APY Installments: If you started investing in APY scheme and you were not able to continue the investment for a long time. Now, will the amount that has been deposited for a few years be refunded or not? Let us know about it.
Atal Pension Yojana: Through Atal Pension Yojana, a pension of up to Rs 5000 can be taken every month in old age. Any person between the age of 18 years to 40 years who is not a taxpayer can invest in it. The investment amount varies according to age.
APY has the facility of pre-mature exit: If you start investing in Atal Pension Yojana, but are not able to continue it for a long time and want to stop it midway i.e. want to do pre-mature exit, then you also get this option in this scheme. . But in case of Premature Exit, only the amount deposited by you in your account is returned to you. You do not get the money deposited by the government.
- If you want to continue the Atal Pension Yojana account, then there is no need to worry. Even if you are not able to pay some of the installments in between, your account is not closed immediately. You can continue the installment later by paying penalty.
- But if you do not deposit any amount for 6 consecutive months, then in this situation your account is sealed. If you do not deposit the amount for a year, then the account is deactivated and if you do not deposit the contribution for two years, your account is closed by the government.
