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Atal Pension Yojana (APY): A Lifeline for Retirement Planning

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Today we are knowing about Atal Pension Yojana which is suitable for un organised employees. In this article I’ll explain everything about this scheme.

By the end of reading this article you will know about what is Atal Pension Yojana, who are eligible to apply for this scheme. And you will know how much contribution we have to do and when you become 60 years age how much you are getting in return.

Hello everyone. Welcome to our blog Friends here its a trend now that people are planning for their comfortable retirement plan. May be they choose higher pension scheme, EPF, national pension scheme or one life one pension scheme. However the point is these all schemes comes for oraganised sector people. But Atal pension yojana is only for unorganised employees.

Come lets get into the topic:

What is Atal Pension Yojana

The Government of India introduced a pension scheme which is called as Atal Pension Yojana from 1st June 2015. This scheme introduced for both organised and unorganised sector employees.

The unorganised employees like whose income tax will not deduct. For an example, small businesses like small vegetable shop, cab drivers, daily wage employees etc.

For unorganised employees if they’re thinking to get comfortable retirement plan when they come in to 60 yrs of age they can choose and avail benefits of this scheme.

Eligibility to join in Atal Pension Yojana

Below are the points to check. In the age of eligibility the subscriber who is not covered under any social security scheme, who is not paying tax are entitled to receive atal pension yojana.

  • The main eligibility to avail this scheme the applicant should be between 18 to 40 years old.
  • The applicant should be an Indian citizen
  • Applicant must have a savings bank account

Features of Atal Pension Yojana

APY is a voluntery periodic contribution based pension system. This means you contribute of sum per month on your wish. On a caliculation system basis you have to contribute.

Central Government guaranteed pension amount

This scheme has multiple slabs in return from 60years to until death like Rs. 1000, Rs. 2000, Rs. 3000, Rs. 4000 and Rs. 5000 per month. This returns decided on your monthly contribution.

Guaranteed pension amount to the spouse

After the applicant’s demise the same pension amount will get the subscriber’s spouse until death of the spouse.

Return of the contribution wealth to the nominee of the subscriber

If the subscriber and his spouse demise before the age 60 years then the contributer amount with interest will be paid to the nominee.

Contribution Payments

By joining in this scheme your amount will be debited automatically from applicant’s bank account. The deduction of amount can chosen by the applicant. If he is comfortable to pay monthly-vise he can choose that method. Here there are 3 options like monthly, quaterly, annually. Contribution amount will be done till the age of 60 years.

Enrollment Process

The persons who are with in the age of 18-40 years can enroll themselves under atal pension yojana scheme by submitting at enrollment agency.

All banks including nationalised banks, private banks, banking companies, co-operative banks. By approaching directly any one can join in this scheme.

Charges, Fee, Overdues information

If the subscriber fail to make payment on time the charges will be like below.

  • Rs. 1 if subscriber’s contribution 100/- per month
  • Rs. 2 if subscriber’s contribution 101/- to 500/- per month
  • Rs. 5 if subscriber’s contribution 501/- to 1000/- per month
  • Rs. 10 if subscriber’s contribution above 1000/- per month

Important information

If the subsriber fail to pay 6 months then the account will freeze. after 12month account deactivation. And if do not continue and if they fail to contribute after 24 months the account closed.

On the completion of 60 years the subsriber will get minimum monthly pension.

Return Calculation of Atal Pension Yojana

Here is the table you can see. The subscriber will get in return as per his contribution made in this scheme.

atal pension yojana calculator for comfortable retirement tomorrow
Image from :

Click here to download broachure of APY scheme.


Atal Pension Yojana is a great way for the subsribers to ensure they have enough money to live comfortably when they retire. It’s simple to join, and the government provides extra help for our savings. With this plan, we can feel sure that our older years will be good. So, think about joining for the Atal Pension Yojana and secure your future. It’s a wise choice for a better tomorrow.

You may also like to read other Government Schemes.

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