Pensioners can now subscribe for the Atal Pension Yojana (APY) pension scheme via Aadhaar eKYC. Pension fund regulator Pension Fund Regulatory and Development Authority (PFRDA) has added these options to expand its subscriber base and make the onboarding process simpler.
Aim: to expand its subscriber base and simplify the onboarding process further.
PFRDA is allowing enrollment of subscribers through physical, net banking, and other digital modes, at present. After an APY account is opened, Atal Pension Yojana-Service Provider (APY-SP) will offer subsequent servicing to the subscribers. APY was launched in June 1, 2015.
