APY (Atal Pension Yojana) Calculator

Atal Pension Yojana – Complete Information

we will learn about the Atal Pension Yojana. This is an important scheme launched by the Central Government. It provides pension to people working in the unorganized sector of our country India. At the age of 60, when we are unable to work, this scheme works to provide financial support by providing pension. This scheme was launched by the Prime Minister of our country, Shri Narendra Modi, on 9 May 2015. In this post, we will learn how to apply for this scheme? We will learn complete information about the terms and conditions and eligibility.

This scheme has been implemented by the Central Government of our country for the unorganized sector. This scheme is an important scheme. Which provides us with financial stability in old age. Initially, the Central Government was paying the same amount as the beneficiary was paying in this scheme, but this scheme is getting a lot of response, so now the Central Government has stopped its participation as the government could not pay this amount. In this Atal Pension Scheme, when this scheme was started, people with EPF accounts and tax payers could not take advantage of it, but now this condition has been removed, they will also be able to take advantage of it.

This Atal Pension Scheme is controlled by PFRDA. You have to choose a plan according to the amount you want in this scheme after 60 years. In this scheme, there is a premium chart to be paid according to your age and the pension you want, so choose the premium accordingly.

How to participate in this scheme? How to participate in Atal Pension Scheme? :-

To participate in Atal Pension Yojana, you must have a bank account. To take advantage of Atal Pension Yojana, your age must be between 18 and 40. To take advantage of Atal Pension Yojana, your bank account must be linked with Aadhaar card. Also, the person who wants to apply under Atal Pension Yojana must have a mobile number. Under this atal pension scheme, you can avail the benefits by opening an Atal Pension Account in any nationalized bank as well as some private banks and post offices. Nomination is required for this bank account.

After that, you have to decide how much pension you want after 60 years. Accordingly, you have to deposit the amount. If you want more pension after 60 years, then you have to deposit the amount more. This amount is deducted from your bank account. If you have chosen a higher amount plan earlier and later you are not able to deposit the higher amount, you can change your plan. If you want to deposit more than the first amount, there is also a facility for that. You can go to your bank and fill the relevant form and make the change. For this, the bank may charge you a small charge.

Conditions for withdrawing money from Atal Pension Yojana:-

Under this Atal Pension Yojana, if the person who applies for the benefit under this Atal Pension Yojana dies, his husband or wife gets the pension. If both the husband and wife die, then the nominee gets the amount. The amount can be withdrawn in case of a serious illness of a person covered under the Atal Pension Scheme. We can also inform the nominee about the amount that can be withdrawn under this scheme. For more information about the Atal Pension Scheme, you can contact the toll free number 1800-110-069.atal pension scheme information in Marathi

This scheme has been implemented by the Central Government for the unorganized sector. This scheme is very important because it provides financial stability in old age. Initially, the government contributed an equal amount to the beneficiary's contribution, but due to the increasing number of subscribers, this contribution has been discontinued. Earlier, people with EPF accounts and taxpayers were not allowed to join this scheme, but now this restriction has been removed.

This Atal Pension Scheme is controlled by PFRDA. You have to choose a plan according to the pension amount you want after 60 years. There is a premium chart based on age and selected pension amount, so contributors must select the plan accordingly.

How to Participate in Atal Pension Yojana?

To participate in Atal Pension Yojana, you must fulfill the following conditions:

• You must have a bank account.
• Your age must be between 18 and 40 years.
• Your bank account must be linked with Aadhaar.
• You must have a mobile number.

You can apply for Atal Pension Yojana in any nationalized bank, private bank, or post office. Nomination is mandatory for this account. After opening the account, you must choose the pension amount you want after 60 years. Based on that, you need to deposit monthly or yearly contributions, which will be auto-debited from your bank account.

If you selected a higher contribution plan earlier and later cannot pay, you can change the plan anytime by submitting a form in your bank. The bank may charge a small fee for this change.

Conditions for Withdrawal from Atal Pension Yojana

• If the subscriber dies, the spouse will receive the pension.
• If both the subscriber and spouse die, the nominee will receive the accumulated amount.
• Premature exit is allowed in case of serious illness.
• The nominee can receive the benefits after fulfilling necessary conditions.

For more details, you can contact the toll-free number: 1800-110-069.

Atal Pension Yojana – Application Process

Online Application:

Click the link below to apply online:

Apply for Atal Pension Yojana (Online)

Offline Application:

To apply offline, download the APY Subscriber Registration Form from the official website. Take a printout and visit your bank with all necessary documents such as:

• Aadhaar Card
• Voter ID
• Passport
• Driving License
• Mobile Number

The bank official will verify your documents and open your APY account.

Important Information About Atal Pension Yojana

Atal Pension Yojana (APY) is a pension scheme for Indian citizens, especially those working in the unorganized sector.

Both husband and wife can register under this scheme. If both invest ₹5000 every month, they can receive a combined pension of up to ₹10,000 per month after retirement.

Eligibility:

• Age must be between 18 and 40 years.
• Both must have savings accounts in a bank.
• Aadhaar is optional but helpful for receiving updates.

Pension Amount Options Under APY

Subscribers can receive guaranteed monthly pension of:

• ₹1000
• ₹2000
• ₹3000
• ₹4000
• ₹5000

The pension amount depends on contribution and age at entry.

Benefits of Atal Pension Yojana

• Provides financial security in old age.
• Guaranteed minimum pension between ₹1000 to ₹5000.
• Available to all Indian citizens between 18–40 years.
• The government contributes 50% of the investment or ₹1000 (whichever is lower) for eligible subscribers.
• Government contribution not applicable to income tax payers.

Mandatory Documents

• Indian citizenship
• Age between 18 and 40 years
• Savings bank account linked to Aadhaar
• Aadhaar card
• Mobile number
• Identity proof
• Permanent address proof
• Passport size photo

To apply, open a savings account and fill the Atal Pension Yojana form carefully. Submit it along with documents for verification. After approval, your APY account will be activated.

This scheme is an important step by the Central Government to support unorganized sector workers with financial security in old age. If you found this information useful, please share it and visit our website for more updates.

Frequently Asked Questions

When will I receive my Pension?

Age Of Start Of Pension is 60 Years.

What will happen if the contribution gets delayed?

Subscriber will be charged overdue interest for the delayed period in case the APY contribution gets delayed beyond the due date..

How will I know the status of my contribution?

You can check the status of your contribution by logging into your APY account.

If I have completed 40 years, can I join Atal Pension Yojana?

Yes, you can join Atal Pension Yojana after 40 years.

If I have completed 40 years, can I join Atal Pension Yojana?

Yes, you can join Atal Pension Yojana after 40 years.