Atal Pension Yojana (APY)

February 26, 2019
Retirement plan

Atal Pension Yojana (APY)

Atal Pension Yojana is a government-initiated pension scheme mainly targeted at unorganized sectors like delivery boys, gardeners, home maids, etc. APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Eligibility for APY

The Atal Pension Yojana can be availed by all the citizens of India.

The person must have a savings account with a bank.

The minimum age of joining APY is 18 years and maximum age is 40 years.

The age of exit and start pension would be 60 years.

The minimum period of contribution would be 20 years.

Pension starts from the age of 60 years.


Under the APY, the subscribers would receive a fixed monthly pension ranging between Rs.1000 to Rs. 5000, if he joins and contributes between the age of 18 years and 40 years.

 The fixed minimum monthly pension is guaranteed by the Government Of India.

The Central Government will also co-contribute 50% of the total contribution or Rs.1000 per annum, whichever is lower for a period of 5 years, ie., from Financial Year 2015-16 to 2019-20.  This co-contribution is available for the subscribers who are not covered under any statutory social schemes and are not income taxpayers.


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

Pension amount opted is payable to Spouse upon the death of Subscriber.

After the Spouse death, the pension corpus would be returned to the nominee of the subscriber.

 Exit before 60 years of age is not permitted. But it is permitted only in exceptional cases like in the event of death or terminal disease.

Indicative Monthly Contribution Chart

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