Kerala Gramin Bank APY Form PDF

PDF Name	Kerala Gramin Bank APY Form
No. of Pages	4
PDF Size	0.42 MB
Language	English
PDF Category	Banking & Finance
Source / Credits	keralagbank.com
Uploaded By	Pradeep

Kerala Gramin Bank APY Form - Summary

This is an application form for the Atal Pension Yojana, which you can easily obtain from the Kerala Gramin Bank’s official website, i.e., https://keralagbank.com/, or you can directly download the PDF from the link provided below.

Details to Mention in the Kerala Gramin Bank APY Form

Branch Name and Address
Bank Details
Applicant’s Personal Details
Additional Details in Case of Nominee
Pension Details
Any Other Relevant Information

Documents Required for Completion

Passport
Election ID Card
PAN Card
Driving License
Aadhaar Card
NREGA Job Card
Government-Issued ID Card
Any Other Supporting Documents

Eligibility Criteria

Any Indian citizen aged between 18 and 39 years (as of last birthday) can enroll in the scheme through their bank account.
The scheme is available at all our branches.

Overview of the APY Scheme

A social security pension scheme launched by the Government of India.
Choose from five plans based on the monthly assured pension—1000, 2000, 3000, 4000, or 5000.
If you select the 1000 scheme, you will receive a guaranteed monthly pension of Rs. 1000.
There are three premium payment options: Monthly, Quarterly, and Half-Yearly.
The premium will be automatically deducted from the subscriber’s bank account.
A monthly pension starts from the age of 60 years.
This pension continues for the spouse after the subscriber’s death.
After both the subscriber and spouse pass away, the accumulated amount is returned to the nominee.
The indicative corpus is approximately Rs. 1,70,000 for Plan 1000, with proportional amounts for other plans.
Subscribers need to pay premiums until they reach 60 years of age.
If the subscriber dies before turning 60, the spouse can either transfer the subscription to their name or withdraw the total amount by ending the subscription.
If the spouse decides to take over the subscription, they must continue to pay the premiums until they reach the age of 60.
Subscribers can change their financial details, such as the plan or premium frequency, once a year (currently in April).