Toll Free Number -1800-110-069 of Atal Pension Yojana                                   Go Paperless Opt for an Email Annual Transaction Statement                                                                  Reliance Capital Pension Fund Ltd. will cease to act as Pension Fund under NPS with effect from August 10, 2019                  

Sr. No. Notes
1. The section 'Contribution Details' gives the details of the contributions processed in subscriber’s account during the period
2. The Central Government co-contributes 50% of the total contribution or Rs.1000 per annum, whichever is lower, to eligible Subscribers(who join APY before March 31, 2016 and who are not members of any statutory social security scheme & who are not income tax payers) for a period of 5 years, i.e., from Financial Year 2015-16 to 2019-20,. This co-contribution is credited into Subscriber’s Savings Bank Account by APY-SP on yearly basis once subscriber has made the entire contribution for that Financial Year.
3. The Transaction statement is dynamic. The value and other computations in the Transaction statement depend upon the Statement generation date.
4. Contribution amount is invested as per the guidelines of Government of India (upto 85% of the money will be invested in debt and government securities and upto 15% will be invested in equity).
5. 5. This scheme qualifies for deduction u/s 80CCD of the Income-Tax Act, 1961(the "Act"). Further, an additional deduction from your taxable income to the extent of Rs. 50,000/- is available only for contribution in NPS u/s Sec. 80 CCD (1B). To give an example, your salary is Rs.15 lac per annum. On contribution of Rs. 2 lac, you can avail:
  • Deduction under Sec. 80 CCD (1) - Rs. 1.50 lac
  • Deduction under Sec. 80 CCD (1B) - Rs. 50,000
6. The balances and respective narrations reflecting in your account are based on the contribution amount and details uploaded by your APY bank branch. In case of any discrepancy, you must contact your APY bank branch immediately
7. With effect from January 25, 2019, NPS Trust has stopped recovery of administrative charges/ expenses that it used to charge @ 0.005% per annum of the Asset Under Management (AUM) on daily accrual basis to meet its expenditure.
Term Description

Overdue Interest

Under APY, the individual subscribers shall have an option to make the contribution on a monthly, quarterly, half yearly basis. Banks are required to collect additional amount for delayed payments. The overdue interest for delayed contributions would be as shown below:

Overdue interest for delayed contribution:
R. 1 per month for contribution for every R. 100, or part thereof, for each delayed monthly payment.
Overdue interest for delayed contribution for quarterly / half yearly mode of contribution shall be recovered accordingly. The overdue interest amount collected will remain as part of the pension corpus of the subscriber.