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Overview
Atal Pension Yojana (APY) is a pension scheme for the unorganized sector.
APY pension scheme is administered by Pension Fund Regulatory and Development Authority (PFRDA).
Pension Scheme
Atal Pension Yojana (APY)
A periodic contribution-based pension scheme for unorganized sector subscribers with assured pension options after retirement.
Features & Benefits
APY is a periodic contribution based pension plan, based on the monthly assured amount of - ₹1,000/-, ₹2,000/-, ₹3,000/-, ₹4,000/- and ₹5,000/-
The premium will be auto debited from the customer's account on every interval (Monthly/Quarterly/ Half-Yearly) based on the customer's option to pay the premium.
A monthly pension amount starting from ₹1,000-, ₹2,000/-, ₹3,000/-, ₹4,000/- and ₹5,000/- can be received by subscribers, every month after their retirement at the age of 60, until the death of the subscriber.
After the death of the account holder, the spouse will be entitled to get the exact same pension amount as the subscriber, until the death of the spouse.
After the demise of both spouse and subscriber, the nominee will be entitled to receive the Corpus amount.
Premium of APY can be paid in 3 options- Monthly, Quarterly and Half yearly.
Eligibility
Any resident individual who is less than 40 years of age and holds a Bank account.
How to enrol in the scheme
Customers can join the scheme using the e-APY link available on the Bank's website without coming to the branch.
APY subscriber forms are available in all Bank Branches. Our Customers can approach the nearest branch / Business Correspondents and join the scheme.
APY contribution chart
Click Here for APY Contibution Chart.
Aadhaar seeding in APY accounts
APY Toll free number
1800 889 1030 where the subscribers can call and provide PRAN and date of birth in DD-MM-YYYY format. Post validation of PRAN and Date of birth combination, call will get connected to the Call Centre Executive.
Need branch-level help?
Our branch team can help with eligibility guidance, account support, enrollment assistance, and service availability for financial inclusion programs.
