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Atal Pension Yojana (APY)

Central Scheme (All India) Finance Application Mode: MIXED Active
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Verified Scheme Data Profile

This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: www.pension.gov.in Authority: Ministry of Finance • State/Region: Central Scheme (All India) • Last Audited: 28 Jul 2026

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A pension scheme for workers in the unorganized sector that guarantees a monthly pension of Rs 1,000 to Rs 5,000 after the subscriber attains the age of 60.

Detailed Summary

Scheme Overview

The Atal Pension Yojana (APY) is a centrally administered pension product launched by the Government of India under the aegis of the Pension Fund Regulatory and Development Authority (PFRDA). It targets individuals engaged in unorganized‑sector occupations, providing a defined‑benefit pension that commences at age 60. The scheme operates on a co‑contribution model wherein the subscriber pays a fixed monthly premium, and the government contributes a matching amount for eligible beneficiaries.

Contribution Structure

Subscribers select a desired pension bracket (Rs 1,000, 2,000, 3,000, 4,000, or 5,000 per month). The corresponding monthly premium, ranging from approximately Rs 42 to Rs 462, is payable until the subscriber reaches 60 years of age. Premiums are collected via auto‑debit from the subscriber’s savings bank account.

Guarantee and Survivorship

Upon attaining 60 years, the subscriber receives the assured monthly pension for life. In the event of the subscriber’s death after age 60, the spouse is entitled to the same pension amount. If the subscriber dies before 60, the accumulated corpus is transferred to the nominated beneficiary.

Key Benefits & Financial Assistance

Comparison Criteria Benefits
Key Benefits
  • Guaranteed monthly pension of Rs 1,000, 2,000, 3,000, 4,000 or 5,000 after age 60
  • Government co‑contribution for eligible low‑income subscribers
  • Survivorship benefit: spouse receives the same pension after subscriber’s death
  • Corpus returned to nominee if death occurs before age 60

Eligibility Criteria Profile

Comparison Criteria Eligibility
Minimum Age Limit 18 Years or above
Maximum Age Limit 40 Years or below
Occupation Status Farmer, Self-Employed, Unemployed, Homemaker
Domicile State All India (Central Scheme)

Application Process Guide

  1. Visit the bank where you maintain a savings account.
  2. Obtain and complete the APY registration form.
  3. Choose the desired pension amount and corresponding monthly premium.
  4. Authorise auto‑debit of the premium from your savings account.
  5. Submit the form; the bank forwards the application to PFRDA.
  6. Receive enrollment acknowledgment and APY membership number.

Common FAQs regarding this Yojana

Individuals must be between 18 and 40 years of age on the date of enrollment.

No. The pension bracket selected at the time of enrollment is fixed for the life of the scheme.

The accumulated contribution corpus, along with any accrued interest, is transferred to the nominee named by the subscriber.