Sarkari Yojana
Atal Pension Yojana
About Atal Pension Yojana
Atal Pension Yojana (APY) is an old-age income security scheme open to savings account holders aged 18-40 who don’t pay income tax. It’s designed to reduce longevity risk for unorganised-sector workers and encourage them to save voluntarily for retirement.
Focus of APY
The scheme mainly targets poor and under-privileged workers in the unorganised sector.
APY Subscriber Contribution Chart
Available at: https://www.npscra.nsdl.co.in/nsdl/scheme-details/APY_Subscribers_Contribution_Chart_1.pdf
Charges, Fees, and Overdue Interest under APY
Subscribers are charged fees and overdue interest for missed or delayed contributions. PFRDA sets these charges and how they apply, in consultation with the Central Government, and can revise them over time.
Raising a Grievance Under APY
Subscribers can lodge a grievance anytime, free of cost, at www.npscra.nsdl.co.in — go to Home >> select NPS-Lite, or use CGMS. Each grievance gets a token number, and subscribers can check its status under “Check the status of Grievance/Enquiry already registered.”
Scheme Overview
Central Government
Ministry Of Finance
Banks
Individual
09 May 2015
Scheme Details
Eligibility Requirements
To qualify for Atal Pension Yojana, applicants must satisfy the following conditions:
Age of Joining and Contribution Period
Subscribers can join APY between ages 18 and…
Subscribers can join APY between ages 18 and 40.
Exit and pension payout begin at age 60
Exit and pension payout begin at age 60.
Contributions are collected via auto-debit from the subscriber's…
Contributions are collected via auto-debit from the subscriber's savings bank account, monthly, quarterly, or half-yearly.
Subscribers must keep contributing the prescribed amount from…
Subscribers must keep contributing the prescribed amount from the time they join until they turn 60.
Benefits Provided
Atal Pension Yojana provides the following benefits to eligible applicants:
On Exit at Age 60
On Exit at Age 60
Subscribers get three benefits once they reach 60
Subscribers get three benefits once they reach 60:
(i) Guaranteed minimum pension:
Each subscriber receives a fixed monthly pension — ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 — for life after turning 60.
(ii) Guaranteed pension for the spouse:
After the subscriber's death, the spouse receives the same pension amount for life.
(iii) Return of pension wealth to the nominee:
After both the subscriber and spouse have passed away, the nominee receives the accumulated pension wealth as it stood when the subscriber turned 60.
APY contributions qualify for tax benefits similar to…
APY contributions qualify for tax benefits similar to the National Pension System (NPS), under Section 80CCD(1).
Voluntary Exit (Before Age 60)
Voluntary Exit (Before Age 60)
Subscribers get back only their own contributions plus…
Subscribers get back only their own contributions plus the net actual income earned on them, after deducting account maintenance charges. Those who joined before 31 March 2016 and received Government Co-Contribution don't get that co-contribution or its accrued income back.
On Death Before Age 60
On Death Before Age 60
Option 1:
The spouse can choose to continue contributing to the subscriber's APY account (which can then be held in the spouse's name) for the remaining period until the original subscriber would have turned 60. The spouse then receives the same pension for life — and this stays separate even if the spouse already holds their own APY account and pension.
Option 2:
Alternatively, the entire pension corpus accumulated so far is returned to the spouse/nominee.
Documents Required
Applicants should keep the following documents ready before starting the application:
KYC details are pulled directly from the subscriber's…
KYC details are pulled directly from the subscriber's active Bank/Post Office savings account.
2015-05-09
How to Apply
Online Application
Applicants can apply for Atal Pension Yojana through the online application process outlined below.
Process 1:
You can open an APY account online through…
You can open an APY account online through your net banking facility.
Log into your internet banking account and look…
Log into your internet banking account and look for APY on the dashboard.
Fill in your basic details and nominee information
Fill in your basic details and nominee information.
Give consent for auto-debit of the premium from…
Give consent for auto-debit of the premium from your account and submit the form.
Process 2:
Visit https://enps.nsdl.com/eNPS/NationalPensionSystem.html and select "Atal Pension Yojana."
Select "APY Registration."
Fill in the basic details. You can complete KYC in one of three ways:
Offline KYC — upload your Aadhaar XML file
Aadhaar — verify via OTP sent to your Aadhaar-linked mobile number
Virtual ID — generate an Aadhaar virtual ID for KYC
Choose whichever of the three options suits you.
Once basic details are filled in, you'll get an acknowledgement number.
Next, fill in your personal details and decide on the pension amount you want after 60.
Choose how often you want to contribute.
After confirming your personal details, fill in your nominee details.
Once personal and nominee details are submitted, you're redirected to the NSDL website for eSign.
After Aadhaar OTP verification, you're successfully registered under APY.
You can also register digitally via the e-APY portal or through participating banks' web portals.
Visit https://enps.nsdl.com/eNPS/NationalPensionSystem.html and select "Atal Pension Yojana."
Toll-free helpline for APY: 1800-110-069
Offline Application
Applicants can apply for Atal Pension Yojana through the offline application process outlined below.
Application Process
Visit the nearest bank branch or post office where you hold a savings account and submit the APY registration form to open your account.
Exclusions / Who Is Not Eligible
**From 1st October, 2022, any citizen who is or has been an income tax payer, shall not be eligible to join APY.**
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Official Application & Website
Verify the latest eligibility, dates and instructions before applying.