Atal Pension Yojna


The Government of India introduced the “Atal Pension Yojana” in June, 2015. The Atal Pension Yojana is administered by the PFRDA (Pension Fund Regulatory and Development Authority) under the National Pension System (NPS). The scheme was launched to encourage individuals from the weaker section to opt for pension, which would immensely benefit them during their old age. The Atal Pension Yojana scheme can also be taken by individuals working in private sector organisations or by anyone who is self-employed. The Atal Pension Yojana scheme helps the weaker section to save up for their old age and get a guaranteed monthly pension amount.


Any Indian Citizen who is between the age bracket 18 – 39 (age last birthday) can join the scheme through his/her Bank account.


Fixed pension for the subscribers ranging between Rs. 1000 to Rs. 5000, if he joins and contributes between the age of 18 years and 40 years. The contribution levels would vary and would be low if subscriber joins early and increase if he joins late.

Procedure For Opening APY Accounts

Approach the branch where individual’s savings bank account is held.

Fill up the APY registration form.

Provide Aadhaar/Mobile Number.

Ensure keeping the required balance in the savings bank account for transfer of monthly contribution

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