Amendment in Atal Pension Yojana (APY) Notification – Change in eligibility criteria: Instructions by Department of Post
F. No. FS-10/24/2022-FS-DOP
Government of India
Ministry of Communications
Department of Posts
(FS Division)
Dak Bhawan, Sansad Marg,
New Delhi-110001
Dated: 30th September, 2022.
Subject: Amendment in Atal Pension Yojana (APY) Notification – Change in eligibility criteria – reg.
This is in continuation of this office letter of even number dated 22.08.2022 on the captioned subject.
In this connection, this office is in receipt of additional clarifications from PFRDA vide their office letter No. PFRDA/03/05/1/0071/2017-PnD-APY-Part (1) dated 15th September, 2022, the same are forwarded herewith for kind information and further needful in the matter.
Circles are requested to collect the self-declaration regarding income tax payee status from the subscribers at the time of enrolment w.e.f. 01.10.2022. Further, registration of subscriber with Income Tax Payee status as “NO” only be register under APY as per the eligibility criteria.
This is for kind information and further needful.
This issues with the approval of competent authority.
Encl. : As above
Amit Ranjan
ADG (FS-1)
To,
All HOCs
Copy for kind information to :
1. PFRDA, New Delhi: It is requested to revise the APY enrolment form by making necessary changes in view of the gazette notification under reference. Further, the complete requirements for changes in APY module may kindly be conveyed to this office further taking up with our FSI Vendor. It is suggested that PAN validation of APY Accounts may be undertaken at NSDL (now Protean) itself
2. NSDL (Now Protean), Mumbai
3. Deputy Director CEPT Chennai/FSI Team, CEPT Chennai
4. AD FS (Delhi) / Sr. PM SMHO
5. Portal Upload Team, CEPT Mysuru
6. Office Copy
F. No. FS-10/24/2022-FS-DOP
Government of India
Ministry of Communications
Department of Posts
(FS Division)
Dak Bhawan, Sansad Marg,
New Delhi-110001
Dated: 22nd August, 2022.
Subject : Amendment in Atal Pension Yojana (APY) Notification – Change in eligibility criteria – reg.
This is in reference to the the Gazette notification dated 10th August 2022 of the Department of Financial Services, Ministry of Finance regarding Amendment in Atal Pension Yojana (APY) Notification – Change in eligibility criteria (copy enclosed).
2. Initially, it has been informed that as per the notification, any citizen between 18 and 40 years, who is an income tax payer, shall not be eligible to join APY from 1st October, 2022. In case a subscriber, joining APY on or after 1st October, 2022, is subsequently found to have been an income-tax payer on or before the date of application, his/her APY account shall be closed and the accumulated pension wealth till date would be given to the subscriber.
3. Now, PFRDA vide its email communication has clarified that the new notification is not applicable to existing APY subscribers/income tax-payers who have ALREADY joined APY and also it will not be applicable to prospective subscribers/income tax-payers who will be joining APY by 30th September, 2022. It is also clarified that any APY subscriber joining APY on or after 1st October, 2022, who is not an income-tax payer on the date of application, subsequently becomes an income-tax payer, his/her APY account will not be closed.
4. Accordingly, the Circles are requested to continue accepting subscribers registration forms from prospective subscribers who are income-tax payers, for opening of their APY accounts in the system till 30th September, 2022 in order to avoid any dispute/grievance.
5. The above clarification may be circulated to all concerned in the circle for compliance. This issues with the approval of competent authority.
Encl. : As above
(Amit Ranjan)
ADG (FS-I)
COMMENTS