2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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18-60
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18-40
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25-50
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30-60
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Detailed explanation-1: - APY is open to all bank account holders in the age group of 18 to 40 years and the contributions differ, based on pension amount chosen. Subscribers would receive the guaranteed minimum monthly pension of Rs. 1000 or Rs.
Detailed explanation-2: -i) The age of the subscriber should be between 18 - 40 years. (ii) He / She should have a savings bank account/ post office savings bank account . The prospective applicant may provide Aadhaar and mobile number to the bank during registration to facilitate receipt of periodic updates on APY account.
Detailed explanation-3: -Atal Pension Yojana (APY) is open to all saving bank account holders. The minimum age for joining APY is 18 years and maximum age is less than 40 years. Therefore, minimum period of contribution by any subscriber under APY would be 20 years or more.
Detailed explanation-4: -Under this scheme, a minimum monthly pension between Rs. 1000 to Rs. 5000 is guaranteed for the beneficiaries. Subscribers can opt for a monthly pension which could be 1000, 2000, 3000, 4000 or 5000 rupees, which will start after the age of 60 years.