Answer-The Atal Pension Yojana (APY) is a flagship social security scheme of the Government of India. Under...

If the subscriber fails to make contributions on time, penalties are imposed, and prolonged failure can result in freezing or closure of the APY account.

Question

The Atal Pension Yojana (AP

Y is a flagship social security scheme of the Government of India. Under the APY, what happens if a subscriber fails to make timely contributions?

A The pension amount is reduced proportionally.

B The subscriber is required to pay a penalty, and the account may be frozen or closed.

C Contributions are automatically adjusted based on the subscriber’s income.

D The subscriber must switch to a different government pension scheme.

E The scheme offers a grace period without any penalties for missed contributions.

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The Atal Pension Yojana (AP

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