Atal Pension Yojana Statement

Atal Pension Yojana is a government-backed pension scheme aimed at providing financial security during retirement. The APY statement provides detailed information on contributions, credited amounts, and the status of the pension account. Regularly accessing and reviewing the APY statement helps ensure that contributions are correctly recorded and can aid in claiming tax deductions under the Income Tax Act.

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Disclaimer: ##Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds. Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What is Atal Pension Yojana (APY) Statement?

The Atal Pension Yojana (APY) Statement is a document that provides details about a subscriber's contributions and transactions related to the Atal Pension Yojana, a government-backed pension scheme in India. This statement serves as a financial summary, helping subscribers track their pension contributions and assess the status of their pension account.

What is Atal Pension Yojana?

The Atal Pension Yojana (APY) is a voluntary government-backed pension scheme in India designed to provide financial security after retirement, particularly for those working in the unorganized sector. 

Ways to Access Your Atal Pension Yojana Statement

There are two primary ways to access your Atal Pension Yojana statement:

  • Bank Branch: Visit the bank branch where you enrolled for APY. You can request a physical copy of your statement or inquire about obtaining it electronically.

  • Online Portal: You can access your APY statement online through the National Pension System (NPS) portal (https://www.npscra.nsdl.co.in/scheme-details.php) if you have linked your APY account.

How to Check Atal Pension Yojana Statement Online?

  1. Visit the Official Website:

    Head over to the official website of the APY NPS Central Recordkeeping Agency (CRA) at https://www.npscra.nsdl.co.in/scheme-details.php. This website is your gateway to managing your APY account online.

    apply-pran

    Source: npscra

  2. Choose Your Login Method:

    On the homepage, under the "Subscriber" section, you'll see two options:

    • Transaction Statement View (Without PRAN): This option is for those who don't have their Permanent Retirement Account Number (PRAN) readily available.

    • APY e-PRAN Transaction: This option is for those who have their PRAN and want a more detailed view.

    apply-pran

    Source: npscra

  3. Logging In:

    Option A: With PRAN

    • Select "APY e-PRAN Transaction."

    • Enter your 12-digit PRAN, which you received after registering for APY. It's typically sent to your registered mobile number.

    • You may also be required to enter your bank account details associated with your APY account.

    apply-pran

    Source: npscra

    Option B: Without PRAN

    • Select "Transaction Statement View (Without PRAN)."

    • Enter the bank account number linked to your APY account.

    • Provide your full name as registered with APY.

    • Enter your date of birth.

    apply-pran

    Source: npscra

  4. Accessing Your Atal Pension Yojana Statement:

    • Once you've logged in successfully, you'll be directed to a page titled "Views for Subscriber."

    • Here, you'll see two further options:

      • Statement of Transaction View: This provides a detailed record of your contributions, including both yours and the government's share.

      • APY e-PRAN View: This offers a broader view of your account, potentially including an estimated corpus amount based on your contributions.

  5. Final Step:

    • Select the desired view (Statement of Transaction or APY e-PRAN).

    • You may need to enter a captcha code displayed on the screen.

    • Click "Submit" to access your APY statement.

How to Check Atal Pension Yojana Statement Offline?

According to NPS, you will receive a message on your registered contact number informing you about the status of your monthly payments. Additionally, a physical transaction statement is mailed to your address annually.

You will also get an email with the transaction statement. Alternatively, you can visit the bank where you hold your Atal Pension Yojana account to access this information.

Other Ways to Check Atal Pension Yojana Statement Balance Online

  • Download the NPS Lite and APY mobile app.

  • Log in using your PRAN details.

  • An OTP will be sent to your registered mobile number and will be automatically entered into the app. Click submit.

  • You will be redirected to the homepage, where you can view the transaction statement, including your total holdings and asset allocation.

  • In addition to checking your Atal Pension Yojana balance, you can also see the pension amount, nominee name, e-PRAN card, pension commencement date, and other APY account details.

Why Should You Check Your Atal Pension Yojana Statement?

  • Contributions to the Atal Pension Yojana (APY) qualify for tax deductions.

  • Under section 80CCD(1) of the Income Tax Act 1961, you can receive a tax exemption of up to 10% of your total income, with a maximum deduction of ₹1.5 lakh per annum as per section 80CCE.

  • To claim these benefits, you need to provide the APY transaction statement as proof.

  • Checking your statement ensures timely credit to your APY account and helps avoid penalty charges.

  • Regularly download and review your Atal Pension Yojana statement to prevent inconveniences.

  • Keep your PRAN and bank account details handy to simplify the login process and avoid any hassle.

FAQs

  • What is the helpline number for APY-related inquiries?

    You can reach the APY helpline for existing subscribers by dialing 1800-889-1030.
  • Can I access my APY balance on a mobile device?

    Yes, the APY balance can be checked on mobile through the NSDL APY portal. Alternatively, you can use the 'NPS and APY Lite' app for this purpose.
  • How can I check my APY balance without internet access?

    You will receive periodic updates on your registered mobile number regarding your APY contributions. Additionally, you can visit your bank or post office to get your passbook updated.
  • Is the estimated amount in my statement guaranteed?

    No, the estimated maturity amount and monthly pension are not guaranteed. They are projections based on current scheme parameters and market returns. The actual amount may vary depending on future interest rates and investment performance.
  • What if I find a discrepancy in my APY statement?

    If you notice any discrepancies in your statement, such as missing contributions or incorrect information, contact your bank or the nearest branch handling APY enrollments for clarification and rectification.
  • How often should I check my APY statement?

    It's recommended to review your APY statement regularly, at least once a year, to track your progress and ensure everything is in order.
  • Can I get a physical copy of my APY statement?

    Yes, you can visit the bank branch where you enrolled for APY and request a physical copy of your statement.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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