Frequently Asked Questions

❓ Who can apply for PM-SYM?

Unorganised workers aged 18–40 years with monthly income up to ₹15,000.

❓ Can I enroll in both NPS and APY?

Yes, you can enroll in both. But benefits from APY are fixed, while NPS is market-linked.

❓ What documents are needed?

Usually Aadhaar, mobile number, bank account details, and age proof.

❓ What happens if I miss payment?

You may be charged a late fee or auto-exit after long non-payment. Try to pay regularly or update bank info.

❓ Where do I apply offline?

Visit your nearest CSC (for PM-SYM), bank branch (for APY), or NPS service center with your documents.

❓ How to check pension application status?

Visit the respective pension portal or contact your enrollment center.

❓ Is Aadhaar required?

Yes, Aadhaar is mandatory for KYC in almost all pension schemes.

❓ What is the age limit for Atal Pension Yojana?

APY is open to citizens aged 18–40 years only.

❓ Can NRIs apply for NPS?

Yes, Non-Resident Indians are eligible for NPS.

❓ What is the minimum APY contribution?

₹42/month if you start at age 18 with ₹1,000/month pension goal.

❓ What if the subscriber dies?

Nominee/family will receive benefits based on scheme rules.

❓ Can I change nominee?

Yes, you can update nominee details anytime via bank or NPS portal.

❓ What is retirement age for PM-SYM?

60 years. Contributions stop at that point and pension starts.

❓ Is NPS tax-free?

Partial withdrawals and 40% annuity are taxable. ₹50,000 extra tax benefit under Section 80CCD(1B).

❓ How many times can I pay in NPS?

There’s no limit. You can contribute multiple times in a financial year.

❓ Can I exit APY early?

Only in case of death or terminal illness. Else, exit allowed at 60.

❓ How much pension under PM-SYM?

₹3,000/month guaranteed after age 60 if enrolled.

❓ Difference between APY & NPS?

APY gives fixed pension, NPS is market-linked and offers flexible investment.

❓ How to reset NPS password?

Visit the eNPS portal and click “Forgot Password”. Use PRAN & OTP.

❓ What is PRAN?

Permanent Retirement Account Number issued to every NPS subscriber.

❓ What contribution modes exist in APY?

You can contribute monthly, quarterly, or half-yearly.

❓ Can I increase APY pension later?

Yes, changes are allowed once per year through your bank.

❓ Can husband and wife both apply?

Yes, if eligible, both can enroll individually in separate schemes.

❓ Is PAN required for NPS?

Yes, for online registration. Offline mode allows Aadhaar-based KYC.

❓ Are state pensions for all?

No. State schemes are usually for residents of that particular state only.

❓ Is pension income taxable?

Yes, it is treated as regular income and taxed under income tax slab rates.

❓ Can I withdraw NPS lump sum?

Yes, up to 60% of corpus at age 60. Rest must go to annuity plan.

❓ What is annuity in NPS?

An annuity gives you monthly pension after retirement from your invested corpus.

❓ Where to complain about delays?

Raise a grievance online or visit the concerned office/bank/portal.

❓ Any mobile app for NPS/APY?

Yes, NSDL and Karvy provide mobile apps for balance check, statements, and updates.