Last Updated: 6 June 2015

Atal Pension Yojana (APY) Scheme Details: Eligibility, Benifits and Guidelines

Are you interested to know about Atal Pension Yojana (APY) Scheme Details? Then get the details regarding APY's eligibility and guidelines regarding the scheme launched by Government of India. You are assured with lots of benefits once you start saving through APY scheme for lifetime. You can also see the age limit and calculate your contribution monthly towards the fund. You can also check the penalty laid if you cannot pay the amount for any month and remain connected with SMS alerts for your access.





All existing registered members of Swavalamban Scheme in PMSBY will be shifted to APY scheme with reference to June 2015.

The Atal Pension Yojana Details are available in English, Hindi, Bengali, Telugu, Tamil, Gujarati, Marathi, Kannada through PDF document version online.

The following banks are officially linked directly with APY Scheme online: State Bank of India (SBI), Axis Bank Limited, ICICI Bank Limited, HDFC Bank Limited, UCO Bank, Canara Bank.

What is the Eligibility for APY Scheme?


Atal Pension Yojana Scheme is basically targeted towards mid sector communities and families of India. Those members who are not a part of statutory social security scheme are eligible to take part in this scheme. Members who are not a part of income tax payers are eligible for this scheme. These two conditions are must to comply with during your entire life as part of APY programme.

Those individuals who owns small scale business in India having income less than a specified amount are also eligible for this scheme. A bank account in any Indian nationalized branch is mandatory for availing the scheme.

Funding and Contributions towards APY Scheme


You are entitled to get a fixed amount in form of pension from APY fund every month after you cross 60 years of age. This amount ranges from Rs.1000/- to Rs.5000/- every month based on monthly contributions you make towards your account. Individuals from 18 years to 40 years of age can apply for the scheme with minimum 20 years towards contribution of fund in APY.




The amount of premium ranges from Rs.42 to Rs.210 from 18 years to 60 years of contribution. The later you join, the higher the amount in form of contributions you need to make every month depending on period of months left. You will also be alerted on regular basis regarding your account balance, balance deductions and months contributed through SMS facility.

Benefits of APY Scheme to their Subscribers


All those who enroll for the programme will receive fixed income monthly starting from 60 years of age as mentioned above. Some of the key benefits of this scheme are:

  • Government will additionally pay 50% of your contributions or Rs.1000/- for next 5 years based on your account balance. In order to avail the benefit, you need to join the scheme by December 31, 2015.
  • In case of subscriber's death, the pension amount can be received by his spouse monthly without any change.
  • In case of subscriber's death and spouse's death, an amount of Rs.1.7 lakhs to Rs.8.5 lakhs will be received by their nominee.
  • In case of subscriber's death before 60 years, the pension will start from that very year. 

Atal Pension Yojana Application form registration online





You can start registration for this pension scheme to avail benefits lifelong after your retirement. You can fill up a simple application form online or download the application and submit it to your bank where you posses your account.

To know more about it, click here: APY Scheme Registration Application Form

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