Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber; After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber

Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber; After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber https://www.taxtmi.com/news?id=15947 The amendment permits the spouse of a deceased APY subscriber to continue contributing to the subscriber's account until the subscriber would have reached 60, with the spouse receiving the same pension as the subscriber during the spouse's lifetime; after both deaths the nominee receives the accumulated pension wealth up to the subscriber's age of 60, while exceptional exit provisions allow payout of accumulated wealth in specified circumstances before age 60. en-us Tue, 22 Mar 2016 14:13:36 +0530 Tue, 22 Mar 2016 14:13:36 +0530 TaxTMI RSS Generator Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber; After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber https://www.taxtmi.com/news?id=15947 The amendment permits the spouse of a deceased APY subscriber to continue contributing to the subscriber's account until the subscriber would have reached 60, with the spouse receiving the same pension as the subscriber during the spouse's lifetime; after both deaths the nominee receives the accumulated pension wealth up to the subscriber's age of 60, while exceptional exit provisions allow payout of accumulated wealth in specified circumstances before age 60. News - Tue, 22 Mar 2016 14:13:36 +0530 https://www.taxtmi.com/news?id=15947