PM Atal Pension Yojana (APY)

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Overview & About

Guaranteed pension scheme for unorganized sector workers in India providing ₹1,000–₹5,000 monthly pension after age 60.

Atal Pension Yojana provides guaranteed minimum pension to unorganized sector workers who contribute a small amount monthly during their working years. At age 60, depending on contributions, workers receive ₹1,000–₹5,000/month guaranteed pension for life. The government contributed 50% of the premium (or ₹1,000) for 5 years for early subscribers.

⚡ Key Facts

Authority Central Government / PFRDA

Pension Range ₹1,000–₹5,000/month

Join Age 18–40 years

Pension Starts Age 60

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Benefits

Guaranteed pension: ₹1,000–₹5,000/month after age 60
Spouse gets same pension after subscriber's death
Nominee gets corpus on both spouses' death
5 pension slabs to choose from
Auto-debit from savings account monthly

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Eligibility Criteria

Indian citizen aged 18–40 years
Must have savings bank account
Not covered under any statutory social security scheme
Aadhaar linked to bank account

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Required Documents

Aadhaar card, Bank account, Mobile number

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How to Apply

1

Visit bank branch or apply online via net banking

2

Fill APY registration form

3

Choose pension slab (₹1,000/₹2,000/₹3,000/₹4,000/₹5,000)

4

Monthly premium auto-debited from account

5

After age 60: receive guaranteed monthly pension

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Frequently Asked Questions

What happens to my APY savings if I die before 60? ▾

Your spouse continues the account and receives pension at 60. If spouse also dies, the corpus (accumulated amount) is given to your nominee.

Can income tax payers join APY? ▾

From October 2022, income tax payers are not eligible for new APY enrollment. Existing subscribers are not affected.

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

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PM Atal Pension Yojana (APY)

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

Need Help?

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