National Pension Scheme for Self Employed Persons Other than Businessmen

Description

Under this scheme, you can open an account and deposit between ₹55 to ₹200, and the government will also

Deposit the same amount in your account as you contribute. People aged 18 to 40 years can open this account. When you turn 60, the government provides ₹3000 per month as a pension. After your death, your wife/husband will receive it. And after the death of both, the nominee w

ill be given the entire amount.
This scheme is only for people working in the unorganized sector whose income is ₹15,000 or less per month. This application is not valid for government employees or taxpayers.

Exit:
On reaching the age of 60 years –

At this age, 100% annuitization of the pension fund is allowed. Pension will be provided to the subscriber on withdrawal.
In the event of the subscriber’s death, the pension will be given to the spouse, and upon the death of both (subscriber and spouse), the pension corpus will be given to the nominee.
Voluntary exit before the age of 60 years is allowed. In the case of such subscribers who have availed the government’s co-contribution under APY, the co-contribution amount, along with the net actual earned income on the government contribution (after deducting account maintenance charges), will not be returned.

Penalty for Default:Banks are required to collect additional charges for delayed payments, which will vary from ₹1 to ₹10 per month as mentioned below:

• ₹1 per month for contribution up to ₹100 per month
• ₹2 per month for contribution between ₹101 and ₹500 per month
• ₹5 per month for contributio
• n between ₹501 and ₹1000 per month
• ₹10 per month for contribution above ₹1001 per month

The fixed amount of penalty/interest will remain part of the subscriber’s pension fund corpus.

Documents Required:

Mobile no., Bank Passbook, Photo, Adhar card

Next Step:
Instructions:
To avail the benefits of the National Pension Scheme for Self Employed Persons Other than Businessmen, ensure all necessary documents are ready and valid. After placing your order, kindly send the above-mentioned documents via WhatsApp to 8127089619 for verification and further processing.