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Start learning 50% faster. Sign in nowAPY was launched on 9th May, 2015 by the Prime Minister. APY is open to all saving bank/post office saving bank account holders in the age group of 18 to 40 years and the contributions differ, based on pension amount chosen. Subscribers would receive the guaranteed minimum monthly pension of Rs. 1,000 or Rs. 2,000 or Rs. 3,000 or Rs. 4,000 or Rs. 5,000 at the age of 60 years. Under APY, the monthly pension would be available to the subscriber, and after him to his spouse and after their death, the pension corpus, as accumulated at age 60 of the subscriber, would be returned to the nominee of the subscriber. The minimum pension would be guaranteed by the Government, i.e., if the accumulated corpus based on contributions earns a lower than estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits. In the event of pre-mature death of the subscriber, Government has decided to give an option to the spouse of the subscriber to continue contributing to APY account of the subscriber, for the remaining vesting period, till the original subscriber would have attained the age of 60 years. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber. As on 31st July, 2021, a total of 321.02 lakh subscribers have been enrolled under APY.
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A 250 litres mixture contains milk and water in the ratio 4:1 respectively. If 40% of the mixture is replaced with the same quantity of water, then find...
165 litres of Mixture ‘A’ (water + alcohol) contains 30% water and remaining alcohol while 119 litres of mixture ‘B’ (milk + water) contains 20 ...
A mixture containing milk and water in the ratio of 49:61. If 36 litres of water are taken out from the mixture, then the quantity of milk and water bec...
A container contains 40 liters of a mixture of milk and water. The ratio of milk to water in the mixture is 3:2. If 10 liters of this mixture is taken o...
55 litres of a solution contains alcohol and water in the ratio 2:3. Water is added in the solution. The new mixture has a ratio of alcohol and water as...
