Scheme increased by 23 percent to 4.27 crore by the end of April.
New Delhi: People’s interest in Sarkari Pension Yojana is increasing tremendously. Recent data from the Pension Fund Regulatory and Development Authority (PFRDA) testify to this. As per the data, the number of subscribers under the Pension Scheme increased by 23 percent to 4.27 crore by the end of April. The name of these schemes under the National Pension System (NPS) and Atal Pension Yojana (APY) was 3.46 crore in April a year ago.
Fast-growing pension members
According to the PFRDA, by the end of April 2021, the number of customers connected to its various schemes reached 426.75 lakhs, with an annual increase of 23.33 from 346.01 lakhs in April 2020. The number of investors associated with APY increased by 33.23 percent to 2.82 crore by the end of April 2021.
Asset under management increased
At the end of the first month of the business year 2021-22, the Asset under management (AUM) of these two schemes grew by 36 percent to Rs 5.90 lakh crore. Of this, APY has a stake of Rs 16,136 crore and a 47.4 percent increase was recorded in it.
Retirees benefit
Not only this, Retirees can give PFRDA an opportunity in which they can withdraw their funds deposited in the National Pension System (NPS) and place it in a place of higher profit or spend on any other need. According to PFRDA, retired people should get an opportunity to invest in an emergency or an instrument that gives better returns.
Will be able to withdraw money on this amount
PFRDA is considering coming up with a better option for customers of the National Pension System (NPS). Under this, they will be able to withdraw all their money at once, if the pension fund has a corpus of up to 5 lakh rupees. In the present case, this limit is Rs 2 lakh. An NPS customer can withdraw full money in this. Currently only 60 percent of pension amount can be withdrawn, while 40 percent contribution is compulsorily retained.
