Atal Pension Yojana (APY)

Who can apply

Indian citizens aged 18 to 40 with a savings bank or post office account, especially workers in the unorganised sector.

• You are an Indian citizen aged between 18 and 40.
• You have a savings bank account or post office savings account.
• You are not, and have never been, an income-tax payer (rule in force since 1 October 2022).

Who is not eligible

• Income-tax payers cannot join from 1 October 2022. People who joined before that date can continue.

₹Benefits

• Guaranteed minimum pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 a month from age 60, depending on the amount you chose and contributed.
• After the subscriber’s death, the same pension goes to the spouse.
• After both have died, the accumulated amount is returned to the nominee.

Documents you will need

• Savings bank account
• Aadhaar and mobile number
• Nominee details

The exact list can vary by state and office. Carry originals and photocopies.

How to apply

1. Visit your bank or post office branch where you have a savings account, or use your bank’s net banking / app if it offers APY.
2. Fill in the APY registration form and choose your pension amount.
3. Contributions are auto-debited from your account monthly, quarterly or half-yearly.

When to apply: You can join any time between 18 and 40 years of age. Joining earlier means lower monthly contributions.

Common mistakes to avoid

• Keeping too little balance in the account, so the auto-debit fails and a penalty applies.

?Frequently asked questions

Official links and sources

• Jan Suraksha portal (Government of India) (www.jansuraksha.gov.in)
• PFRDA (www.pfrda.org.in)

Create a free account to open the official application portal from here. Your account also lets you save schemes and results.

This page is a plain-language summary written by Community AI. The official guidelines on the portals above are the final word. Read how we research and update pages in our editorial policy.