Atal Pension Yojana (APY) Scheme

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Atal Pension Yojana (APY)

Atal Pension Yojana (APY)
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Atal Pension Yojana Details:

The Atal Pension Yojana (APY) scheme, got launched on May 9, 2015, by PM Narendra Modi at Kolkata. The aim of the scheme is to addresses the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS).

PM Narendra Modi, along with Atal Pension Yojana (APY), he will launched two insurance schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.

To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, who constitute 88% of the total labour force of 47.29 crore as per the 66th Round of NSSO Survey of 2011-12, but do not have any formal pension provision, the Government had started the Swavalamban Scheme in 2010-11. However, coverage under Swavalamban Scheme is inadequate mainly due to lack of guaranteed pension benefits at the age of 60.

Atal Pension Yojana (apy) scheme

The Government announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. Therefore, it has been announced that the Government will launch the Atal Pension Yojana (APY), which will provide a defined pension, depending on the contribution, and its period. The APY will be focussed on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA). Under the APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY. The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by any subscriber under APY would be 20 years or more. The benefit of fixed minimum pension would be guaranteed by the Government. The APY would be introduced from 1st June, 2015.

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Comments

  2. Sir
    Maan lijiye agar 60 saal ke pahale mrityu Ho jati hai Kisi karan vas to

  4. Sir,
    I filled the online APY registration form via SBI but due to technical error of SBI fathers name was taken automatically as my spouse name. The bank and APY help both are unable to correct and divert me towards each other. Kindly do the need ful corrections.
    Thank you

  5. Sir my name is G. praveen kumar i had joined Atal pension scheme in2015 aug till but not recive any govt subsidy who r the elgible for govt subsidy ?

  8. My age is 35 . if I passed away in 40 age , then my nominee can withdraw my total deposit ?

  9. Husbands wife dono kipension ho or husband ki death ho jaye to wife ko dono pension milegi kya please reply

  10. How to check my balance & get statement of APY
    I contribute 409 rs. Every month. Bt I Am not satisfied

    What is pran no

  11. what will happen if I had enrolled for APY from multiple bank accounts, ??

  12. Iam Atal pension Yojana consumer. How can i get pension.? What is the evidence to get Atal pension in future.

  14. Can I reduce my monthly contributions for which I had opted at the entry-level date ?

  15. Sir I have enrolled for atal pension yojna since 2015. Sir at this time I am not a tax payer… may you tell me sir, in future, if I will be a tax payer.. then… that time… shall I be illegible or not… .
    .means shall I take the benefits or not….sir
    .
    .
    Tell me sir… [email protected]

  18. I have subscribe the APY but I want to change the bank will this possible ?

  19. Agar kisiko apy account hai! Agar o NPS account kholna chati he to kea ho khol sakthe hai? Yes/no. Plz send details.

  21. How can I check A/c Statement for APY?
    To whom we can contact for any details, as Home branch have no idea what is going on.

  22. I have apy a.c. & regularly credited installment but still I have not received any statement from apy

  23. I have subscribed apy online. How to download the statement of apy scheme.

  24. I am a service holder of Indian railway , then will l avail myself the atal pension plan?

  25. How can I view my account status and amount aggregated in it till date? Is there any online login like eNPS?

  27. The Administrator,
    PFRDA

    Sir,

    Subject:- Atal Pension Yojana account

    Please clarify –
    1.Whether an income tax payer can open subject account.
    2.Whether an EPF account holder can open the subject account.
    3.What is the last date of opening subject account.

    Thanking you
    Yours Faithfully

    Radho Daswani

  29. I’m all ready customer service user kiya mai on line apne account ka status dekh sakta hun

  30. Sir I am kondalwar Gangadhar my account to not cutting atal pensionyojana scham amount

  31. I contribute to APY scheme. Got PRAN number also. How I can see my contributions and can able to download the transaction details.

  32. hai I am chirag pawar- i approached to my sbi branch on number of occasion and addressed three letters to the bank manger for closing of ATAL PENSION YOGNA but to my great surprise still it is not closed and bank authority is also not ready to reply properly to the customer on the contrary bank manager advise me to close my bank account and forget about money which i have paid in this yogna. Being customer of the bank now i fell that is it not fraud with customer who joined this policy /yogne as neither the bank nor Govt. ready to owe responsibility to close this policy and returned my money- I am hurt but who cares

  35. i am join atal pension yojna dec 2015 still i am not received hard copy of account information so please tell me about when & where received this hard copy my name is dipak shankar botre account open in central bank of india in ahmednagar district in maharashtra

  36. Dear sir,
    I am currently working in Dubai. Am i eligible to apply for Atal Pension Yojana.

  37. Where we can contact to know the detail deposited amount in Apy Account

  38. Dear Team,

    I have registered with HDFC bank for Atal Pension Yojana around 3 months back. And I got a receipt with PRAN number : 500156952849 from HDFC bank at the time of registration. However no money has been deducted till now. I am not sure when they will be deducting money. And can I see the status of my PRAN online? Can I get physical PRAN card?

    Please help me on this. Thanks in advance…

    Thanks,
    Venkatesh

  41. SIR, I JOINED IN THE ATALPENSION SCHEME FROM ANDHRA BANK, SRIDEVI COMPLEX BRANCH, TILAK ROAD, TIRUPATHI, CHITTOOR DIST. I PAID THE TWO INSTE]ALMEWNTS OF MONTHLY PAYMENT. AFTER THAT I DIDNOT PAID THE INSTALMENTS REGULARLY TILL DATE. CAN I PAY THE DUES AT LUMPSUM AMOUNT AND REGULARISE THE SAME. KINDLY CONFIRM TO REPAYTHE SAME.

  42. last year i join Atal pension yojna from SBI , but till even after 1 year i have not get any document of this , i inquired about this in bank told that you will get it by bost, but till after 1 year i wont have any document .
    from where i get this documents & to whom i should contact?

  44. Sir, ye 8.5 lakh rupees subscriber ko nahi mil sakta ya after death nominee ko he milega

  45. Please note that it is an fake as is not giving us only option to track the amount that is deposited. Also if gobto the websites of NPS or NCPRA to track your PRAN no. For APY Thier is no options. So I am already fed in going to bank and asking for my PRAN and my deposit details.

  46. my APY pran no. is PRAN – 500110821331 but i want to know the status of it and when i try to check the status on the central record keeping site it says record not found. ple help.

  47. Can we take two APY to get more pension or what to do for only one APY to get more pension means more than 5000 RS per months ?

  48. i registered on APY for 5000 pension fund. i registered through ICICI bank online portal. i received notification from APY too but now where i can check that every month amount is deposited or not. i have only my PRAN but i don’t now where i can check my account.

  52. How to change the nominee name entered wrongly by bank but i have entered in form correctly

  53. I am 34, I have pay to 824 PM, what is return amount ? What is total amount return per month? after 50 year what I have return?

    Please update how can i Close account?

  55. how to know the e-Statement of my APY scheme PRAN Number – 500029223578.

  56. I have already invest in NPS , can I apply in atal pension scheme also??

  57. Team,
    I am currently a APY subscriber thru my IDBI SB account. I am planning to close my IDBI SB Account but my APY account is liked to it. How can I migrate my IDBI account to SBI or Axis Bank. Can help on suggestion on my problem would be great! thanks a ton in advance.

  58. I have been opted Atal Pension Yojna (APY) in 2015 and regularly deducted amount from my bank account, I have been requested my banker to for statement of APY. They says that they have just open my APY Account and advice to take the matter to Govt. authorities. Kindly help

  62. I have a PRAN no. which is froward to me from NSDLPN. But whenever I check the status of my PRAN no. it’s reply the no. is invalid. How could I sure the PRAN given to me is authenticate or not.? And also I couldn’t make payment to my APY a/c. Please suggest me how could I resolve this problems. My bankers are not take any responsibilities regarding this.

  64. Sir I have paid Amount Rs 1318/- against APY FROM NOV.15 TO May.16(Monthly) ,MY PRAN No:500039086388 but i am not able to track any details for the same with bank or on any website. kindly provide any proof /document or the details of office or website from where it can be collected or downloaded

  65. is there any new schemes announced by P.M.Narendra Modi to NRI’s Who are ready to come back to india to do some business?
    please let me know. I m tired by working abroad. I would like to do something in india.

  67. I have been allotted PRAN No. 500059026593 on 03.05.16. It was approved wef 04.05.16. I received E-Mail from [email protected] on 05.05.16 confirming my Subscriber Registration. My account was scheduled to be auto-debited on 05.05.16, but there is still no Debit from my Account. My Banker is clueless about this. Even Customer care could not help. Any suggestions please?

  69. i have joined atal pension yojna but till date i have not received any proof of joining of yojna????

  71. hello sir: how much long time i will get benefit of it.like after dies can my family get any benefit??

  72. sir mene account open karwa liya or 8-9 installment bhi jma ho gyi or har month installment mere account me se deduction ho rhi par aabhi tak bhi mera pran card bankar nhi aaya h. is card ke liye kha apply karna padega plzzzzzz help me.

  73. I’ve attended 35 years. Now I want to start APY scheme. If I contribute ₹500 per month, then what will be my pension amount?

  74. Features of APY : APY is a voluntary, periodic contribution based pension system, under which the subscriber
    would receive the following benefits:
    (i) Central Government guaranteed minimum pension amount : Each subscriber under APY shall
    receive a Central Government guaranteed minimum pension of Rs. 1000 per month or Rs. 2000 per month or
    Rs. 3000 per month or Rs. 4000 per month or Rs. 5000 per month, after the age of 60 years until death.
    (ii) Central Government guaranteed minimum pension amount to the spouse : After the subscriber’s
    demise, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the
    subscriber until the death of the spouse.
    (iii) Return of the pension wealth to the nominee of the subscriber : After the demise of both the
    subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as
    accumulated till age 60 of the subscriber.

  78. if i am not paying income tax now and joined APY but after i will come in incometax range what will happen

  79. from where I can get my Atal Pension Yojana a/c statement? and how?
    Thanks and Regards
    Indranil

  80. dear Sir,

    I have taken the Atal penson yojna and regularly deducting amount from my account but still i have not received any information from the department. I am also unable to check the online status of my registration. kindly provide the Link and contact details on priority.

    Regards
    Hariom verma
    9928539436

  81. i would like to take a printout of the premium receipts of my APY deductions every month. How can I do it. What is my Pension Policy No.

  82. I hv joined apy on dec 23rd.I hv joined under 5000rs pension scheme.318rs debited from my bank ac.When will i get the 1000rs discount frm the government

  90. what would be the value of Rs. 5000/- pension received by the pensioner at the time of retirement age of 60. what of inflation rate, can that stage of receiving pension of rs. 5000/- will be enough for the pensioner to feed himself or his spouse, what will be rupee value.

    will any dearness allowance or enhanced pension will be contributed by govt. did govt planned or assessed the value of rs. 5000/- in year 2035.

    it seems unjust

  92. I have continued this scheme in ICICI bank account.i want transfer this scheme in another bank account say Axis bank.Is it possible?what is my policy no?Bank says that they need policy number to change bank account.

  93. I am PSU Bank employee, have a PRAN number and our PF is invested under NPS (New Pension Scheme). Can v too apply for APY???

  94. my wife enrolled for the scheme in an the impression that it will yield lot of benefits at the time of maturity. upon checking the details, we did not find much to our benefit. while we checked with bank official for cancellation of the scheme and delinking it from our account, they confirmed that we do not have any info about CLOSURE or CANCELLATION of the scheme.

    surprising to know that this was not even supported and informed while I called up the toll free numbers 1800-180-111 ( DOES NOT EXIST ) / 1800-110-001. the lady on the other end banged the phone back as she said “contact bank officials , we do not have any info about this”.

    is this the way our esteemed govt. plans such schemes for welfare of the people which have procedures to TAKE MONEY FROM PUBLIC, but NO PROCESS FOR RETURNING IT.

    can anyone from the office of ATAL PENSION YOJNA help us to close this scheme and delink from our account

  95. i have opened APY account through SBI naktala Branch on august 2015 but still now didn’t received any documents against the opening every time I am asking the bank they are telling that it is central governement policy they will send u everything on time. but my question how to track that payment online as your PFRA website doesn’st have any option of the PRAN number that is been generated with the APY. So I think that I am alrady been fooled or not or my money that is been deducted is going to somewhere else that any public can’t view it. please help me to track it online or please us the PRAN card and details. from MR.DIBYA MITRA 9-baishnabghata bye lane. kolkata-700047.

  96. Hi, I am 24 years old & working in a private company. Am I eligible to apply for the Atal Pension Yojna? If yes, then what will be the monthly installment to be paid for Rs. 4,000 and Rs. 5,000 monthly pension, respectively?

  98. My Age is 23 and in ICICI bank they are charging Rupees 318 per month. However, HDFC is charging 376 rupees per month. Could you please Provide a valid justification for this discrepancy.

  99. Thank you very much for your immediate reply. Could you please confirm one more thing where I am in dilemma. What if in case of unforseen death of subscribler after paying some EMIs for 3-4 months only? I mean, will subscriber wife eligible to claim corpus amount?

    Request you to please clarify to come out from this dilemma. Thanks again in advance.
    Best Regards,
    Suraj Kumar

  100. Thank you very much for your immediate reply. Could you please confirm one more thing where I am in dilemma. What if in case of unforseen death of subscribler after paying some EMIs for 3-4 months only? I mean, will subscriber wife eligible to claim corpus amount?

    Request you to please clarify to come out from this dilemma. Thanks again in advance.
    Best Regards,
    Suraj Kumar

  102. Can this APY be close in middle after paying some EMIs. I came to know from internet earlier it was not possible but govt has now allowed to close the account after pay small amount of penalty. Rest of amount will be refund. Is this true?

  103. will the amount be deducted after 40 years also? or only till 40? and also will this scheme run even if the BJP govt is not in power from next term

  104. i already applied ATAL PENSION YOJANA in SBI.
    .
    MY QUE IS how track ATAL PENSION YOJANA, & How to get statement

  106. Hi summit paul,

    Summit you will receive apy pension as long are alive. After if nominee also die then the apy pension amount will be given to the nearest kin in blood relation.

  107. I am 21years old. If I register under APY, after completion of 60 years how long will I receive the pension.??
    And after my death if the nominee also dies who will receive the pension.??

  108. Hello radha,

    If you do not have any one who is above 18 then you can definitely declare your 9 years old child as nominee for the Atal Pension Yojana (apy) scheme.

  109. Sir

    For the age of 20 yrs. Rs.248/- is the monthly contribution for individual. Please let me know after five years how much amount I have to contribute per month, because the govt contribution is only for five yrs.

  112. Hi
    I have taken apy last month but i have not got any document either from bank or from govt,can u please confirm what documents i will get and who will give the documents i have only got account no of 12digits

  113. Hello Sujay,

    I’m not sure if portability of Atal Pension Yojna is allowed between banks. Try calling on 1800-180-1111 / 1800-110-001. It is the national toll free number of Atal Pension Yojna. If you get satisfactory answer, then you can add it here. It will help others to understand apy scheme better.

  114. I have already enrolled for ATal Pension yojana Scheme. However, i want to change my bank, is this possible?

  116. Sir

    For APY, govt. will contribute 50% of the total contribution or Rs.1000/- per annum whichever is lower who join the scheme 01 jun 15 to 31 dec 15. The govt contribution will be for 5 yrs. from 2015-16 to 2019-2020. Suppose my contribution is Rs.230/- per month i.e. Rs. 230 x 12 = Rs.2760/- we are contributiong per annum & govt contribution for the same is Rs.1000/-.

    After five yrs how much I have to contribute per month, because at present govt is contributing 50%.

    As per the notification tax payers are not eligible for this scheme. Suppose I have joined the APY at the age of 19. After 5 yrs I have become a tax payer. So can I continue this schem. If I can continue this scheme what is the amount of monthly contribution for me.

    Best Regds

    V.N. Madhusoodanan

  121. Thanks for your comment Sir. Now I want to know the procedure to exit from APY or Block my one out of two APY A/C.

  123. Any subscriber can also exit from Atal Pension Yojana (apy) Scheme provided they give up on the contribution given by the government and also the net actual interest earned on his/her contributions.

    Just simply close one of the account.

  124. Sir,
    I am a customer of SBI, MAnkar Branch, West Bengal. I applied for APY of Rs. 5000. Accidentally two APY A/C has been open in respect of a single SBI A/C and two (02) nos. Premium of Rs. 990/- each is deducting from my A/C. I contact with customer care of APY, they told that bank can block one APY A/C. But when I request the bank, they can not say anything regarding this matter, even they does not know where to contact for this problem and how to do solve this.
    I request you to suggest me what should I do to block one APY A/C and return my premium.

  125. sir 3 month pansion has been deducted till now if i want to close my wife pansion account it is possible can i get my wife money refuned

  127. Sir kya main nomini ka naam life me kabhi bhi change kar sakta hu aur iske liye kya processe hai

  130. Hello sir,
    I want to inform you that i want to enroll for the scheme but our bank that is SBI says that they don’t have any info about apy scheme. So what should we do??
    SBI bank
    Garfa branch(jadabpur)
    They say us to visit the website. But there are many more queries which r nt answered in the sites so wht should we do??
    Pls help..
    With regards
    Ashim dutta

  131. Hi sir,

    I Am devendar, I enrolled to Atul pension scheme. I got My pran and premium is getting debited from my savings account.
    Is there any way where i can check my details with PRAN. (detail like name, Aadhar card number and address, and how uch amount got accumulated etc.)

    Thanks
    Devendar

  132. I subscribed for Atal Pension Yojana on 19-06-2015 from State Bank of India, SBIN0012678, Sagar road Branch, macherla Guntur Dist. AP. The Bank authorities gave an acknowledgement no.1186200675118421483 to me. after that I did not receive any information on APY. Plz guide me. My email ID is [email protected]

  135. Hello Sir,

    I have few queries.
    1. I am 38 years, am i eligible for Atal Pension Yojana.
    2. To get pension of 5000 per month, how much premium i have to pay per month / year.
    3. In case of death before 60, for how many years, the nominee will get the pension.
    4. Which all documents are valid to join the yojana, in case if the candidate doesn’t have adhar card, if passport / PAN card is acceptable.

    Thanks.

  136. I have joined APY without an Aadhaar Card. Bank informed me that I can join now and can provide aadhaar number later after I receive it as there is yet long years for me to complete APY. I have received APY account number and my 2nd month payment is also deducted.

  137. I have taken APY last month. My age will be 26 in September 2015, they should deduct 376 rupees from my account, instead they are deducting 446 rupees drom ky account. Can anyone help me with this.
    Thanks.

  138. Sir, i am working in BSNL . i have EPFO subscriber.

    i already applied ATAL PENSION YOJANA in SBI.
    .
    MY QUE IS how track ATAL PENSION YOJANA.

    9923109370
    9422831050.

  139. You can apply for Atal Pension Yojana as your age is less than 40 but it is not available online. Contact your local bank, there you will have to fill the form on the application. Your bank will help you out on that regard.

  142. Is this Plan available for HDFC customers.I am holding a savings a/c with HDFC and aged 39 yrs.Am i eligible to buy this plan?
    I got confused because under my HDFC Net banking under “Social security plans i could see only Pradhan mantri schemes (Accident & Life insurance) but not the APY.
    Let me know please!

  143. Online application is allowed?(SBI users)
    Age 32, Non Taxable income. PMJJBY &PMSBY activated. Aadhaar Card available.

  145. In case if the Atal Pension Yojna holder dies before the age of 60 then the nominee registered at the time of opening account will get pension. Other wise the fund accumulated in the account can be withdrawn. For more information contact your bank.

  146. Hi, My question is after subscribing to Atal Pension Yojana, if i die before 60s in that case my beneficiary can continue this scheme? if not what happen if she/he don’t continue? what about the amount already paid?

  147. I want pension after 50 yrs. in my wife name & at this time 26 yrs old. Dear sir please suggest me.

  148. Manger is right on one par,t that without “ADHAR card” you can not avail for Atal Pension Yojana. Secondly, APY is available on all the branches on SBI. In case if you are facing problem then contact SBI customer care and share your problem.

  150. I have Voter Id, But my Adhar Card have not come yet.. Valid licence & Electricity bill in my mane..Moreover i have an savings account in SBI Siriti-Muchipara Branch.
    Every time I went to the bank for joining APY, the bank manager turned me down by saying “without ADHAR card,you cant do it”. Moreover the service manager said that their branch will not do any APY scheme.
    What I should do? now
    Plz Help me..I want to do it as early as possible.

  152. Kya atal pension plan… Abhi sbi ki sabhi branches me nhi aaya hai??? Pls confirm.. Kyuki… Our branches is SBI MTPS 6608. Ye durlov pur, west bangal ki branch h.Sbi wale Mana ker rhe hai..ki yaha abhi scheme nhi ayi…

    Please clear..this issue
    Even today I visited the bank, I got the same reply.

  156. You will have to contribute till the age of 60. After that as per Atal Pension Yojana, you will start getting pension as per your contribution. This will remain as long your alive. Hope this answers your query.

  157. What happen, if some mis-happening occurs to me after contributing few years say 5 years, will my nominee will have to continue this further for any benefit
    And what happen in case If I pass away after getting pension for few time i.e. suppose at age of 60 years and 4 months, i pass away, what will happen then???

  158. If I opt for Rs 5000 per month pension plan, after attaining age 60, i will start getting 5000 per month, but I want to ask, till what time will i continue to get this amount, i.e. for how many months will i get this amount, till I am alive or what?

  161. sir meri age 19 hai or mai abhi job bhi nhi krta maine pansion yojana mai apply to kr diya but kya ise cancel kiya jaa sakta h agar koyi problam ho toh pls sir batayiye sir

  162. Hi… My age is 35 and i am NRI…. can i join this scheme…also i am having account in State Bank of Travancore… i am from Kerala… Could you please advise me if i should contact my local bank as i have not got any reply from them as i filled the application form with the adhar card and send it to them.

    Thanking you in advance.

  163. The Exit before age 60 would be permitted only in exceptional circumstances, i.e., in the event of the death of beneficiary or terminal disease. For more call on this tool free number: 1800-180-111 / 1800-110-001

  164. Can the corpus amount under APY be withdrawn by the subscriber after attaining age of 60 years even before his death, whenever he requires it?

  166. AS per the information from pfrda- even if you are an Income tax payer and have PF A/c and also joined the other TWO PM Schemes i.e PMJJBY &PMSBY still one can join APY. The only issue is you will not get the contribution from Govt.side. This is confirmed on toll free No.1800-110-708. You may also talk to them and get first hand information.

  169. I am a beneficiary 0f employees provident fund but not a tax payer. If I join Atal pension Yojana ,As per govt order I will not get any govt contribution in my APY. Now my question is that is there any difference in monthly contribution or same as others(those who are not covered under any social securty scheme) . kindly intimate and oblige, thanks

  172. R/sir hamne pahale nps main pran card bana rakha hai janswablaman yojna ke tahet . par koi bank wala pension khate me jama karne ko taiyar nahi hai apy se to pahale pension yojna sahi hai apni age to 45yr hai

  173. Yes, can apply for Atal Pension Yojana. The minimum age of joining Atal Pension Yojana (APY) is 18 years and maximum age is 40 years. Contact your Bank for more information on Atal Pension Yojana.

Any Question!