Atal Pension Yojana (APY) Modified to Increase the Acceptability of the Scheme Amongst Informal Sector Workers and Make the Scheme More Viable; Subscribers Would Now Have an Option to Make the Contribution on a Monthly, Quarterly, Half Yearly Basis Instead of on a Monthly Basis Earlier; Discontinuation of Payment of Contribution Provision Substantially Modified in Favour of the Subscriber; Penalty on Delayed Payment has Been Simplified

Atal Pension Yojana (APY) Modified to Increase the Acceptability of the Scheme Amongst Informal Sector Workers and Make the Scheme More Viable; Subscribers Would Now Have an Option to Make the Contribution on a Monthly, Quarterly, Half Yearly Basis Instead of on a Monthly Basis Earlier; Discontinuation of Payment of Contribution Provision Substantially Modified in Favour of the Subscriber; Penalty on Delayed Payment has Been Simplified https://www.taxtmi.com/news?id=14893 Subscribers may opt for monthly, quarterly or half yearly contributions. Accounts will not be deactivated or closed until the account balance of self contributions minus maintenance charges becomes zero. Delayed payment penalty is simplified to a flat per month amount per delayed monthly contribution. Voluntary premature exit before age sixty is permitted only with refund of the subscriber's own contributions plus net actual interest after charges; Government co contribution and interest on it will not be returned. en-us Thu, 20 Aug 2015 12:06:35 +0530 Thu, 20 Aug 2015 12:06:35 +0530 TaxTMI RSS Generator Atal Pension Yojana (APY) Modified to Increase the Acceptability of the Scheme Amongst Informal Sector Workers and Make the Scheme More Viable; Subscribers Would Now Have an Option to Make the Contribution on a Monthly, Quarterly, Half Yearly Basis Instead of on a Monthly Basis Earlier; Discontinuation of Payment of Contribution Provision Substantially Modified in Favour of the Subscriber; Penalty on Delayed Payment has Been Simplified https://www.taxtmi.com/news?id=14893 Subscribers may opt for monthly, quarterly or half yearly contributions. Accounts will not be deactivated or closed until the account balance of self contributions minus maintenance charges becomes zero. Delayed payment penalty is simplified to a flat per month amount per delayed monthly contribution. Voluntary premature exit before age sixty is permitted only with refund of the subscriber's own contributions plus net actual interest after charges; Government co contribution and interest on it will not be returned. News - Thu, 20 Aug 2015 12:06:35 +0530 https://www.taxtmi.com/news?id=14893