New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Under the Atal Pension Yojana, a n income tax payer will

    not be eligible for this scheme effective ______
    A 1 April 2022 Correct Answer Incorrect Answer
    B 1 April 2023 Correct Answer Incorrect Answer
    C 1 July 2022 Correct Answer Incorrect Answer
    D 1 October 2022 Correct Answer Incorrect Answer
    E 1 January 2023 Correct Answer Incorrect Answer

    Solution

    If one is or ha s ever been an income tax payer from 1st October 2022 onwards, then he/she will not be eligible to join the APY scheme.   For opening an APY account, you need to be a citizen of India. You can join the APY scheme if you fulfil the following criteria:  

    • You need to be at least 18 years of age, and not older than 40 years of age.  
    • You need to have a savings bank account with any bank or a post office.

    Practice Next

    Relevant for Exams: