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      Question

      Under the Atal Pension Yojana, a n income tax payer will

      not be eligible for this scheme effective ______
      A 1 April 2022 Correct Answer Incorrect Answer
      B 1 April 2023 Correct Answer Incorrect Answer
      C 1 July 2022 Correct Answer Incorrect Answer
      D 1 October 2022 Correct Answer Incorrect Answer
      E 1 January 2023 Correct Answer Incorrect Answer

      Solution

      If one is or ha s ever been an income tax payer from 1st October 2022 onwards, then he/she will not be eligible to join the APY scheme. Β  For opening an APY account, you need to be a citizen of India. You can join the APY scheme if you fulfil the following criteria: Β 

      • You need to be at least 18 years of age, and not older than 40 years of age. Β 
      • You need to have a savings bank account with any bank or a post office.

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