Atal Pension Yojana
Department of Financial Service
Last updated:
Key dates and updates
Important milestones for this scheme. Use official links to verify before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Overview
Atal Pension Yojana (APY) is an old age income security scheme for a savings account holder in the age group of 18-40 years, who is not an income tax-payee. It helps to address longevity risks among workers in unorganized sector and encourages the workers to voluntarily save for retirement.
Details
Atal Pension Yojana APY is an old age income security scheme for a savings account holder in the age group of 18-40 years who is not an income tax-payee. The scheme helps in addressing the longevity risks among the workers in the unorganized sector and encourages the workers to voluntarily save for their retirement. Focus of APY The scheme is mainly targeted at the poor, the under-privileged and workers in the unorganized sector. APY Subscriber Contribution Chart - https://www.npscra.nsdl.co.in/nsdl/scheme-details/APY Subscribers Contribution Chart 1.pdf https://www.npscra.nsdl.co.in/nsdl/scheme-details/APY Subscribers Contribution Chart 1.pdf Charges and fees and overdue interest under APY: The charges and fees and the overdue interest for non-payment or delayed payment of prescribed contribution amount shall be levied on the subscribers of APY. These charges and their method of application shall be prescribed by PFRDA from time to time, in consultation with the Central Government. Raising Grievance Under APY A subscriber can raise grievance anytime free of cost from anywhere by visiting: www.npscra.nsdl.co.in https://www.npscra.nsdl.co.in/ >>Home >> select: NPS-Lite or through CGMS Subscriber raising the grievance will be allotted a token number against the grievance raised. Subscriber may check the status of the grievance under “Check the status of Grievance / Enquiry already registered”.
Exclusions
• **From 1st October, 2022, any citizen who is or has been an income tax payer, shall not be eligible to join APY.**
• ####
Benefits
• Option 2: The entire accumulated pension corpus till date under APY will be returned to the spouse / nominee.
Eligibility Criteria
1. #### Age of joining and contribution period
2. The minimum age of joining APY is 18 years and maximum is 40 years.
3. The age of exit and start of pension is 60 years.
4. Subscriber contribution to APY shall be made through the facility of ‘auto-debit’ of the prescribed contribution amount from the savings bank account of the subscriber on monthly, quarterly or half-yearly basis.
5. The subscribers are required to contribute the prescribed contribution amount from the age of joining APY till the age of 60 years.
Application Process
Step 1: One can also open an APY account online using one's Net banking facility.
The applicant can login into his/her internet banking account and search for APY on dashboard.
Customer has to fill basic and Nominee details.
Customer has to give consent f…
Online
One can also open an APY account online using one's Net banking facility.
The applicant can login into his/her internet banking account and search for APY on dashboard.
Customer has to fill basic and Nominee details.
Customer has to give consent for auto debit of premium from the account and submit the form.
Required Documents
• **KYC details are fetched from active Bank/Post Office Savings account.**
• <br>
Frequently Asked Questions
Q: When will I receive my Pension?
A: Age Of Start Of Pension is 60 Years.
Q: I am a Swavalamban subscriber. Can I still, apply for APY?
A: Eligible Swavalamban Subscribers may be migrated to APY.
Q: Is it required to furnish nomination while joining the scheme?
A: Yes.
Q: Is there any provision of default nominee or blood relation?
A: If the subscriber is unmarried they can nominate any other person as nominee and they have to provide spouse details after marriage. If married, the spouse will be the default nominee. The Aadhaar details of spouse and nominees may be provided.
Q: What will happen if the contribution gets delayed?
A: Subscriber will be charged overdue interest for the delayed period in case the APY contribution gets delayed beyond the due date.
Q: How will I know the status of my contribution?
A: The periodical information to the subscribers regarding activation of PRAN, balance in the account, contribution credits etc. will be intimated to APY subscribers by way of SMS alerts on the registered mobile number or can be accessed through mobile/APY app launched by NSDL. The subscriber will also be receiving physical statement of account once in a financial year at their registered address.
Q: Whether Aadhaar Number is compulsory for joining the scheme?
A: It is not mandatory as of now.
Q: Whether an employee of Central/State Government or Public Sector Undertaking and/or a NPS subscriber can subscribe to APY?
A: APY is open to all citizens of India who have a savings bank account. The minimum age of joining APY is 18 years and maximum age is 40 years.
Provided that from 1st Oct 2022, any citizen who is or has been an income tax payer, shall not be eligible to join APY.
Q: Can I open APY Account without savings bank account?
A: No, the savings bank account/ post office savings bank account is mandatory for joining APY.
Q: If I have completed 40 years, can I join Atal Pension Yojana?
A: A person can join APY till his/ her 40th birthday. For example, if person 'X' becomes 40 years old on 1st January 2023, then, he/she is eligible to join APY till 1st January 2023 and becomes ineligible from 2nd January 2023 to join the scheme.
Eligibility Criteria
#### Age of joining and contribution period
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
The minimum age of joining APY is 18 years and maximum is 40 years.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
Indian citizens aged 18–40 years, with a savings bank account. Focus on unorganized sector workers.
The age of exit and start of pension is 60 years.
Subscriber contribution to APY shall be made through the facility of ‘auto-debit’ of the prescribed contribution amount from the savings bank account of the subscriber on monthly, quarterly or half-yearly basis.
The subscribers are required to contribute the prescribed contribution amount from the age of joining APY till the age of 60 years.
Benefits
Option 2: The entire accumulated pension corpus till date under APY will be returned to the spouse / nominee.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Fixed pension of Rs. 1,000 to Rs. 5,000 per month after 60 years; government co-contribution for eligible subscribers.
Required Documents
| # | Document |
|---|---|
| 1 | **KYC details are fetched from active Bank/Post Office Savings account.** |
| 2 | <br> |
How to Apply
One can also open an APY account online using one's Net banking facility. The applicant can login into his/her internet banking account and search for APY on dashboard. Customer has to fill basic and Nominee details. Customer has to give consent f…
Online One can also open an APY account online using one's Net banking facility. The applicant can login into his/her internet banking account and search for APY on dashboard. Customer has to fill basic and Nominee details. Customer has to give consent for auto debit of premium from the account and submit the form.
Frequently Asked Questions
Age Of Start Of Pension is 60 Years.