Atal Pension Yojana (APY) is a dedicated pension scheme introduced by the Indian government to help people secure their financial future. Launched in 2015, the scheme is available to individuals aged between 18 and 40 years. Speaking of the working of the scheme, you will need to contribute a fixed amount every month and you would be able to build a retirement fund that would provide you with a steady income after you turn 60. Once you reach 60, you will start receiving a guaranteed minimum monthly pension based on the total amount you’ve accumulated in your account.
If you already have an APY account, it’s important to regularly check your balance to make sure that your retirement savings are growing as planned. When you view your APY statement, you can easily see the contributions you have made monthly along with other important details like the nominee, expected pension amount, and personal information.
Want to learn how to check your APY statement? Let’s dive in!
Reasons to Check Your Atal Pension Yojana Statement
Here is a list of the reasons to check your APY.
- Ensure Timely Credits
One of the biggest benefits of checking your APY statement is that you can confirm that your contributions are being credited to your account on time. Furthermore, it helps you avoid penalty charges that might arise from missed or delayed payments.
- Prevent Inconveniences
Another major highlight of checking your APY statement is that you will stay informed about your current account status, which ensures everything is in order and helps you avoid any unexpected issues.
- Simplify & Login Process
One major reason to regularly check your APY statement is that it makes it easier for you to log in and access your statement, which ultimately saves you time and reduces potential issues.
How to Check Atal Pension Yojana Balance Online?
Listed below are the steps to check your APY balance online. Let’s take a look a them.
- In the first step, you will need to visit the official website of Protean eGov Technologies Limited.
- After that, you will need to click on the “NPS/APY” section in the circle shape. When you click on it, you will need to click on the “Atal Pension Yojana”.
- In the next step, you will need to click on “APY ePRAN/Transaction Statement View”. After that, you will see the option to either opt for “With PRAN” or “Without PRAN”.
- If you select the first option, then you will need to log in with your 12-digit permanent retirement account number. On the other hand, if you want to go with the “Without PRAN” number, you will need to log in with your bank account number, name, and date of birth.
- Once you are done, enter the captcha code and then click on the “Submit” button.
You can also check your APY statement via another method.
- All you need to do is simply download the NPS and APY mobile application from the Play Store.
- After that, you will need to enter your PRAN details to log in.
- An OTP will be sent to your registered mobile number. It would automatically be entered on the app. Click on the “Submit” button.
- After logging in, you will be redirected to the homepage, where you can view your transaction statement. Furthermore, it will show your total holdings, asset allocation, and more.
Frequently Asked Questions
Listed below are the frequently asked questions related to the checking of APY statements.
Yes, all active subscribers receive an email of updated physical APY statements once every financial year.
If you have any query related to APY, you can simply call the APY helpline at 1800-899-1030 and get your queries resolved.
You shall receive periodic updates about your APY contributions on your registered mobile number. Furthermore, you can also visit your bank to get an updated passbook.
If you spot any errors, such as missing contributions or incorrect details, you can simply contact your bank to have the issue fixed.
It’s a good idea to check your APY statement regularly, at least once a year, to monitor your progress and ensure accuracy.
