11 Differences Between National Pension Scheme and Atal Pension Yojana

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    National Pension Scheme (NPS) and Atal Pension Yojana (Atal Pension Yojana) are schemes offered with an aim to provide social security to individuals after retirement. Both will be provided in the form of pension.

    Atal Pension Yojana, which was announced by Finance Minister Arun Jaitley in the Union Budget.

    Also, the Finance Minister modified NPS with some super benefits in the Union Budget 2015.

    Now let us understand basic difference between both the schemes:

    Difference Between National Pension Scheme and Atal Pension Yojana
    Difference Atal pension Scheme National pension scheme
    Joining Age 18 to 40 Years 18 to 55 Years
    Who can join Any resident Indian Indian including NRI
    Pension Guaranteed pension after retirement No guaranteed pension
    Tax Benefit No tax benefit Tax rebate upto Rs 2, 00,000.
    Where to open account Bank where your saving account is held NPS you can open the account at point of presence
    Focus on Unorganised sector Organised sector
    Premature Withdrawal Not allowed (except death or special medical condition) The premature withdrawal is only allowed in Tier-II account.
    Investment Choices Does not allow investment choices NPS provides options where your money should be invested
    Toll free Number  1800-180-1111/1800-110-001 1-800-222080
    Website http://jansuraksha.gov.in/ http://www.pfrda.org.in/
    Accounts  Only one account is available  In NPS there are Tier-I and Tier-II of account are available

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    Read more about: atal pension yojana nps
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