Andhra Bank achieves Award as Best performing Bank under APY

By ind gog On Apr 28, 2017

Ajit Kumar Rath, Executive Director, Andhra Bank is seen receiving the Award from Minister of State for Finance, Santosh Kumar Gangwar. Hemant Contractor, Chairman, PFRDA is also seen along with Andhra Bank Circle General Manager L.N. Rath and Asst General Manager Y.R. Seshagiri Rao.

Hyderabad: Andhra Bank has been awarded as Best Performing Bank amongst all Public Sector Banks for excellent performance in enrolment of Atal Pension Yojana (APY) Accounts.

The award was received by Ajit Kumar Rath, Executive Director, Andhra Bank from Minister of State for Finance, Santosh Kumar Gangwar here on April 27 at New Delhi in the function orgainized by Pension Fund Regulatory and Development Authority (PFRDA)

Atal Pension Yojana scheme was launched on May 9, 2015 as one of the three Social Security Schemes by Hon’ble Prime Minister of India.The main objective of the APY Scheme is to bring all those employed in rural and unorganized sector under the ambit of Pension Schemes. The idea of the scheme is to provide a definite pension to all Indians and make India a Pensioned Society. Any Indian national within the age group of 18 to 40 years is eligible for APY.