During his Independence Day speech on 15th August 2014, Prime Minister Modi announced the establishment of PMJDY as a scheme meant to increase banking penetration, promote financial inclusion and provide at least one bank account per household across the country in four years.

PMJDY, the flagship financial inclusion drive, was launched in August 2014. The first phase ended on August 14, 2015 was focussed on opening basic bank accounts and RuPay debit card.

Deadline For Aadhaar-PAN Linking Extended; e-PAN Can Be Generated Instantly

Atal Pension Yojana has been aroind for three years now, extending pension benefits to unorganised sector workers. With some majot changes reportedly in the pipeline for the pension scheme, here's a closer look at it.

Hemant G Contractor, Chariman of PFRDA said that the proposal has been sent to the finance ministry with an aim to increase the subscriber base of APY.

Aditya Birla Health Insurance, in partnership with the health club chain Talwalkars, has launched a wellness programme called FIT-Fitness Insured Totally.

Partial withdrawals will now be allowed to National Pension System subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, says the PFRDA.

Atal Pension Yojana is a government-run old age pension scheme being implemented through all banks across the country as per the mandate received from the Ministry of Finance and monitored periodically at PMO.

Regulator PFRDA has asked Atal Pension Yojna (APY) service providers to use a revised form to seek consent of subscribers' for seeding Aadhaar with their accounts from Monday.

According to official data, the numbers of subscribers under the APY app till July 22 are around 58 lakhs.

The direct benefit transfer programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP President Amit Shah has said.

\"As you know we have been talking with government to open up the choice of both the fund manager and investment pattern for the government subscribers, these discussions are still going on. The proposals are with the government and hopefully a decision will be taken up by them very shortly,\" Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant G Contractor said.

\"The Finance Minister will review the first quarter performance of public sector banks and financial institutions on September 16,\" sources said.

Earlier, NPS schemes which were launched five years ago, had failed to get retail subscribers. Retail NPS has grown by over 100 per cent over the past one year.