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Deposit 6 rupees daily and get 5,000 rupees per month | Learn about Atal Pension Yojana in Details
The Government of India is very concerned about providing social security to elderly citizens, and that is why the Government of India has launched the Atal Pension Yojana Scheme. If you deposit ₹6 per day or ₹210 per month in this scheme, you will get ₹ 5,000 per month.
Atal Pension Yojana
- Atal Pension Yojana (APY) is a guaranteed pension scheme of the Government of India. PFRDA is implementing the authority of this scheme.
- The Central Government launched the Atal Pension Scheme on 9th May, 2015 to bring all Indians, including the poor, backward, and unorganized sector workers, under the social security scheme. This scheme is effective since 1st June 2015.
- From May 9, 2015, to May 9, 2020, about 2 crores 23 lakh people have enrolled in the Atal Pension Yojana Scheme.
Atal Pension Yojana Eligibility
- Any Indian citizen between the ages of 18 and 40 who has a savings account in a bank or post office can avail this scheme.
- So, the minimum age limit of Atal Pension Yojana is 18 years and the maximum age limit is 40 years.
Atal Pension Yojana Benefits
- There are three main benefits of Atal Pension Yojana –
- By participating in this scheme, the beneficiary will get a guaranteed pension of Rs.1,000 to Rs.5,000 per month, after attaining the age of 60 years, based on the amount deposited as a monthly premium
- Secondly, in case of death of a person registered under the scheme, the spouse mentioned as a nominee will get a guaranteed pension under this scheme when he/she attains the age of 60 years.
- Again, in case of the death of both the customer and his/her spouse, the nominee will get the full pension amount.
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Atal Pension Yojana Age Limit
- The minimum age for joining the Atal Pension Scheme is 18 years and the maximum age is 40 years.
Atal Pension Yojana Calculator
- If you want to get a pension of Rs 1,000 per month in the Atal Pension Yojana, you have to pay a premium as per the rate given below.
Age of Joining | Premium has to deposit for the number of years | Monthly Premium | Monthly Pension | Nominee will get (If the Subscriber & his/her Spouse dies) |
18 | 42 | 42 | 1,000 | 1.7 lakhs |
20 | 40 | 50 | 1,000 | 1.7 lakhs |
25 | 35 | 76 | 1,000 | 1.7 lakhs |
30 | 30 | 116 | 1,000 | 1.7 lakhs |
35 | 25 | 181 | 1,000 | 1.7 lakhs |
40 | 20 | 291 | 1,000 | 1.7 lakhs |
- If you want to get a pension of Rs 2,000 per month in the Atal Pension Yojana, you have to pay premium as per the rate given below.
Age of Joining | Premium has to deposit for the number of years | Monthly Premium | Monthly Pension | Nominee will get (If the Subscriber & his/her Spouse dies) |
18 | 42 | 84 | 2,000 | 3.4 lakhs |
20 | 40 | 100 | 2,000 | 3.4 lakhs |
25 | 35 | 151 | 2,000 | 3.4 lakhs |
30 | 30 | 231 | 2,000 | 3.4 lakhs |
35 | 25 | 362 | 2,000 | 3.4 lakhs |
40 | 20 | 582 | 2,000 | 3.4 lakhs |
- If you want to get a pension of Rs 3,000 per month in the Atal Pension Scheme, you have to pay a premium as per the following rates.
Age of Joining | Premium has to deposit for the number of years | Monthly Premium | Monthly Pension | Nominee will get (If the Subscriber & his/her Spouse dies) |
18 | 42 | 126 | 3,000 | 5.1 lakhs |
20 | 40 | 150 | 3,000 | 5.1 lakhs |
25 | 35 | 226 | 3,000 | 5.1 lakhs |
30 | 30 | 347 | 3,000 | 5.1 lakhs |
35 | 25 | 543 | 3,000 | 5.1 lakhs |
40 | 20 | 873 | 3,000 | 5.1 lakhs |
- If you want to get a pension of Rs 4,000 per month in the Atal Pension Scheme, you have to pay a premium as per the following rates.
Age of Joining | Premium has to deposit for the number of years | Monthly Premium | Monthly Pension | Nominee will get (If the Subscriber & his/her Spouse dies) |
18 | 42 | 168 | 4,000 | 6.8 lakhs |
20 | 40 | 198 | 4,000 | 6.8 lakhs |
25 | 35 | 301 | 4,000 | 6.8 lakhs |
30 | 30 | 462 | 4,000 | 6.8 lakhs |
35 | 25 | 722 | 4,000 | 6.8 lakhs |
40 | 20 | 1164 | 4,000 | 6.8 lakhs |
- If you want to get a pension of Rs 5,000 per month in the Atal Pension Scheme, you have to pay a premium as per the following rates.
Age of Joining | Premium has to deposit for the number of years | Monthly Premium | Monthly Pension | Nominee will get (If the Subscriber & his/her Spouse dies) |
18 | 42 | 210 | 5,000 | 8.5 lakhs |
20 | 40 | 248 | 5,000 | 8.5 lakhs |
25 | 35 | 376 | 5,000 | 8.5 lakhs |
30 | 30 | 577 | 5,000 | 8.5 lakhs |
35 | 25 | 902 | 5,000 | 8.5 lakhs |
40 | 20 | 1454 | 5,000 | 8.5 lakhs |
How to submit premium of Atal Pension Yojana
- The premium for Atal Pension Plan will be deducted automatically (auto-debit) from your savings account every month.
Atal Pension Yojana – Documents required for the application
- If KYC has already been done in the applicant’s savings account then no documents will be required to submit by the applicant.
- Otherwise the applicant will need Aadhaar card and two copies of passport size photo and the applicant’s mobile number (which is attached to his Aadhaar).
Atal Pension Yojana – How to apply
- There are two ways to apply for Atal Pension Yojana –
- Via Online method and
- Via Offline mode
Atal Pension Yojana Online Apply?
- You can apply for Atal Pension Plan online by logging in to your savings account through Net Banking.
- Atal Pension Plan Offline apply
- Go to your nearest bank or post office where you have a savings account and fill in and submit all the information in the Atal Pension Yojana Plan application form.
- After few days, your name be registered for the Atal Pension Yojana Scheme.
Atal Pension Yojana Application Form
- Click here to download Post Office Form for Atal Pension Scheme.
- Application Form for Atal Pension Yojana.
We hope that you will get to know some new information from this post. If you have any questions about Atal Pension Scheme (APY) or any other government scheme, please let us know in the comment box or email us at our email id [email protected]. If you like this post, share it with others and give others a chance to know.
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