Atal Pension Yojana (APY) to be discontinued for Income Taxpayers
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Taxpayers will no longer be able to subscribe to Atal Pension Yojana (APY) with effect from 01st October, 2022. The announcement may be considered as an attempt to encourage investors to move to National Pension Scheme (NPS) which is a robust low-cost retirement benefit plan for the investors. Even if performance is taken into consideration, NPS has yielded higher returns when compared to APY. However, APY still remains a viable retirement scheme for the economically weaker section.
