By: Ministry of FinanceFor: Senior Citizens

Pradhan Mantri Atal Pension Yojana (APY)

February 18, 2016 | UPDATED ON: July 19, 2019
Atal Pension Yojana

What is Atal Pension Yojana (APY)

Atal Pension Yojana is also one of the Jan Suraksha Schemes launched by NDA Government. Atal Pension Yojana aims to create social security at old age. The scheme provides a minimum pension of Rs. 1000 and Maximum Rs. 5000 per month after the age of 60 years.

To ensure that the old age Indians does not worry about expenditure on their food or illness, the Atal Pension Yojana was launched and has proved to be a very good initiative so far. The national pension scheme is active since 1st June 2015.

Latest Update (27 March 2018) – People can also see Atal Pension Yojana Online Form / Statement / Calculator / Chart & Review

25 March 2016: Spouse Now Eligible for Pension Under Atal Pension Yojana
24 February 2016: Atal Pension Yojana Now Eligible for Tax Benefits

The scheme is specially for those working in private sector or employed where the employer does not offer the pension at old age. Such people can enroll into the scheme to get a pension benefit of Rs. 1000 to Rs. 5000 on attaining the age of 60 years.

Pradhan Mantri Atal Pension Yojana

Pradhan Mantri Atal Pension Yojana

Benefits of Atal Pension Yojana

The main benefit of the scheme is that it will bring financial security at old age without much investment. The same will also help promote the culture of saving and investment in the current generation of Indian population.

The contribution payments for Atal Pension Yojana can be made on monthly, quarterly or half-yearly basis as per the convenience of the subscriber.

Eligibility for Atal Pension Yojana

  • Any Indian citizen between the age of 18 to 40 year is eligible to participate in the scheme. The scheme requires any individual to contribute for minimum of 20 years before reaping the pension benefits.
  • To participate in the scheme, the applicant should have a saving bank account and should not be a member of any statutory social security scheme.
  • All the existing members of Swavalamban Yojana NPS Lite which did not gain much popularity has automatically been migrated to Atal Pension Yojana.
  • The applicant should not be a tax-payer to the country.

How to Enroll in to the Atal Pension Yojana

To enroll for the scheme, the applicant should have a saving bank account with any bank across the country. The account holder should present a dually filled authorization form to the bank.

The authorization form requires complete details of the applying candidate such as name, address, account details, nominee details, contribution amount and consent for the auto debit of the amount.

The account holders should maintain the sufficient balance which is more than the contribution amount to ensure that auto debit is not affected.

If the account does not have the minimum balance for auto debit, it will attract a monthly fine of

  • INR 1 for monthly contribution up to INR 100
  • INR 2 for monthly contribution between INR 101 and INR 500
  • INR 5 for monthly contribution between INR 501 and INR 1,000
  • INR 10 for monthly contribution beyond INR 1,001

If the monthly contribution is not made of continuous 6 months, the account will be frozen. The account will be deactivated if no payment is made for 12 months or will be closed in case non-payment for 24 months.

The applicants who does not have a bank account should open a bank account first using their KYC documents or Aadhar card and then present the APY proposal form.

Application Forms for Atal Pension Yojana

The application forms for Atal Pension Yojana can be download from the official website using the link below in any of your preferred language out of English, Hindi, Gujarati, Bangla, Kannada, Odia, Marathi, Telugu and Tamil.

Indicative Contribution for Various Pension Amounts (in INR)

Entry AgeYears of ContributionMonthly Pension INR 1000Monthly Pension INR 2000Monthly Pension INR 3000Monthly Pension INR 4000Monthly Pension INR 5000

* Data Source:

Exiting the Scheme

Once enrolled, the candidate can exit the scheme anytime, the contribution will be refunded to the subscriber along with the net actual interest earned on his contributions. Any special circumstances such as death of the beneficiary can also be considered as the closure of the scheme and amount will be paid to nominee in this case.


The government has extended the co-contributory scheme under Atal Pension Yojana (APY) till March 2016. Under APY, the government contributes 50% of the subscriber’s contribution, up to Rs 1,000 per annum, for a period of five years to those who joined the scheme before December 31, 2015.

APY Results

As of 17 February 2016, a total of 2,059,421 people have subscribed for the Atal Pension Yojana across the country. The latest statistics can be found at

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Rajesh Kumar at Sarkari Yojana
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