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    Question

    Under Atal Pension Yojana, in case of upgradation of the

    pension amount, the subscribers have to pay the differential amount of contribution at the rate of ______ on monthly compounding basis .
    A 7% Correct Answer Incorrect Answer
    B 7.5% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 8.5% Correct Answer Incorrect Answer
    E 9% Correct Answer Incorrect Answer

    Solution

    A subscriber of Atal Pension Yojana can opt to decrease or increase pension amount during the course of accumulation phase, once a financial year.  

    • For upgradation , the subscribers have to pay the differential amount of contribution at the rate of 8% p.a. on monthly compounding basis  
    • In the case of down gradation , the excess amount of contribution collected from the subscriber would be refunded to the subscribers along with the returns generated.   
    • For upgradation or down gradation, other than error cases, the subscribers would be required to pay a fee of Rs. 50, which will be shared equally by PoP -APYSP and CRA.

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