Question

What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?

A 32% Correct Answer Incorrect Answer
B 3.2% Correct Answer Incorrect Answer
C 0.32% Correct Answer Incorrect Answer
D 0.032% Correct Answer Incorrect Answer
E 0.0032% Correct Answer Incorrect Answer

Solution

Atal Pension Yojana (APY) is a Government run pension scheme open to all citizens of India mainly focusing on the unorganised sector. The custodian asset servicing charges are 0.0032% per annum for Electronic segment & Physical segment. It is collected by way of adjustment in Net Asset Value (NAV).

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