Atal Pension Yojana: Auto-debit facility restarts, penalty rules eased
No penal interest will be charged if APY contributions from April, 2020 to August, 2020 are regularised before September 30, 2020
The auto debit facility for contributions towards Atal Pension Yojana has resumed this month. Also, no penalty if Atal Pension Yojana contributions from April, 2020 to August, 2020 are regularised before September 30, 2020. This was said by pension fund regulator PFRDA or Pension Fund Regulatory and Development Authority (PFRDA). A subscriber can make contributions to Atal Pension Yojana account on monthly or quarterly or half yearly basis through auto debit facility from savings bank account.