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    Question

    Find the false statement with respect to Atal Pension

    Yojana.
    A The contribution amount increases with the age of subscriber Correct Answer Incorrect Answer
    B Monthly Quarterly and half-yearly mode of contribution is available for subscribers. Correct Answer Incorrect Answer
    C There are additional tax benefit for income tax deduction Correct Answer Incorrect Answer
    D NRI can apply for Atal Pension Yojana Correct Answer Incorrect Answer
    E All are true Correct Answer Incorrect Answer

    Solution

    Atal Pension Yojana (APY) is for Indian citizens. NRI cannot apply for APY. With effect from Oct 01, 2022, Indian citizens who are income taxpayers, are not eligible to join APY.

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