Atal Pension Yojana

Q.  Which of the following is/are true regarding Atal Pension Yojana?

1) If the subscriber dies before the age of 60 years, the spouse would get half the pension amount as that of the subscriber until the death of the spouse.
2) The spouse of the subscriber will get the money collected in the yojana but he/she cannot continue contributing to APY account of the subscriber.
- Published on 03 May 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Neither 1 nor 2
 
  • The new amendment includes option to the spouse of the subscriber to continue contribution to APY on death of subscriber before the age of 60 years.
  • If the subscriber dies before the age of 60 years, his/her spouse would be given an option to continue contributing to APY account of the subscriber, which can be maintained in the spouse’s name, for the renaming vesting period, till the original subscriber would have attained the age of 60 years. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲