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        APY Strategy cum Review Meeting for FY 2018-19 for South Based Banks held at Bengaluru; More than 10 lacs accounts have been mobilized during FY 2018-19 and cumulative APY subscriber base is 1.09 crore; Several online features to facilitate subscribers to access their Account without visiting the Bank/Post Branch

        August 7, 2018

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        Pension Fund Regulatory and Development Authority (PFRDA) organised a Regional Atal Pension Yojana (APY) Strategy cum Review Meeting for FY 2018-19 at Bengaluru yesterday for South Based Banks (Karnataka and Kerala) and DOP-Circles with an objective to discuss the target allocated for FY 2018-19 and the strategies adopted by the banks to achieve the same. More than 10 lacs accounts have been mobilized during FY 2018-19 and cumulative APY Subscriber Base is 1.09 cr.

        It is empahised that PFRDA has enabled several online features to facilitate subscribers to access their Account without visiting the Bank/Post Branch. These features are expected to benefit APY Subscribers and empower them to carry-out Account related activities as described below.  

        • Grievance Module
        • APY Upgrade View / Downgrade View
        • APY ePRAN card/ Statement View
        • Aadhaar Seeding
        • APY@eNPS
        • Mobile Application

         APY SPs need to maintain the persistency levels as well of the accounts along with fresh sourcing to be eligible for persistency incentive and ensuring adequacy of corpus for the subscriber.

        PFRDA appreciates the efforts taken-out by the APY Service Providers (Banks/DoP) throughout the year and during the campaigns (Incredible leadership/ Passion for Performance/Splendid Seven) for their contribution towards making India a Pensioned Society.

        Awards were also given on the occasion. The list of Awardees at the event is as follows:

         List of Awardees

        S. no.

        Name of the Bank

        Category

        Name of the Official

        Name of the Campaign

        1

        Karnataka Bank

        Best Performing Private Bank

         

        Icons of Inspiration

        2

        Vijaya Bank

        Best Performing Nodal Officer

        Sanjay Jha

        Passion for Performance

        3

        Karnataka Vikas Gramin Bank

        Best Performing Regional Rural Bank

         

        Incredible Leadership

        4

        Pragathi Krishna Gramin Bank

        Best Performing Nodal Officer

        Nagaraj

        Passion for Performance

        Best Performing Regional Manager

        S.V. Kulkarni (Bidar Region)

        Splendid 7

        Best Performing Region

        South

        Splendid 7

        Best Performing General Manager

        N.G. Shylendra Udupa

        Splendid 7

        Best Performing Regional Manager

        B.N. Bhaskara (Davanagere Region)

        Splendid 7

         Best Performing Women Branch Manager

         

        Vijayalaxmi Patil (Farhatabad Branch)

        Splendid 7

        Best Performing Business Correspondant

        Integra Microsystem Pvt Ltd (South)

        Splendid 7

        Best Performing Branch Manager (Regional Rural Bank)

        Vinayak Vedalaveni (Humnabad Branch)

        Splendid 7

        5

        Canara Bank

        Best Performing Nodal Officer

        Pratheep

        Passion for Performance

        Best Performing PSB

         

        Incredible Leadership

        Best Performing Major Bank

         

        Icons of Inspiration

        Best Performing General Manager

        Pramod Kumar

        Splendid 7

        Best Performing Branch Manager (Major Bank)

        Jayaramudu Jammakula (Molakalmuru Branch)

        Splendid 7

        Best Performing Branch Manager (Major Bank)

        Vijay Aggarwal (Chandigarh sec 47c Branch)

        Splendid 7

        Best Performing Branch Manager (Major Bank)

        Paramjit Singh (Bhurekona Branch)

        Splendid 7

        Best Performing Branch Manager (Major Bank)

        Bipin Kumar Singh (Bommanahally Branch)

        Splendid 7

        Best Performing Branch Manager (Major Bank)

        Usha Kumari (Ummaid Bhawan Palace, Jodhpur)

        Splendid 7

        Best Performing Branch Manager (Major Bank)

        Sheikh Aaqib Ahmed (Chanapora Srinagar Branch)

        Splendid 7

        6

        SLBC Karnataka

        Best Performing SLBC

         

        Incredible Leadership

        Atal Pension Yojana digital access expanded, enabling remote account operations and linking persistency to incentive eligibility. PFRDA held a regional APY strategy and review meeting for south-based banks to assess FY 2018-19 targets and enrolment, emphasising that service providers must maintain account persistency to remain eligible for persistency incentives and ensure corpus adequacy. PFRDA stressed online features enabling remote account access-grievance module, APY upgrade/downgrade view, ePRAN card/statement view, Aadhaar seeding, APY@eNPS, and a mobile application-and acknowledged service provider contributions via performance awards.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Atal Pension Yojana digital access expanded, enabling remote account operations and linking persistency to incentive eligibility.

                                PFRDA held a regional APY strategy and review meeting for south-based banks to assess FY 2018-19 targets and enrolment, emphasising that service providers must maintain account persistency to remain eligible for persistency incentives and ensure corpus adequacy. PFRDA stressed online features enabling remote account access-grievance module, APY upgrade/downgrade view, ePRAN card/statement view, Aadhaar seeding, APY@eNPS, and a mobile application-and acknowledged service provider contributions via performance awards.


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