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.
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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Nithya says
04/08/2015 at 11:56 AMI 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.
Sanjit Singh says
29/07/2015 at 11:36 AMI 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.
shivkumar says
27/07/2015 at 10:29 PMSir, 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.
Nethravathi says
18/07/2015 at 10:43 AMhow to apply Atal pension Yojana online
Atal Pension Yojana says
18/07/2015 at 8:29 PMFor more accurate information on Atal Pension Yojana kindly contact your local bank.
Sunil says
18/07/2015 at 1:57 AMIs 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!
Atal Pension Yojana says
18/07/2015 at 8:31 PMYou 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.
Banti says
12/07/2015 at 12:42 AMOnline application is allowed?(SBI users)
Age 32, Non Taxable income. PMJJBY &PMSBY activated. Aadhaar Card available.
Nirav Suthar says
10/07/2015 at 11:41 PMHi, 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?
Atal Pension Yojana says
11/07/2015 at 4:34 PMIn 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.
Rajat Sarkar says
10/07/2015 at 4:49 PMI want pension after 50 yrs. in my wife name & at this time 26 yrs old. Dear sir please suggest me.
Atal Pension Yojana says
11/07/2015 at 4:35 PMAtal Pension Yojna will start only after the age of 60. Not before that.
Joy Natta says
08/07/2015 at 4:11 PMI 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.
Atal Pension Yojana says
08/07/2015 at 11:54 PMManger 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.
Param says
03/07/2015 at 1:31 PMKya 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.
Atal Pension Yojana says
04/07/2015 at 9:38 PMAtal Pension yojana is available at all the branches of SBI. Call Customer Care to know more about Atal Pension Yojana.
Atal Pension Yojana says
08/07/2015 at 11:51 PMCall on this number 1800-180-111 / 1800-110-001 and tell them about the problem.
Nithya says
02/07/2015 at 3:42 PMI dont have an aadhaar card. can I join atal pension yojana
Atal Pension Yojana says
02/07/2015 at 7:34 PMYou must have aadhaar card if you want to apply for atal pension yojana.
Himanshu Dixit says
01/07/2015 at 11:02 AMWhat 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???
Himanshu Dixit says
01/07/2015 at 10:55 AMIf 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?
Atal Pension Yojana says
02/07/2015 at 12:29 AMYou 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.
maheswar prasad behera says
30/06/2015 at 2:05 PMcan apply for atal pension yojana online through net banking?
Atal Pension Yojana says
01/07/2015 at 2:13 AMTo apply for atal pension yojana you must visit your local bank branch and fill the form. For more information you can call your bank customer care no.
Dipansu Haldar says
26/06/2015 at 1:23 PMsir 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
Rafid Abdul Rahman says
23/06/2015 at 4:34 PMHi… 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.
Atal Pension Yojana says
02/07/2015 at 7:47 PMNow NRIs can apply for atal pension yojana. Read here for more – https://atalpensionyojana.in/pfrda-roping-in-banks-to-tap-nris-for-national-pension-scheme/
Vivek Tiwari says
22/06/2015 at 8:08 PMCan the corpus amount under APY be withdrawn by the subscriber after attaining age of 60 years even before his death, whenever he requires it?
Anil Kumar Sharma says
22/06/2015 at 11:51 PMThe 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
phani bhusan mazumder says
18/06/2015 at 6:35 PMI 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
Anil Kumar Sharma says
19/06/2015 at 1:56 AMI don’t think beneficiary of employees provident fund can apply for Atal Pension Yojana.
Krishnappa. N says
19/06/2015 at 3:43 PMAS 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.
Anil Kumar Sharma says
20/06/2015 at 1:19 PMYou are right on that account. No contribution from Govt.side, if they are connected with other scheme.
Deepika Banker says
13/06/2015 at 3:18 PMmy age is 47 i have tp pay extra premium whatever for balance 13 year please can i join this scheme. reply me on mail please.
Anil Kumar Sharma says
19/06/2015 at 1:54 AMThe age to join Atal Pension Yojana is between 18 to 40 years. For better accurate information on Atal Pension Yojana contact your local bank.
UDAY GHUGARE says
11/05/2015 at 9:50 AMMY AGE 53 . CAN I JOIN
Ak Sharma says
11/05/2015 at 4:25 PMYes, 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.
amar chandra sharma says
04/06/2015 at 1:52 PMR/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
Atal Pension Yojana says
04/06/2015 at 2:56 PMAge to Join Atal Pension Yojana is between 18-40. swavalamban yojana kay leye aggregator ko paisay jamma karanay hogay.