Banks need to push Atal Pension Yojana subscribers toward higher pension slab: DFS Secy

Financial institutions are urged to guide Atal Pension Yojana subscribers towards higher pension slabs. Many subscribers remain in the minimum Rs 1,000 monthly pension category. This amount may not be sufficient in the future. Banks must counsel individuals to choose plans reflecting future needs and current affordability. Efforts are also underway to re-examine the scheme for potentially higher pension payouts.