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Can I join both APY and NPS?

In NPS no single individual can maintain two separate accounts


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Can a person working in the unorganized sector with investment in Atal Pension Yojana (APY) for a pension amount of R5000 per month, also choose to invest in NPS simultaneously ? Would PFRDA allow two different accounts (one for APY and the other for NPS) for one person working in unorganized sector or would it convert the APY investment account to NPS if the person chooses to invest more money? Please advice.
- Partho Chattoraj

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Atal Pension Yojana (APY) is a part of the NPS and caters for the citizens in the unorganised sector. In NPS no single individual can maintain two separate accounts. There is a ceiling limit of contribution towards APY based on the age of the subscriber & the pension amount you opted for. You will not have the option to invest more money in your APY. However, if you wish to contribute more you can check for your options with your bank where you hold your APY account.

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