APY Penalty for Default

 

APY Penalty for Default

 

Charges for Non-Payment or Delayed Payment of Contributions

You will be charged fees and overdue interest on non-payment and delayed payment of the prescribed contribution amount. From time to time, PFRDA, in consultation with the Central Government, prescribes the below charges along with their method of application.

Find the list of charges for non-payment or delayed payment of contributions below:


Sr. No.

Contribution per month

Penalty  (₹)

1

Up to ₹ 100/-

1

2

Between ₹ 101/- to ₹ 500/-

2

3

Between ₹ 501/- to ₹ 100/-

5

4

₹ 1001/- and above

10



NOTE: The above-mentioned charges exclude the applicable taxes.

It is advisable to avoid the above-mentioned charges by contributing to your account with the prescribed amount and within the prescribed time limit.