Atal Pension Yojna full Detail

Atal Pension Yojna full Detail

વોટ્સએપ ગ્રુપમાં જોડાવા ➙ ક્લિક કરો

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Atal Pension Yojna full Detail

To join the scheme one needs to have a savings bank account, Aadhaar and active mobile number. If a person takes this scheme after 60, he has to invest at least 20 years to get pension
If you have not taken any pension plan till date and you want to take a plan in which you want to be entitled to a pension by paying less then the Central Government's Atal Pension Scheme is right for you. Under this, on reaching the age of 60, one gets a pension of Rs.1000 to Rs.5000 per month. It can be invested by a person between the ages of 18 and 40.


Anyone between the ages of 18 and 40 can open an account
Anyone between the ages of 18 and 40 can open an Atal Pension Scheme account

To join the scheme, one needs to have a savings bank account, Aadhaar and an active mobile number

If a person takes this scheme, he has to invest at least 20 years.
Investors can invest monthly, quarterly or semi-annual i.e. for a period of 6 months.


Contribution will be auto debited. That is, the fixed amount will be automatically deducted from your account and credited to your pension account.

How much will be deducted depends on how much pension you want after retirement.

In it you can claim tax benefit up to Rs 1.5 lakh under section 80c.

You can make a contribution of Rs 42 to 210 per month


image source: vikaspedia
For a pension of Rs 1,000 to Rs 5,000 per month, the subscriber will have to pay from Rs 42 to Rs 210 per month. This will happen when the plan is taken at the age of 18.


On the other hand, if a subscriber takes up the scheme at the age of 40, he will have to make a monthly contribution ranging from Rs 291 to Rs 1454.


The more the subscriber contributes, the more pension he will get after retirement. However, it should not exceed Rs 5,000. That is why the contribution will also be according to it.


How to open an account



You can open an account by going to any bank
You can download the


You will have to fill up this form and deposit it in the bank branch


In addition, a photocopy of your mobile number and Aadhaar card will also have to be submitted.


You will receive a confirmation message after the application is approved.


An online account can be opened in SBI

Eligibility of the beneficiary of Atal Pension Scheme

The Atal Pension (APY) is for all Indian citizens between the ages of 18 and 40. To avail the benefits of this scheme, everyone has to pay the amount fixed by the government for at least 30 years. Any bank account holder who is not a member of any such social security scheme can avail this scheme.
For a monthly pension of Rs.1000 / - to Rs.3000 / -, the beneficiary will have to pay an age based contribution of Rs.5 / - to Rs.21 / -.
The level of contribution will vary with the age of the person. A person who joins at a younger age will have less contribution and more for older age.
To encourage investment in this scheme, a new account will be credited to the account holder by the Central Government before 31-12-2017 within a maximum limit of Rs.1000 / - per annum or whichever is less than 50% of the total contribution in the account. (From 2013-14 to 2017-20) The savers of the present Rashtriya Swavalamban Yojana will be automatically transferred to the Atal Pension Yojana.


To take advantage of this scheme

The account holder has to fill up the authorization form and submit it to his bank. In which details of account number, spouse and nominee (heir) have to be written. Under this scheme, the account holder has to ensure that there is a fixed amount in his account every month. If that doesn't happen, it's time to dump her and move on. These penalties are normal, such as Rs 1 for every Rs 100, Rs 5 for 101 to 200 contributions, Rs 5 for Rs 201 to Rs 1,000 and Rs 10 for more than Rs 1,001.
If payment is not made ... If payment is not made for 6 months, the account holder's account can be sealed. If payment is not made within 15 months, the account holder's account is deactivated. The account of the person who does not make this payment for 6 months is completely closed. Anyone who does not have an account has to open a bank account first and provide Aadhaar card and KYC information. At the same time, the form of 'APY' has to be submitted. If you want to exit the plan ...
Under normal circumstances, an account holder in Atal Pension Scheme cannot opt ​​out of Atal Pension Scheme till the age of 60 years. The account can be closed only in certain special circumstances, such as after his death.
important link::::

If you have an account with SBI Bank, you can avail this scheme through Net Banking
You must first login to SBI to apply.


Then click on the e-Services link


A new window will open with a link to the Social Security Scheme. There you have to click.





Then you will see 3 options, PMJJBY / PMSBY / APY. Here you have to click on APY i.e. Atal Pension Plan.


Bank, you can avail this scheme through Net Banking



Then you have to fill in your complete information. In which correct account number, name, age and address information should be given.


Which option are you choosing in the pension option, such as Rs. 5000 per month


Monthly contributions will then be determined based on your age.

all deatail pdf



Atal Pension Yojana (APY) Is A Pension Scheme Launched By The Government Of India For The Benefit Of Individuals, Especially Those Working In The Unorganised Sector. The Scheme Was Launched In 2015 And Replaced The Previously Launched Government Scheme, Swavalamban Yojana. The Underlining Objective Of This Scheme Is To Provide Social And Financial Security To People In Their Old Age By Enabling Them To Make Regular Savings During Their Productive Years.

Atal Pension Yojana Aims At Providing Minimum Guaranteed Monthly Pension After The Age Of 60 Years In Different Slabs Viz. Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 And Rs. 5,000. Apart From Workers In The Unorganised Sector For Which The Scheme Is Highly Beneficial, Employees From The Private Sector Can Also Apply For APY To Avail Its Numerous Advantages. The Pension Amount Will Be Fixed Depending On The Age Of The Subscriber And The Contribution Made By Him Or Her.


A Subscriber’s Spouse Is Entitled To Claim The Pension Amount Under The Atal Pension Yojana Upon His Or Her Death. The Spouse Have Two Options Before Them If A Subscriber Dies Before Completing The Age Of 60 Years – To Exit The Scheme And Claim The Entire Pension Amount Or Continue With The Scheme For The Remaining Period. In Case Of Death Of Both The Subscriber And The Spouse, The Accumulated Pension Amount Can Be Claimed By The Nominee. In Accordance With The Investment Pattern Set By The Government,


The Collected Amount Under APY Is Managed By The Pensions Funds Regulatory Authority Of India (PFRDA). The Central Government Also Co-Contributes 50% Of The Total Contribution Or Rs. 1,000 Per Annum, Whichever Is Lower, To Each Eligible Subscriber Who Joined The Scheme Between Before 31st December 2015, For Financial Year 2015-16 To 2019-20. This Is Applicable If Subscribers Are Not Income Tax Payers Or Part Of Any Other Social Security Scheme.
Benefits of Atal Pension Yojana

The Atal Pension Yojana Is An Excellent Saving Scheme For Individuals And Offers Ample Benefits At A Time When A Person’s Income-Earning Capacity Is Low. The Savings Made Through This Scheme Enables People To Deal With Rising Cost Of Living And Lead A Dignified Life Even After Retirement. Some Of The Advantages Of APY Are Given Below:
The Subscribers Can Increase Their Premium As Per Their Choice And Can Look Forward To Huge Monthly Pension Amounts, Ranging Between Rs. 1,000 And Rs. 5,000, By Making Significant Contributions.
Regular Updates Such As Status Of Contribution Are Provided To The Subscribers Via SMS Alerts And Physical Account Statement.
The Account Is Portable And Will Be Linked To Bank Account So That The Subscriber Can Operate It From Anywhere In The Country.
APY Is An Affordable Scheme And Is Available At Ultra-Low Cost And Investment Can Be As Low As Rs. 42 Per Month, Provided The Age At Entry Is 18 Years.
It Is Regulated By PFRDA With Transparent Investment Norms. The Money Contributions Made By Subscribers Of APY Are Maintained Safely.
At The Time Of Investment, Individuals Can Claim Income Tax Benefit Of Up To Rs. 1.5 Lakh Under The Section 80C Of The Income Tax Act Of 1961. Moreover, They Can Also Avail Deductions Of Up To Rs. 50,000 Under Section 80CCD (1B).
Atal Pension Yojana Eligibility

To Avail The Multiple Benefits Of Atal Pension Yojana Scheme, Individuals Should Meet The Eligibility Criteria, As Mentioned Below:

The Subscribers Of The Atal Pension Yojana Scheme Should Be A Citizen Of India.


The Minimum Age Of An Individual Applying For The Scheme Is 18 Years And Maximum Age Is 40 Years. If An Individual Joins At The Age Of 40 Years To Avail A Monthly Pension Of Rs. 1,000, He Or She Is Required To Contribute A Higher Amount Than Those Joining At 18 Years.

The Subscribers Must Make Regular Contributions For A Minimum Of 20 Years, Depending On Their Age At Entry And Pension Slab Chosen.

The Prospective Applicants Of The APY Scheme Should Have A Valid Mobile Number And A Bank Account Linked To Their Aadhar Number. This Is An Important Requirement During The Registration Process And To Get Periodic Updates On The APY Account.
HIGHLIGHTS OF ATAL PENSION YOJANA
Under the APY, there is guaranteed minimum monthly pension for the subscribers ranging between Rs. 1000 and Rs. 5000 per month.
The benefit of minimum pension would be guaranteed by the GoI.
GoI will also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower. Government co-contribution is available for those who
are not covered by any Statutory Social Security Schemes and is not income tax payer.
GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme between the period 1st June, 2015 to 31st December, 2015. The
benefit of five years of government Co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.
All bank account holders may join APY.
Charges For Default Atal Pension Yojana

Banks are required to collect additional amount for delayed payments, such amount will vary from minimum Re 1 per month to Rs 10/- per month as shown below:
Re. 1 per month for contribution upto Rs. 100 per month.
Re. 2 per month for contribution upto Rs. 101 to 500/- per month.
Re 5 per month for contribution between Rs 501/- to 1000/- per month.
Rs 10 per month for contribution beyond Rs 1001/- per month.

The fixed amount of interest/penalty will remain as part of the pension corpus of the subscriber
Important information for subscriber:

Discontinuation of payments of contribution amount shall lead to following:
After 6 months account will be frozen.
After 12 months account will be deactivated.
After 24 months account will be closed.

Subscriber should ensure that the Bank account to be funded enough for auto debit of contribution amount.
Exit : Atal Pension Yojana

On Attaining The Age Of 60 Years:

The Exit From Atal Pension Yojana Is Permitted At The Age With 100% Annuitisation Of Pension Wealth. On Exit, Pension Would Be Available To The Subscriber.

In Case Of Death Of The Subscriber Due To Any Cause:


In Case Of Death Of Subscriber Pension Would Be Available To The Spouse And On The Death Of Both Of Them (Subscriber And Spouse), The Pension Corpus Would Be Returned To His Nominee.

Exit Before The Age Of 60 Years:


Exit Before 60 Years Of Age Is Not Permitted However It Is Permitted Only In Exceptional Circumstances, I.E., In The Event Of The Death Of Beneficiary Or Terminal Disease.
Atal Pension Yojana Contribution Chart

Subscribers can make monthly contributions as per below given chart. They are also entitled for making contributions on quarterly and half-yearly basis.

Important Links : Atal Pension Yojana

Atal Pension Form Click Here
Gujarati Brochure Click Here

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