The Pension Fund Regulatory Development Authority (PFRDA) has proposed to double the monthly pension limit to Rs 10,000 from the existing Rs 5,000 under the Atal Pension Yojana. The proposal is now under the consideration of the central government.
If approved, it will attract more people towards the scheme and provide better inflation-beating returns. “We have placed this proposal with the government that it should be increased,” said Hemant G. Contractor, chairman, PFRDA, at the Atal Pension Yojana Annual Conference on Tuesday.
