Current Affairs · Government Schemes
Ms. Priya, a self-employed professional, approaches State Bank to subscribe to the Atal Pension Yojana (APY). She is currently 45 years old and has decided she wants to receive a guaranteed pension of Rupees 5,000 per month upon retirement. She is advised that she has already crossed the maximum age limit for entry into the scheme. Which of the following statements correctly identifies the minimum and maximum age for entry into the APY sch eme, the minimum years of contribution required, and the minimum guaranteed monthly pension amou nt?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Entry Age: 18 to 40 years; Minimum Contribution: 20 years; Minimum Pension: Rupees 1,000 per month.✓
- 2Entry Age: 18 to 55 years; Minimum Contribution: 20 years; Minimum Pension: Rupees 5,000 per month.
- 3Entry Age: 18 to 45 years; Minimum Contribution: 15 years; Minimum Pension: Rupees 5,000 per month.
- 4Entry Age: 21 to 58 years; Minimum Contribution: 10 years; Minimum Pension: Rupees 2,000 per month.
Correct answer
Entry Age: 18 to 40 years; Minimum Contribution: 20 years; Minimum Pension: Rupees 1,000 per month.
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