Ministry of Finance (administered by PFRDA)
Atal Pension Yojana (APY)
Launched: 9 May 2015
Who is this scheme for?
All Indian citizens in unorganised sector aged 18-40 — guaranteed monthly pension of ₹1,000 to ₹5,000 after 60.
Benefit amount & what you get
Guaranteed monthly pension of ₹1,000 / ₹2,000 / ₹3,000 / ₹4,000 / ₹5,000 from age 60 onwards (you choose). Equal pension to spouse on subscriber's death. Return of corpus to nominee on both deaths.
Eligibility criteria
Indian citizen 18-40 yrs with savings bank account + Aadhaar. NOT covered by any other statutory social security scheme. Not an income-tax payer (from 1 Oct 2022).
How to apply — step by step
Visit your bank → fill APY form → choose pension amount + monthly/quarterly/yearly contribution → auto-debit setup. Online via netbanking on most PSU banks. Monthly contribution ranges ₹42 (18yr, ₹1k pension) to ₹1,454 (40yr, ₹5k pension).
Related schemes
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