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HomeFinanceAPY: Atal Pension Yojana subscriber crosses 3 crore in FY 2020-21

APY: Atal Pension Yojana subscriber crosses 3 crore in FY 2020-21

PFRDA said that more than 79 lakh new subscribers were added to the Atal Pension Yojana in 2020-21. In this way, the total number of subscribers of APY has increased to 3.02 crores.




New Delhi. The number of subscribers of the Atal Pension Yojana (Atal Pension Yojana) crossed the three crore mark by the end of the last financial year. The Pension Fund Regulatory and Development Authority, ie PFRDA (Pension Fund Regulatory and Development Authority), gave this information in a statement on Thursday.

The total number of subscribers of APY stood at 3.02 crores

PFRDA said that more than 79 lakh new subscribers were added to this scheme in 2020-21. In this way, the total number of subscribers of APY has increased to 3.02 crores. Out of 3.02 crore subscribers of APY, about 70 percent accounts have been opened by public sector banks. At the same time, 19 percent accounts have been opened by regional rural banks.

Number of APY subscribers in less than six months to two to three crores

The PFRDA said that there has been a significant increase in the number of subscribers joining the scheme, especially in the second half of 2020-21. The number of APY subscribers has increased from 2.5 to 30 million in less than six months.

State Bank of India added 22.07 lakh subscribers

In the last financial year, 79.14 lakh new subscribers were added to this scheme. Out of these, State Bank of India added 28 per cent i.e. 22.07 lakh subscribers. Canara Bank added 5.89 lakh and Indian Bank added 5.17 lakh new subscribers.

Apart from these, Bank of Baroda, Airtel Payments Bank, Bank of India, Central Bank of India, Punjab National Bank, Union Bank of India, Indian Overseas Bank, Axis Bank, HDFC Bank, Aryavart Bank and Baroda UP Bank etc. have one to five lakh Add new APY accounts.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ praveshmaurya24@gmail.com
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