• The Atal Pension Yojana was established by the Government of India to provide guaranteed monthly pension to all Indians after the age of 60 years. It mainly aims at poor, under-privileged and workers in the unorganized sector. It is regulated by PFRDA (Pension Fund Regulatory and Development Authority) through NPS (National Pension System) architecture.
• Guaranteed minimum monthly pension for subscribers ranging between Rs.1000 and Rs.5000 per month (in multiples of 1000)
• Minimum pension would be guaranteed by Government of India,in the sense that if the actual realized returns on the pension contribution are less than the assumed returns for minimum guaranteed pension, over the period of contribution, such shortfall shall be funded by Government. On the other hand, if the actual returns on the pension contributions are higher than the assumed returns for minimum guaranteed pension, over the period of contribution,such excess shall be credited to the subscribers account, resulting in enhanced scheme benefits to the subscribers
• GOI will also co-contribute 50% of the subscriber’s contribution or Rs.1000/- perannum, whichever is lower, only for the first 5 years.
• The benefit of contribution is for a period of 5 years and the scheme is for those who open the accounts between the periods 1.06.2015 to 31.03.2016.

• Applicable to all citizens of India aged between 18-40 years.
• Aadhaar will be the primary KYC.
• If not available at the time of opening account Aadhaar details may be submitted at a later stage.
• All bank account holders may join APY

The following person is not eligible for Government’s contribution on the following criteria.

• Who joined the scheme on or after 01.04.2016.
• If he is an income tax payer.
• If he is covered under any of the social security schemes or employees provident fund schemes.
• Non Resident Indians (NRI) are not eligible to open the account. If an Indian citizen becomes NRI during the tenure of APS scheme, then the account will be closed and entire contributions and the returns earned on them will be paid to the account holder.

• On attaining the age of 60 years
• Permitted at the age with 100% annuitisation of pension wealth/Corpus. On exit, Pension would be available to the subscriber.
• In case of death of subscriber pension would be available to the spouse and on the death of both of them(subscriber and spouse), the pension corpus would be returned to his nominee
• Voluntary exit before 60 years of age is permitted. In case a subscriber, who has availed Government co- contribution under APY, along with the net actual accrued income on his contribution (after deducting the account maintenance charges). The Government Co-contribution, and accrued income earned on the Government co-contribution, shall not be returned to such subscriber.

• Re 1 per month for contribution up to Rs 100 per month.
• Re 2 per month for contribution between Rs 101 to 500/- per month.
• Re 5 per month for contribution between Rs 501/- to 1000/- per month.
• Rs 10 per month for contribution beyond Rs 1001/- per month.

• Subscriber should ensure that the Bank account to be funded enough for auto debit of contribution amount.

• View Current Holdings under APY
• Download Transaction Statement under APY
• View Account details under APY
• View Last 5 contribution transactions under APY
• E – PRAN: This feature enables the subscriber to view the E-PRAN as well as download the same.
• Aadhaar Seeding – This feature enables the subscriber to seed the Aadhaar for APY account by entering VID.