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RBI regulated & DICGC insured
Social security scheme

Atal Pension Yojana

A Government of India social-security pension scheme for eligible subscribers.

APY

Plan for a More Secure Retirement

APY gives eligible subscribers a choice of assured monthly pension. The contribution amount depends on the subscriber's age, selected pension amount and contribution frequency.

Subscribers may change their pension amount or contribution frequency once a year, currently in April.

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Scheme details

At a Glance

The following APY details are published by APRB.

Scheme overview

  • A Government of India social-security pension scheme intended to support a pensioned society.
  • Choose an assured monthly pension of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or Rs. 5,000.
  • Contributions may be made monthly, quarterly or half-yearly through auto-debit.

Eligibility

  • Available to Indian citizens aged 18 to 39 years through a savings bank account.
  • Visit any APRB branch to enrol.
  • Contributions continue until the subscriber reaches 60 years of age.

Pension benefits

  • The chosen pension is payable from the age of 60 years.
  • After a subscriber's demise, the same pension is payable to the spouse.
  • After the demise of both subscriber and spouse, the accumulated corpus is returned to the nominee.