BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All the subscribers would receive the guaranteed minimum monthly pension of Rs. 1, 000 or Rs. 2, 000 or Rs. 3, 000 or Rs. 4, 000 or Rs. 5, 000 at the age of____years under Atal Pension Yojana.
A
70 years
B
50 years
C
40 years
D
60 years
Explanation: 

Detailed explanation-1: -Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1, 000/-or 2, 000/-or 3, 000/-or 4, 000 or 5, 000/-per month will be given at the age of 60 years depending on the contributions by the subscribers.

Detailed explanation-2: -Features of PM-SYM: It is a voluntary and contributory pension scheme, under which the subscriber would receive the following benefits : (i) Minimum Assured Pension: Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/-per month after attaining the age of 60 years.

Detailed explanation-3: -Atal Pension Yojana Scheme Details By investing through this scheme, one can get a fixed pension ranging from Rs. 1, 000 to a maximum of Rs. 5, 000/month. The eligible Atal Pension Yojana age limit is 18 and up to 40 years.

Detailed explanation-4: -Atal Pension Yojana (APY) is open to all bank account holders. The scheme is available to any citizen of India with Age 18-40 Years. The subscribers would receive the fixed minimum pension of Rs.

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