Digital empowerment for Atal Pension Yojana subscribers: PFRDA has offered several online features to facilitate subscribers

Digital empowerment for Atal Pension Yojana subscribers: PFRDA has offered several online features to facilitate subscribers 
Press Information Bureau
Government of India
Ministry of Finance
22-March-2018 18:04 IST

Digital empowerment for Atal Pension Yojana subscribers 

Pension Fund Regulatory & Development Authority (PFRDA), the administrative Authority for Atal Pension Yojana (APY), has taken several steps for extension of the benefits of the Scheme to the Citizens of India. Going ahead PFRDA has offered several online features to facilitate subscribers for access of APY features without visiting the Bank/Post Branch. The number of Subscribers under APY is expected to attain 1 crore mark shortly.
Few recently introduced features for APY subscribers are as below:
  • Grievance Module for APY Subscribers
  • APY Upgrade View / Downgrade View
  • APY/NPS lite ePRAN – SOT View for Subscribers
  • Aadhaar Seeding for APY Subscribers
  • APY@eNPS
  • Mobile Application
To experience the features, subscriber has to visit https://npslite-nsdl.com/CRAlite/ website and can explore the features as per their requirement.
Brief on the recently introduced online features:
Sr. No.
Grievance Module for APY & Swavalamban Subscribers
Facility can be used for checking the status of grievance
raised by subscribers. In addition, a new grievances can
also be registered ( with PRAN or without PRAN option).
APY Upgrade View /APY Downgrade View
APY subscriber can upgrade/downgrade a pension amount once
in a year. This feature enables the user to check the
differential amount to be given/ to be received as per the
new pension amount chosen.
This feature will be used for downloading of transaction
statement and ePRAN card. The option contains a search with
PRAN and without PRAN. The subscriber can download
Transaction Statement financial year wise.
Aadhaar Seeding for APY Subscribers
This is an OTP based feature wherein aadhaar can be seeded
in APY account by inputting PRAN & aadhaar number. On
successful submission, acknowledgement number will be
provided as confirmation.
APY@eNPS offers digital APY enrolment through eNPS platform
for wider reach. This user friendly platform will be
expanded to make subscription under APY in a complete end
to end digital environment without submission of physical
form by the prospective subscribers and without visiting a
bank branch.
Mobile Application
APY Mobile applications empowers APY subscribers to view
Statement of Account and other details of their APY
account. All APY customers who has smart phone can down
load APY mobile applications from google store and install
in their mobile phones for real time viewing of APY
The subscribers’ base under the Atal Pension Yojana (APY) has reached more than 93 Lakhs. The Scheme became operational from 1st June, 2015 dedicated to the Citizens of Country by the Prime Minister, Shri Narendra Modi and is available to all the citizens of India in the age group of 18-40 years. Under the Scheme, a subscriber would receive a minimum guaranteed pension of Rs.1000 to Rs.5000 per month, depending upon his contribution, from the age of 60 years. The same pension would be paid to the spouse of the subscriber and on the demise of both the subscriber and spouse, the accumulated pension wealth is returned to the nominee.
The APY Scheme follows the same investment pattern as applicable to the NPS contribution of ​the ​Central Govt employees. During the year 2016-17, it has generated a return of 13.91%.