Home You are here : path  Products path Personal path AtalPensionYojana



The Government of India is concerned about the old age income security of the working poor and is focused on encouraging and enabling them to save for their retirement. To address the longevity risks among the workers in unorganized sector and to encourage the workers in unorganized sector to voluntarily save for their retirement.
The GoI has therefore announced a new scheme called Atal Pension Yojana (APY) in 2015-16 budget. The APY is focused on all citizens in the unorganized sector. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through NPS architecture.
Highlights of Atal Pension Yojana:
  • 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
Who is not eligible?

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.
Charges for default:
Banks are required to collect additional amount for delayed payments, such amount will vary from minimum Re 1 per month to Rs 10/- per month as shown below:
  • 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.

The fixed amount of interest/penalty will remain as part of the pension corpus of the subscriber.
Other Information:
  • Subscriber should ensure that the Bank account to be funded enough for auto debit of contribution amount.
Indicative Monthly Contribution Chart:
Age of
Monthly Pension Amount(Rs.)
1000 2000 3000 4000 5000
Indicative Monthly Contribution Amount(Rs.)
18 42 84 126 168 210
20 50 100 150 198 248
25 76 151 226 301 376
30 116 231 347 462 577
35 181 362 543 722 902


291 582 873 1164 1454
NSDL CRA has launched a Mobile Application for the convenience of subscribers of APY. The mobile application will enable the subscribers to remain informed about their APY account. The Mobile Application is hosted on Google Play Store and is live and available for download. The key features available in the Mobile Application which can be used by the subscribers are listed below.
  • 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.