Vridha pension yojana online dating self liquidating reit
The Government co-contribution is payable to eligible PRANs by PFRDA after receiving the confirmation from Central Record Keeping Agency once in a year.
Under the APY, the subscribers would receive the fixed minimum pension of Rs. The benefit of fixed minimum pension would be guaranteed by the Government.
The Government co- contribution will be given for 5 years from FY 2015-16 to 2019-20. It is not mandatory to provide Aadhaar number for opening APY account. All the contributions are to be remitted monthly through auto-debit facility from savings bank account of the subscriber.
The contributions under APY are invested as per the investment guidelines prescribed by Ministry of Finance, Government of India Govt. The due date for monthly contribution will be as decided.
The scheme encourages these workers to save voluntarily for their retirement.
A Pension provides people with a monthly income when they are no longer earning.