Atal Pension Yojna (APY)


The Government of India has announced a new scheme called Atal Pension Yojana (APY). APY is a guaranteed pension scheme and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Atal Pension Yojana (APY) - Details, Benefits, Eligibility & How to apply

Atal Pension Yojana (APY) Features

  • Guaranteed monthly pension for subscribers, ranging from Rs. 1,000 to Rs. 5,000 per month.
  • Government of India (GoI) will also co-contribute 50% of the subscriber’s contribution or Rs. 1,000 per annum, whichever is lower. The Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not an Income Tax payer
  • GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme in the period June 1 to December 31, 2015. The benefit of five years of Government co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.
Indicative APY Contribution Chart (Age wise)
*Data from Atal Pension Yojna  brochure

Atal Pension Yojana (APY)  Penalty for default:

Under APY, the individual subscribers have to make the contribution on a monthly basis. Banks are required to collect additional amount for delayed payments, such amount will vary from minimum Rs. 1 per month to Rs. 10 per month as shown below:

  • Rs. 1 per month for contribution up to Rs. 100 per month.
  • Rs. 2 per month for contribution up to Rs. 101 to 500 per month.
  • Rs. 5 per month for contribution between Rs. 501 to Rs. 1,000 per month.
  • Rs. 10 per month for contribution beyond Rs. 1,001 per month.
  • The fixed amount of interest/ penalty will remain as part of the pension corpus of the subscriber
Atal Pension Yojana (APY) - Details, Benefits, Eligibility & How to apply


Discontinuation of payments of contribution amount shall lead to following:
  • After 6 months account will be frozen.
  • After 12 months account will be closed.

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Atal Pension Yojana (APY)- Know about the PM Atal Pension Yatal pension scheme details, how to apply, benefits of yojana, eligibility criteria, premium amount, risk coverage and more on this scheme here.APY means Atal Pension Yojana for all citizen of india APY

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