Sr. No. | APY Notes for Transaction Statement: |
1. | The section 'Contribution Details' gives the details of the contributions processed in subscriber’s account during the period. |
2. | The Transaction statement is dynamic. The value and other computations in the Transaction statement depend upon the date on which the Transaction Statement is accessed in CRA system. |
3. | Contribution amount is invested as per the guidelines of Government of India (upto 85% of the money will be invested in debt and government securities and upto 15% will be invested in equity). |
4. | This scheme qualifies for deduction u/s 80CCD of the Income-Tax Act, 1961(the "Act"). Further, an additional deduction from your taxable income to the extent of Rs. 50,000/- is available only for contribution in NPS u/s Sec. 80 CCD (1B). On contribution of Rs. 2 lac, one can avail:
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5. | The balances and respective narrations reflecting in your account are based on the contribution amount and details uploaded by your APY bank branch. In case of any discrepancy, you must contact your APY bank branch immediately. |
6. | With effect from November 13, 2023, NPS Trust would recover administrative charges/ expenses @ 0.003% per annum of the Asset Under Management (AUM) on daily accrual basis to meet its expenditure. |
7. | The facility to download and/or print Transaction Statement has been provided to APY subscribers. The subscriber can access their Transaction Statement through https://apy.nps-proteantech.in/CRAlite/ |
8. | APY subscribers can now download Mobile App ‘APY and NPSlite’ and access
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Legend | |
Term | Description |
Overdue Interest | Under APY, the individual subscribers shall have an option to make the contribution on a monthly, quarterly, half yearly basis. Banks are required to collect additional amount for delayed payments. The overdue interest for delayed contributions would be as shown below: Overdue interest for delayed contribution: Rs. 1 per month for contribution for every Rs. 100, or part thereof, for each delayed monthly payment. Overdue interest for delayed contribution for quarterly / half yearly mode of contribution shall be recovered accordingly. The overdue interest amount collected will remain as part of the pension corpus of the subscriber. |