Atal Pension Yojana (APY)

Atal Pension Yojana (APY) was launched in June 2015, is a guaranteed pension scheme of government of India focused mainly on unorganized sector workers. The scheme is a replacement of Swavalamban scheme, launched earlier in 2010-11.
Atal Pension Yojana


Any Indian Citizen is eligible to enroll under the scheme who:

  • Have a valid bank account
  • Are aged between 18 years and 40 years

The Central Government would also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from Financial Year 2015-16 to 2019-20, who join the NPS between the period 1st June, 2015 and 31st December, 2015 and who are not members of any statutory social security scheme and who are not income tax payers

Who administers the Atal Pension Yojana?

The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through NPS architecture

Pension amount

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 period of the contribution by subscriber under APY is 20 years.

Exit from scheme

  • Upon completion of 60 years, the subscribers will submit the request to the associated bank for drawing the guaranteed monthly pension.
  • 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
  • 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.


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