Can a person have both NPS and APY?
Yes, an individual can enroll under both National Pension Scheme and Atal Pension Yojana at the same time.
Is it better to invest in NPS?
The investment decision varies from person to person as Atal Pension Yojana offers guaranteed returns while NPS does not offers guaranteed returns, but market linked returns.
What is the difference between PPF and NPS?
Public Provident Fund or PPF is a savings instrument introduced by the government of India which offers fixed returns. However, National Pension Scheme is a retirement specific investment tool introduced by the government which supports creating retirement corpus
What is the minimum contribution to NPS?
A subscriber is required to make an initial contribution of minimum Rs. 500 for Tier 1 NPS account and Rs. 1000 for Tier 2 NPS account. For subsequent contributions, the subscribers of tier 1 NPS account holder are required to pay Rs. 500 while the Tier 2 NPS account holder are required to make a contribution of Rs. 250.
Can I have Atal Pension Yojana and NPS?
Yes, an individual can invest in both Atal Pension Yojana and National Pension Scheme at the same time.
Can I open APY account without having a savings bank account?
No, any individual who wishes to invest in the Atal pension yojana need to have a savings bank account.
What is the mode of contribution payment under the Atal Pension Yojana?
All the contributions to be paid towards Atal Pension Yojana are routed through the savings bank account via auto-debit facility.
How can a subscriber contribute to NPS?
Subscribers can contribute towards NPS in following three ways: Fill contribution slip and submit it to any POP-SP Visit eNPS website and contribute online using Net banking / Debit Card / Credit Card facility. Download NPS Mobile App and contribute anytime and anywhere as the mobile app is available for Android and IOS users.
Will I get transaction statement under APS and NPS?
Yes, all the subscribers are entitled to receive a detailed transaction statement of their contributions made towards APY and NPS account.
How many accounts can I open under APY and NPS?
Subscribers can open only ONE account under Atal Pension Yojana and National Pension Scheme.
