Atal pension yojna
Atal Pension Yojna


  • Atal Pension Yojana (APY) is a pension scheme backed by the Government of India managed by the Pension Funds Regulatory Authority of India (PFRDA). It has been introduced mainly for the benefit of the unorganized sector. This means household help, laborers, delivery staff, etc. working with private organizations that do not provide pension benefits can benefit from this scheme. The objective of this scheme is to provide a sense of security with a fixed pension amount to all Indian citizens in their old age.
  • Atal Pension Yojana provides the option of getting a fixed pension amount of Rs1,000, Rs2,000, Rs3000, Rs4,000 or Rs5,000 upon attaining the age of 60. The pension is determined to depend upon the age and contribution amount of an individual. The Government of India, co-contributes 50% of the total pension contribution or Rs1,000 per annum for all subscribers of 

Eligibility criteria

To avail the benefits of Atal Pension Yojana, you must fulfill the following criteria:
  • You must be an Indian citizen aged between 18-40.
  • You should have a valid mobile number and a bank account that is linked to your Aadhar Card.
  • You must make a contribution to a minimum of 20 years.



Application process

  1. All nationalized banks provide APY benefits. You can visit your nearest branch to begin an Atal Pension Yojana account.
  2. You can also download the Atal Pension Yojana form online at your home, workplace or bank branch from the official website.
  3. Apart from English and Hindi, the APY form is available in vernacular languages such as Gujarati, Marathi, Tamil, Kannada, Telegu, Bengali and Odia.
  4. Private sector banks such as Axis Bank, HDFC Bank, and ICICI Bank offer online registrations for the tech-savvy.
  5. Fill up the application form and submit it to your bank along with a photocopy of your Aadhar card.
  6. Ensure that you provide a valid phone number to your bank during the application.
  7. You will receive a confirmation message on this number once your application has been approved.

How to begin the pension?

  • Once you have attained the age of 60, you can submit a request to the bank to begin your pension. 
  • In case of your demise, before you make this claim, your spouse can claim your pension. 
  • In case of the death of both spouses, the nominee is eligible to receive the accumulated amount. 
  • In case of your death, before the age of 60, your spouse can avail the option of continuing with the payments for the balance period or exit the scheme and claim the corpus.

Other important facts about APY

  1. The contribution towards Atal Pension Yojana is automatically debited from your savings account, so you need to have sufficient balance in your account for the same.
  2. In case of a default on the payment, a penalty of Rs1 per month for every Rs100 is levied.
  3. In case you continue to default on payments after 6 months, your account is frozen.
  4. If your default continues for 12 months, the account is closed and the accumulated amount is paid to the contributor.
  5. Early withdrawal request is not entertained. Only in cases like terminal illness or death, the contributor or the nominee (as the case may be) will be eligible to receive the accumulated amount.
  6. In case, you do choose to close the scheme before the age of 60, you will not be eligible to receive the Government’s co-contribution amount or the interest accumulated on it. You will only receive your own contribution plus the interest you earn on your contribution.
With a fixed pension post-retirement, Atal Pension Yojana has brought a security cover open to all Indian citizens. It also aims to encourage the culture of investment and savings among the middle and lower strata of society.

Atal pension yojana online apply  Click here

atal pension yojana icici, atal pension yojana form, atal pension yojana benefits, atal pension yojana hdfc,a tal pension yojana pdf, atal pension yojana age limit, atal pension yojana sbi,atal pension yojana in hindi, atal pension yojana 2019