Which of the following statements is/are correct regarding changes to Atal Pension Yojana Scheme (APY) done in 2022?
A. According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after 1 October 2022.
B. Subscribers would receive the guaranteed minimum monthly pension of ₹ 1,000 or ₹2,000 or ₹3,000 or ₹4,000 or ₹5,000 at the age of 80 years.
C. As per the new rules, subscribers can make contributions to APY on a monthly basis only.
1.B and C only
2.A, B and C
3.A and C only
4.A only
Correct Answer : 4
Solution :
According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after1October2022.the scheme provides a minimum guaranteed pension of Rs.1000 to Rs.5000 per month to subscribers after they attain 60 years of age.
The contributions can be made at monthly / quarterly / half yearly intervals through auto debit facility from savings bank account/ post office savings bank account of the subscriber.
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