Question

Which of the following statements is/are correct regarding changes to Atal Pension Yojana Scheme (APY) done in 2022?

A. According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after 1 October 2022.

B. Subscribers would receive the guaranteed minimum monthly pension of ₹1,000 or ₹2,000 or ₹3,000 or ₹4,000 or ₹5,000 at the age of 80 years.

C. As per the new rules, subscribers can make contributions to APY on a monthly basis only.

A B and C only Correct Answer Incorrect Answer
B A, B and C Correct Answer Incorrect Answer
C A and C only Correct Answer Incorrect Answer
D A only Correct Answer Incorrect Answer

Solution

The correct answer is D

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