Articles

Features of the Atal Pension Yojana Online Scheme

by CSP Bank Mitra All Bank Mitra CSP
The Bank BC application will make you become the business correspondent of leading banks in India. You will be working with the mission of providing consumers in your neighborhood with real time, customer-friendly banking services. This means that you will become a Bank Mitra to offer all the essential services of nationalized banks in the country.

Although as a CSP provider, you will be performing several duties and assuming major responsibilities, the major function will be assisting people to open a savings account in a bank under the diverse government policies and schemes. Moreover, you will be offering the facility of receipt of money deposit as well as money withdrawal. It enables you to process Kisaan Credit Card, Subsidy transfer, and direct benefits transfer, as well.

Nowadays, with the advent of the internet, you can find the Bank BC Application online on the official website of the leading banks in India. All you need to become a business correspondent of these banks is to fill in your personal information as well as a confirmation about the prerequisites of these banks. After becoming a BC of one of these banks, you will then be capable of transforming your service outlet into a small bank and providing your customers with essential banking services.

The business model of the Kiosk Banking of banks aims to offer all their basic banking services to the consumers in your village or city. There are many intermediary agencies, as well, working with the mission of fulfilling your necessary documentation as well as requirements for Bank BC. These intermediaries will submit your Bank BC application with your documents to approved BCA and produce new Kiosk Banking agents across India.

The application to become a business correspondent of a bank offers you an opportunity to work as a Customer Service Point with the bank. You will be authorized to provide people in your village with banking services, which enables you to earn a handsome commission for the services rendered by you.  As a CSP provider, you will be capable of earning a payment on:

•    Accounts opening
•    Cash withdrawal
•    Cash deposit
•    Bill Payments
•    Credit Card payments

Besides an attractive commission, you will get a fixed monthly pay that ranges from Rs. 2000 to Rs. 5000, which will be offered by the bank for which you are working as a business correspondent.

The government of India has introduced different Social Security Schemes and Atal Pension Yojana is one of them. The aim of the Atal Pension Yojana Online scheme is to provide all citizens of the country with a steady flow of income after the age of 60 years. The scheme is based on the framework of the National Pension Scheme.  Every subscriber of the scheme will get a PRAN or a Permanent Retirement Account Number immediately provided by the branch.

Each subscriber of the Atal Pension Yojana online scheme will have the opportunity to get a fixed pension amount every month. The pension amount varies according to the monthly subscription paid by the subscribers. The government of India will co-contribute 50% of the total annual contribution or Rs. 1000 per year, whichever is lower. The central government will contribute the amount for 5 years in the subscribers' account. The co-contribution is applicable for those who join the scheme before 31 December 2015, as well as for those, who are not a payer of income tax or not a member of any Statutory Social Scheme.


Article Source: https://vigyaa.com/features-of-the-atal-pension-yojana-online-scheme/?articleId=fd5b0484

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About CSP Bank Mitra Junior   All Bank Mitra CSP

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Joined APSense since, July 24th, 2020, From KOLKATA, WEST BENGAL, India.

Created on Aug 19th 2020 03:03. Viewed 286 times.

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