Atal Pension Yojana - Pension Return

Table for Pension Payment Details

The member must contribute the amount mentioned in the table, according to their age and the amount that they wish to receive after they turn 60.

The member should request the concerned bank manager in application after they turn 60 to get the money back as monthly pension.

Benefits & Features of Atal Pension Yojana

1. APY scheme will help the poor people and those working in unorganized sector to invest for their future. This scheme allows them to save a certain amount which otherwise they cannot, because of the nature of their sector.
2. This scheme has pension amounts ranging from Rs.1000 to Rs.5000, allowing people to make flexible contributions.
3. The lower the age of the applicant, the contribution amount is also lower. In a way, this scheme motivates young people in unorganized sector to save.
4. If the contributor is found to be providing false proofs to get benefits from government, all his contributions will be made void and a penalty will also be charged.
5. The contributor will also attract a penalty for delayed monthly payments. This is to ensure that the enroller makes constant payments towards APY.
6. Any Indian resident can apply and enroll in Atal Pension Yojana by just contacting their nearest branch.
7. To facilitate greater enrolment, government has made the application form for Atal Pension Yojana available in all regional languages and also online.
8. The Government will invest 50% of the contribution or Rs.1000 whichever is lower for members who are not tax payers and who are not enrolled in other social security schemes.