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Eligibility of Pradhan Mantri Ayushman Bharat Yojana: Who Can Get ₹5 Lakh Health Cover

Nibha / January 7, 2026

A strong nation is built on the health of its people. To make quality healthcare affordable and accessible for everyone, especially poor and vulnerable families, the Government of India launched a large-scale health insurance programme known as Pradhan Mantri Ayushman Bharat Yojana. This scheme focuses on providing cashless treatment for serious medical needs so that families do not fall into debt due to hospital expenses. Below is a complete and clearly explained guide covering eligibility, benefits, hospital criteria, senior citizen coverage, and the registration process. ⭐ What is Pradhan Mantri Ayushman Bharat Yojana (PM-JAY)? Pradhan Mantri Ayushman Bharat Yojana is a government-funded health insurance scheme that provides medical cover of up to ₹5 lakh per family per year. The coverage is offered on a family floater basis, meaning the entire family can use the insured amount. Earlier known as AB-NHPS, the scheme is now officially called Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY). It has replaced earlier health schemes like Rashtriya Swasthya Bima Yojana and senior citizen health insurance programmes. ⭐ Key Features and Benefits of Ayushman Bharat Yojana ⭐ Eligibility for Ayushman Bharat Yojana – Rural Families Rural households are identified based on Socio-Economic Caste Census (SECC) 2011 data. A family is eligible if it falls under any of the following categories: Automatically Eligible Rural Categories ⭐ Eligibility for Ayushman Bharat Yojana – Urban Families Urban eligibility is based on occupation, not income. A family must belong to one of the following occupational groups: ⭐ Special Coverage for Senior Citizens (70+ Years) On 11 September 2024, the Union Cabinet approved universal coverage for all senior citizens aged 70 years and above, regardless of income or socio-economic status. Key Points for Senior Citizens If Already Covered Under Other Schemes ⭐ Eligibility Criteria for Hospitals Under PM-JAY Hospitals must meet strict requirements to be empanelled: ⭐ How to Register for Ayushman Bharat Yojana Online Follow these steps to check eligibility and register: If eligible, your name and family details will appear on the screen. ⭐ How to Claim Cashless Treatment Under PM-JAY Conclusion The Pradhan Mantri Ayushman Bharat Yojana is one of the world’s largest public health insurance schemes, offering ₹5 lakh annual coverage to millions of families. With wide eligibility, senior citizen inclusion, and cashless treatment facilities, it plays a major role in protecting families from financial stress caused by medical emergencies. For simple, step-by-step guidance on Ayushman Bharat, health cards, and other government schemes, visit Sarkari Bakery.

Savings

Senior Citizen Savings Scheme (SCSS): Interest Rate, Tax Benefits, Deposit Limit & Full Details

Nibha / January 7, 2026

After retirement, regular income and capital safety become the top priorities for senior citizens. To address this need, the Government of India offers the Senior Citizen Savings Scheme (SCSS), a trusted and low-risk investment option specially designed for people above a certain age. SCSS is one of the most popular post-retirement schemes because it provides stable quarterly income, tax benefits, and government-backed security. Below is a complete and detailed explanation of SCSS for 2026, covering eligibility, interest rate, tax rules, withdrawal conditions, and much more. ⭐ What is Senior Citizen Savings Scheme (SCSS)? The Senior Citizen Savings Scheme is a government-backed savings scheme available through post offices and selected banks. It is meant to provide senior citizens with a steady flow of interest income after retirement, along with safety of principal amount. The scheme is regulated by the Government of India and is considered one of the safest investment options for retirees. ⭐ Senior Citizen Savings Scheme – Key Highlights ⭐ Eligibility for Senior Citizen Savings Scheme The following individuals are eligible to open an SCSS account: ❌ Who Is Not Eligible? 📌 PAN and Aadhaar are mandatory for opening an SCSS account (applicable since 31 March 2023). ⭐ Features of Senior Citizen Savings Scheme 🔒 Safe and Secure Investment SCSS is fully backed by the Government of India, ensuring guaranteed returns and capital protection. 👥 Multiple & Joint Accounts 🧾 Nomination Facility 💰 Deposit Rules For retired employees, deposit amount should not exceed retirement benefits and must be deposited within one month of receiving them. ⭐ What Are Considered Retirement Benefits? If deposit exceeds the allowed limit, the excess amount is refunded immediately. ⭐ Transfer of Senior Citizen Savings Scheme Account An SCSS account can be: ⭐ Tax Benefits Under Senior Citizen Savings Scheme 📌 Withdrawals from SCSS accounts are tax-exempt from 29 August 2024 onwards. ⭐ Premature Closure & Withdrawal Rules SCSS allows premature closure, but with penalties: Period of Closure Penalty Before 1 year Entire interest paid is recovered 1–2 years 1.5% of principal After 2 years 1% of principal ⭐ Maturity & Extension ⭐ Senior Citizen Savings Scheme Interest Rate Particular Details Interest Rate 8.2% per annum Revision Every quarter Compounding Quarterly Payout Dates 1st April, July, October, January Interest is directly credited to the linked savings account. The image below shows how returns grow under the Senior Citizen Savings Scheme over a five-year period. ⭐ Banks & Institutions Offering SCSS SCSS is available through: ⭐ Documents Required to Open Senior Citizen Savings Scheme Account Conclusion The Senior Citizen Savings Scheme (SCSS) remains one of the best investment options for retirees who want safety, predictable income, and tax benefits. With a high interest rate of 8.2%, quarterly payouts, and government backing, SCSS is ideal for long-term financial stability after retirement. For more clear, reliable, and step-by-step guides on savings schemes, taxes, and government benefits, visit Sarkari Bakery.

Train

Tatkal Ticket Booking Timing: Complete Guide with Rules, Cancellation, Charges & Tips

Nibha / January 6, 2026

Tatkal ticket booking is the most useful option when you need to travel urgently by train. However, many passengers miss out on confirmed tickets because they do not fully understand the Tatkal ticket booking timing, rules, and cancellation conditions. A small mistake in timing or process can lead to a waiting list or payment failure. This detailed guide explains everything step by step, so that nothing is missed — from booking time and eligibility to cancellation rules, refunds, and practical tips. ⭐ What Is Tatkal Ticket Booking? Tatkal is a special quota introduced by Indian Railway Catering and Tourism Corporation (IRCTC) under Indian Railways.It is meant for last-minute travel needs and works on a first-come, first-served basis. Tatkal tickets are available: ⚠️ Seats under Tatkal quota are limited and usually sell out within minutes. ⭐ Tatkal Ticket Booking Timing (Most Important Part) Tatkal booking opens one day before the date of journey, excluding the journey date itself. 🕘 Exact Tatkal Booking Time (India Time) Class of Travel Tatkal Booking Time AC Classes (1A, 2A, 3A, 3E, CC, EC) 10:00 AM to 10:30 AM Non-AC Classes (Sleeper, 2S, FC) 11:00 AM to 11:30 AM 🔎 Example to Understand Timing Clearly ⛔ Tatkal booking is NOT available on the same day of journey. ⭐ Important Tatkal Booking Rules (Must Read) ⭐ Tatkal Ticket Charges (Extra Amount You Pay) Tatkal tickets cost more than normal tickets. Class Minimum Charge Maximum Charge Second Seating (2S) ₹10 ₹15 Sleeper (SL) ₹100 ₹200 AC Chair Car ₹125 ₹225 AC 3 Tier ₹300 ₹400 AC 2 Tier ₹400 ₹500 Executive Class ₹400 ₹500 📌 Charges are: ⭐ Tatkal Ticket Cancellation Rules (Very Important) This is where most people get confused. ❌ Confirmed Tatkal Ticket Cancellation ✅ RAC or Waiting List Tatkal Ticket 🔄 Automatic Cancellation 🧾 TDR (Ticket Deposit Receipt) Refund You can file TDR and claim refund if: ⭐ What Is TQWL in Tatkal? ⭐ Can You Book Tatkal on Mobile? Yes. Tatkal tickets can be booked via: ⚠️ Make sure: ⭐ Difference Between Tatkal and Premium Tatkal Tatkal Premium Tatkal Fixed charges Dynamic pricing RAC / WL allowed Only confirmed tickets Cancellation allowed No cancellation Agents allowed Agents not allowed Available online & counters Online only ⭐ Practical Tips to Get Tatkal Ticket Successfully Conclusion Understanding the Tatkal ticket booking timing and rules is the key to successful last-minute train travel. From exact booking hours to cancellation and refund rules, every detail matters. A confirmed Tatkal ticket cannot be cancelled for refund, so booking carefully is very important. If you plan properly and follow the correct timing, your chances of getting a seat increase significantly. For more detailed railway guides, booking rules, and travel-related updates, visit Sarkari Bakery.

PAN Card

🪪 PAN Card Aadhaar Link Last Date: 31 December 2025 Is the Final Chance, PAN Will Become Inoperative If Not Linked

Nibha / December 31, 2025

If your PAN card is still not linked with Aadhaar, this update is extremely important for you. The Income Tax Department has clearly stated that PAN–Aadhaar linking is mandatory for all eligible PAN holders. 👉 31 December 2025 is the final deadlineIf PAN is not linked with Aadhaar by this date, the PAN will become Inoperative, meaning it cannot be used for financial or tax-related work. ⭐ Why PAN–Aadhaar Linking Is Mandatory The government has made PAN–Aadhaar linking compulsory to: ⭐ PAN Aadhaar Link Last Date – Latest Official Update For Most PAN Holders Who Gets Fee Exemption? People who applied for PAN using Aadhaar Enrolment ID after 1 October 2024 can: ⚠️ All other PAN holders must pay the ₹1,000 penalty before linking. ⭐ What Happens If PAN Is Not Linked With Aadhaar? If PAN–Aadhaar is not linked before the deadline, the PAN becomes Inoperative and you may face these problems: ⭐ How to Link PAN With Aadhaar (Step-by-Step Guide) If you have not completed linking yet, follow these steps immediately. 🪜 Online PAN–Aadhaar Linking Process Step 1:Visit the Income Tax e-Filing portal Step 2:Go to Quick Links and click on Link Aadhaar Step 3:Enter your PAN number and Aadhaar number, then click Validate Step 4:If PAN is already linked, a confirmation message will appear Step 5:If not linked, the system will verify penalty payment (if applicable) Step 6:Click on Link Aadhaar Step 7:Enter the 6-digit OTP sent to your Aadhaar-linked mobile number Step 8:Submit the request – linking process will be completed ⏳ PAN–Aadhaar linking usually takes 4–5 working days. ⭐ PAN Aadhaar Linking Fee Details Situation Fee Linking after deadline ₹1,000 PAN made using Aadhaar Enrolment ID (after 1 Oct 2024) ₹0 ⭐ Important Points to Remember Conclusion The PAN Card Aadhaar Link last date is very close, and missing it can create serious tax and banking issues. If your PAN is still not linked, complete the process immediately to avoid your PAN becoming inoperative. Timely linking will ensure smooth income tax filing, refunds, and financial transactions. For simple, reliable, and step-by-step guidance on PAN, Aadhaar, and other government services, visit Sarkari Bakery.

Calendar

Bank Holidays in January 2026: Complete State-wise List & Important Details

Nibha / December 31, 2025

January is one of the most important months for bank holidays in India because it includes national holidays, regional festivals, and weekly offs. If you are planning banking work, money transfers, cheque clearance, or branch visits, knowing the bank holidays in January 2026 in advance can save you time and avoid last-minute trouble. In this guide, you will find a clear explanation of January 2026 bank holidays, why banks remain closed on certain days, and how banking services work during holidays. ⭐ Who Decides Bank Holidays in India? Bank holidays in India are declared under the Negotiable Instruments Act and are regulated by the Reserve Bank of India (RBI).Some holidays are observed across the country, while others are state-specific depending on local festivals and events. ⭐ Bank Holidays in January 2026 – State-wise List Note: All Sundays and second & fourth Saturdays are bank holidays across India.The table below covers festival and special holidays only. 📅 January 2026 Bank Holidays (State-wise) Date Occasion States Where Banks Are Closed 1 January 2026 New Year’s Day Tamil Nadu, Mizoram, Sikkim, Meghalaya, Nagaland, Arunachal Pradesh 11 January 2026 Missionary Day Mizoram 14 January 2026 Makar Sankranti / Pongal Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha 15 January 2026 Pongal / Magh Bihu Tamil Nadu, Assam 16 January 2026 Thiruvalluvar Day Tamil Nadu 17 January 2026 Uzhavar Thirunal Tamil Nadu 23 January 2026 Netaji Subhas Chandra Bose Jayanti West Bengal, Tripura 26 January 2026 Republic Day All States (All India Holiday) ⭐ Weekly Bank Holidays in January 2026 (All India) These holidays apply in every state: Day Bank Status All Sundays Closed Second Saturday Closed Fourth Saturday Closed Banks usually remain open on the first, third, and fifth Saturdays unless a state-specific holiday is declared. ⭐ Will Online Banking Work on Bank Holidays? Yes. Even when bank branches are closed, the following services continue to work: However, these services are not available on bank holidays: ⭐ Why Bank Holidays Differ by State India has diverse cultures and festivals, which is why holidays vary by state. For example: This is why it is important to check the holiday list for your specific state. ⭐ Tips to Plan Banking Work in January 2026 Conclusion The bank holidays in January 2026 include Republic Day, regional festivals like Pongal and Makar Sankranti, and regular weekly offs. Since state-wise holidays differ, customers should always verify local bank holidays before planning branch visits. While digital banking services remain active, physical banking services are unavailable on holidays. For more easy-to-understand and regularly updated information on bank holidays and government-related topics, visit Sarkari Bakery.

PAN Card

PAN Card Correction Form: How to Update Name, DOB, Address & Other Details

Nibha / December 31, 2025

Mistakes in PAN card details can create serious problems during banking, income tax filing, KYC, or government services. Even a small error in name spelling, date of birth, or address may lead to rejection of forms or delays in processing. To solve this issue, the Income Tax Department allows PAN holders to update or correct their details using the PAN Card Correction Form. Below is a complete and simple guide explaining what the PAN correction form is, who should use it, how to apply online or offline, required documents, and important rules. ⭐ What is PAN Card Correction Form? The PAN Card Correction Form is officially called “Request for New PAN Card or/and Changes or Correction in PAN Data”. This form is used when a PAN holder wants to correct or update personal details already linked with their PAN number. The PAN number does not change. Only the personal information is updated in the records of the Income Tax Department. To make the process easier, users can download the PAN Card Correction Form PDF from Sarkari Bakery and submit it offline at the nearest PAN service centre. ⭐ When Do You Need PAN Card Correction? You should apply for PAN correction if there is an error or change in: ⭐ Who Can Apply for PAN Correction? The PAN correction form can be used by: Anyone who already has a PAN number but needs to update details can apply. ⭐ PAN Card Correction Form – Key Details Particular Details Form Name PAN Card Correction Form Purpose Update or correct PAN details PAN Number Remains same Application Mode Online / Offline Processing Authority Income Tax Department Fee Applicable (varies by address type) ⭐ How to Apply for PAN Card Correction Online Online application is the fastest and easiest method. Step-by-Step Online Process After submission, you will receive an acknowledgement number to track the status. ⭐ How to Apply for PAN Card Correction Offline If you prefer offline mode, follow these steps: An acknowledgement slip will be given after submission. ⭐ Documents Required for PAN Card Correction Documents depend on the type of correction requested. Proof of Identity (Any One) Proof of Address (Any One) Proof of Date of Birth ⚠️ Documents must be clear, valid, and self-attested. ⭐ PAN Card Correction Fees Address Type Approximate Fee Indian Address ₹110 Foreign Address ₹1,020 Fees may vary slightly depending on mode and service provider. ⭐ PAN Card Correction Status Check You can track your application status using: Status updates usually include: ⭐ Important Points to Remember Conclusion Updating incorrect PAN details is essential to avoid future financial and legal issues. The PAN Card Correction Form provides a simple way to update personal information without changing your PAN number. By submitting correct documents and details, you can ensure smooth banking, tax filing, and verification processes. For easy guides and step-by-step help related to PAN services and government forms, visit Sarkari Bakery.

Savings

EPS 95 Pension Scheme: Eligibility, Pension Calculation, Formula & Benefits Explained

Nibha / December 31, 2025

For salaried employees in India, retirement planning is not just about savings but also about steady income after leaving service. One such government-backed pension system is the EPS 95 Pension Scheme, which works alongside the Provident Fund system. It ensures monthly pension support to employees working in the organised sector once they reach retirement age. Below is a complete, easy-to-understand explanation of EPS 95, covering eligibility rules, pension calculation formula, benefits, and important updates. ⭐ What is EPS 95 Pension Scheme? EPS 95, also known as the Employees’ Pension Scheme 1995, is a social security pension programme launched on 19 November 1995. The scheme is managed by the Employees’ Provident Fund Organisation, which looks after pension benefits for employees covered under EPF. The scheme provides a monthly pension to employees once they turn 58 years of age. It applies to both existing and new EPF members working in the organised sector. Under EPS, contributions are made jointly by the employer and the government, while the employee’s full share goes to the Provident Fund. ⭐ How Contributions Work Under EPS 95 Every month, both employee and employer contribute 12% of basic salary plus dearness allowance (DA). Here’s how the employer’s share is divided: The employee’s entire 12% contribution goes only to EPF. ⭐ Minimum Pension Under EPS 95 To protect pensioners with lower contributions, the Government of India has fixed a minimum pension amount under EPS. Apart from employer contribution, the government contributes 1.16% of wages, capped at ₹15,000 per month, towards EPS. ⭐ Latest Updates on EPS 95 Pension As per updates from the Ministry of Labour & Employment: ⭐ Eligibility Criteria for EPS 95 Pension To receive pension benefits under EPS 95, the following conditions must be met: Special Eligibility Cases ⭐ Important Rules Under EPS 95 Forms Related to EPS ⭐ EPS 95 Pension Calculation Formula Monthly pension is calculated using this formula: Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70 Pensionable Salary Pensionable Service ⭐ Benefits of EPS 95 Pension Scheme Pension After Retirement Disability Pension Family Pension Family members receive pension in these cases: Withdrawal Option Conclusion The EPS 95 Pension Scheme plays a vital role in providing financial security to salaried employees after retirement. With guaranteed pension, government backing, and family protection benefits, it remains a strong pillar of India’s social security system. Understanding the calculation method and eligibility rules helps employees plan their future better. For more simplified explanations of pension schemes, EPF rules, and government benefits, visit Sarkari Bakery.

Train, How To

Book Tatkal Train Tickets Online: Timing, Rules, Charges & Easy Booking Steps

Nibha / December 30, 2025

When travel plans come up suddenly, Tatkal train tickets are a lifesaver for Indian passengers. The Tatkal quota allows travellers to book confirmed or RAC tickets just one day before the journey, provided seats are available. With online platforms and Aadhaar-based verification, the booking process has become faster, safer, and more transparent. Below is a complete, easy-to-understand guide explaining how Tatkal booking works, important rules, booking timings, charges, and cancellation policies. ⭐ What is Tatkal Ticket Booking? Tatkal is a special quota introduced by Indian Railway Catering and Tourism Corporation to help passengers book tickets at short notice. These tickets open a day before the train’s scheduled departure from its originating station and are allotted on a first-come, first-served basis. A maximum of 4 passengers can be booked under one Tatkal PNR. ⭐ How to Book Tatkal Tickets Online (Step-by-Step) Follow these simple steps to book Tatkal tickets online: ⭐ Important Tatkal Ticket Booking Rules ⭐ Aadhaar Authentication for Tatkal Booking Aadhaar linking is compulsory for Tatkal reservations. Steps to Link Aadhaar Once linked, Aadhaar verification becomes mandatory during every Tatkal booking. ⭐ Tatkal Ticket Booking Timings Tatkal booking opens one day before the journey, excluding the date of travel. AC Classes Booking Time Class Timing 1A, 2A, 3A, CC, EC, 3E 10:00 AM – 10:30 AM Non-AC Classes Booking Time Class Timing Sleeper (SL), FC, 2S 11:00 AM – 11:30 AM Booking during the exact time window is crucial due to high demand. ⭐ Tatkal Ticket Cancellation Rules ⭐ Tatkal Ticket Charges Explained Tatkal tickets cost extra over the base fare. Tatkal Charges (Minimum & Maximum) Class Minimum Maximum Second Sitting (2S) ₹10 ₹15 Sleeper (SL) ₹100 ₹200 AC Chair Car ₹125 ₹225 AC 3 Tier ₹300 ₹400 AC 2 Tier ₹400 ₹500 Executive Class ₹400 ₹500 ⭐ Difference Between Tatkal and Premium Tatkal Tatkal Premium Tatkal Fixed charges Dynamic pricing Agents allowed Agents not allowed RAC/Waitlist allowed Only confirmed tickets Cancellation allowed Cancellation not allowed Some concessions applicable No concessions Available online & counters Online only Conclusion Tatkal ticket booking is the fastest way to secure train travel during emergencies or sudden plans. Knowing the exact booking time, charges, and rules can greatly improve your chances of getting a confirmed seat. With Aadhaar-based verification and online booking, the process is now more secure and efficient. For more simple guides on railway rules, ticket booking, and government services, visit Sarkari Bakery.

State Schemes

YSR Pension Kanuka (Now NTR Bharosa Pension Scheme): Latest Updates, Eligibility, Pension Amount & Application Process

Nibha / December 30, 2025

The Andhra Pradesh government runs several welfare programmes to support poor and vulnerable citizens. One of the most important among them is the YSR Pension Kanuka, which has now been renamed as the NTR Bharosa Pension Scheme. This scheme ensures monthly financial support to elderly people, widows, disabled persons, and other socially and economically weaker groups so they can live with dignity. Below is a complete and easy explanation of the scheme, including the latest pension amounts, eligibility rules, and how to apply. ⭐ Latest Update on YSR Pension Kanuka The YSR Pension Kanuka scheme has been renamed as NTR Bharosa Pension Scheme. From July 2024 onwards, the Andhra Pradesh government is providing enhanced pension amounts to beneficiaries. Updated Monthly Pension Amounts ⭐ What is YSR Pension Kanuka / NTR Bharosa Pension Scheme? The YSR Pension Kanuka scheme was introduced by the Andhra Pradesh Government as a social security measure for poor and vulnerable citizens. The main objective is to provide regular financial assistance so beneficiaries can manage their basic daily needs. The scheme focuses on senior citizens, widows, disabled persons, and other backward sections who have little or no income source. ⭐ Types of Pensions Covered Under the Scheme The following pension categories are included: ⭐ Eligibility Criteria for YSR Pension Kanuka To receive benefits under this scheme, applicants must meet these conditions: Age Criteria (Category-wise) Single Women Pension Special Categories ⭐ Pension Disbursement Process ⭐ How to Apply for YSR Pension Kanuka The application process is completely offline. Step-by-Step Application Process After verification, eligible applicants are added to the pension list. ⭐ Documents Required for YSR Pension Kanuka Applicants need to submit the following documents: Conclusion The YSR Pension Kanuka, now continued as the NTR Bharosa Pension Scheme, plays a crucial role in supporting the most vulnerable sections of Andhra Pradesh. With increased pension amounts and wide coverage, the scheme helps beneficiaries lead a more secure and dignified life. For more simple and reliable information on government schemes and applications, visit Sarkari Bakery.

Savings, Govt. Schemes

Atal Pension Yojana (APY): Eligibility, Benefits, Contribution & Withdrawal Rules

Nibha / December 29, 2025

Planning for old age is often ignored by people working in the unorganised and private sectors. To solve this problem, the Government of India introduced a pension scheme that guarantees a fixed monthly income after retirement. The Atal Pension Yojana (APY) is designed to give financial security to citizens who do not receive pension benefits from their employer. This scheme is especially useful for daily wage workers, small job holders, and self-employed individuals who want a safe and government-backed pension plan. ⭐ What is Atal Pension Yojana (APY)? Atal Pension Yojana is a social security pension scheme launched by the Government of India in 2015. It was announced in the Union Budget 2015–16 and replaced the earlier Swavalamban Yojana, which had limited reach. The scheme mainly targets people working in the unorganised sector such as helpers, delivery staff, drivers, gardeners, shop workers, and others who do not have access to employer-sponsored pension schemes. Under APY, subscribers receive a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after attaining the age of 60 years, depending on their contribution amount and entry age. ⭐ Key Features of Atal Pension Yojana ⭐ Pension Options Under APY Subscribers can choose any one of the following monthly pension amounts after the age of 60: The contribution amount depends on: Younger subscribers pay lower monthly contributions compared to older entrants. ⭐ Eligibility Criteria for Atal Pension Yojana To join the APY scheme, the applicant must fulfil the following conditions: People already enrolled under Swavalamban Yojana were automatically shifted to APY. ⭐ Government Co-Contribution (Special Period) The Government of India provided co-contribution benefits to eligible subscribers who joined APY between June 2015 and December 2015. ⭐ How to Apply for Atal Pension Yojana APY can be opened through online or offline methods. ⭐ Online Application Method ⚠️ Online facility is available only with selected banks. ⭐ Offline Application Method Once approved, confirmation is sent to the registered mobile number. ⭐ Monthly Contribution Details The contribution amount varies based on: For example: Payments are auto-debited monthly from the linked bank account. ⭐ Withdrawal and Exit Rules of APY On Attaining 60 Years On Death of Subscriber Early Exit (Before 60 Years) ⭐ Penalty for Default in Contributions If monthly contributions are missed, penalties are charged: Long-term default consequences: ⭐ Tax Benefits Under Atal Pension Yojana APY contributions are eligible for tax benefits under the Income Tax Act, 1961: ⭐ Important Things to Remember Conclusion Atal Pension Yojana is a reliable retirement solution for people who do not have access to formal pension benefits. With guaranteed returns, government backing, and tax advantages, it provides long-term financial stability after the age of 60. For more simplified explanations of government schemes and step-by-step guidance, visit Sarkari Bakery.

Author name: Nibha