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Friday, 2 June 2017
Subscribe for Atal Pension Yojana (APY) digitally through user friendly eNPS Platform
Press Information Bureau
Government of India
Ministry of Finance
for Atal Pension Yojana (APY) digitally through user friendly eNPS Platform;
APY subscribers base is more than 54 Lakhs subscribers; APY fund managers have
generated a return of 13.91%.
Pension Fund Regulatory and Development Authority
(PFRDA), the administrative Authority for Atal
Pension Yojana (APY) has taken several steps for extension of the benefits of
the Scheme to the Citizens of India. The subscriber can enroll through internet
banking without submission of physical application form. Many banks are
offering this facility for their customers. Efforts are taken to
completely digitize the APY enrolment. PFRDA has developed the process
to offer APY enrolment through eNPS platform for wider reach. eNPS platform has
been already enabled for NPS subscriptions and this user friendly platform will
be expanded to make subscription under APY in a complete end to end
digital environment without submission of physical form at the convenience of
the customer without visiting bank or post office.
conducted meetings with Banks and Department of Post
on 23.05.2017 & 29.05.2017 at PFRDA office, New Delhi and at Chennai
respectively for the earliest roll out of the facility.
Shri B.S. Bhandari, Whole Time Member, Economics, PFRDA had addressed the
meetings where Senior officials of IT/Nodal officers of the Banks/Deptt of Post
were present at Delhi. Shri A.G Das, Chief General Manager, PFRDA had briefed
about the benefits of APY@eNPS platform to the Service Providers under
APY. The APY service providers have been advised to develop APY@eNPS
channel features before 30th June 2017.
The meeting at Chennai was
chaired by Shri K Mohan Gandhi, DGM, PFRDA wherein he highlighted the benefits
of APY@eNPS platform and urged the IT team of Banks to develop the facility.
APY subscribers base is more than 54
Lakhs subscribers. APY fund managers have generated a return of 13.91%.