In a strong rebuttal to Congress charges, Finance Minister Nirmala Sitharaman said Atal Pension Yojana (APY) is designed based on the best practice choice architecture and guarantees a minimum of 8 per cent return.

“APY is designed based on best practice choice architecture to automatically continue the premium payment unless the subscriber opts out. This is a deliberate and beneficial feature which is in the best interest of the subscribers,” Sitharaman said in post on X.