PFRDA Order: Incentive for mobilization and registration of subscribers under Atal Pension Yojana
No. PFRDAIAPY/4/62
To,
All Banks under APY
Sir,
Subject: Incentive for mobilization and registration of subscribers under Atal Pension Yojana.
I am directed to say that incentive structure for Banks to mobilize and register subscriber under Atal Pension Yojana has been under the consideration of PFRDA.
2. In consultation with the Department of Financial Services, Ministry of Finance, it has been decided that for mobilizing each account the Banks will be paid an incentive as per the table below:
i. Per capita incentive at Rs 100
ii. Incentive payable for promotion and development of APY:
| S no | Number of subscribers under APY with each Bank | Incentive for promotional efforts (only for new accounts opened during the year) |
| 1 | Less than 1 lakh | Rs 20/- |
| 2 | More than 1 lakh upto 3 lakh | Rs 30/- |
| 3 | More than 3 lakh upto 5 lakh | Rs 40/- |
| 4 | More than 5 lakh | Rs 50/- |
Source: http://pfrda.org.in/WriteReadData/Links/Incentive%20Structure%20for%20APY5c598c21-5021-481a-8866-16213d2d1343.pdf
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