Atal Pension Yojana (APY) means focusing on the poor and
working sections in the country to get pensions in the old age through National
Pension System (NPS).The scheme focus on the people who are working in the
unorganized sector after retirement of working they get pension as per APY
scheme.
Atal Pension Yojana APY Eligibility
The scheme for all people in India who are the age of above
18 years age and having bank account. The contribution for scheme 50% by the
central government to the subscriber bank account.
Atal Pension Yojana APY Age Limit
The subscriber having minimum age 18 years and maximum age
is 40 years of age. To get pension at the age of 60 years and stop paying the premium
amount at the age of 60 years.
Apply Atal Pension Yojana APY
Service Providers and Aggregators under Swavalamban Scheme
would enrol subscribers through National Pension System. The banks, POP or
aggregators, may employ BCs/Existing non- banking aggregators, micro insurance
agents, and mutual fund agents as enablers for operational activities. The
banks may share the incentives received by them from PFRDA/Government, as
deemed appropriate.
Atal Pension Yojana APY Penalty For Late Payment
Rs 1 per month for contribution up to Rs. 100 per month.
Rs 2 per month for
contribution up to Rs. 101 to 500/- per month.
Rs 5 per month for contribution between Rs 501/- to 1000/-
per month.
Rs 10 per month for contribution beyond Rs 1001/- per month.
Atal Pension Yojana APY Benefits
The subscriber will get Rs 1000/- to Rs 5000/- per month
after existing of 60 Years as per payment payable according to chart. The
subscriber will die the amount will goes to spouse, the spouse also dies the
amount will b credited to nominee account.
Atal Pension Yojana APY Chart Calculator
| Age of Joining | Monthly Contribution (in Rs) | Years of Contribution | Monthly Pension (in Rs) | Amount to Nominee(in Rs) |
|---|---|---|---|---|
| 18 | 42 | 42 | 1,000 | 1,70,000 |
| 20 | 50 | 40 | 1,000 | 1,70,000 |
| 25 | 76 | 35 | 1,000 | 1,70,000 |
| 30 | 116 | 30 | 1,000 | 1,70,000 |
| 35 | 181 | 25 | 1,000 | 1,70,000 |
| 40 | 291 | 20 | 1,000 | 1,70,000 |
| 18 | 84 | 42 | 2,000 | 3,40,000 |
| 20 | 100 | 40 | 2,000 | 3,40,000 |
| 25 | 151 | 35 | 2,000 | 3,40,000 |
| 30 | 231 | 30 | 2,000 | 3,40,000 |
| 35 | 361 | 25 | 2,000 | 3,40,000 |
| 40 | 582 | 20 | 2,000 | 3,40,000 |
| 18 | 126 | 42 | 3,000 | 5,10,000 |
| 20 | 150 | 40 | 3,000 | 5,10,000 |
| 25 | 226 | 35 | 3,000 | 5,10,000 |
| 30 | 347 | 30 | 3,000 | 5,10,000 |
| 35 | 543 | 25 | 3,000 | 5,10,000 |
| 40 | 873 | 20 | 3,000 | 5,10,000 |
| 18 | 168 | 42 | 4,000 | 6,80,000 |
| 20 | 198 | 40 | 4,000 | 6,80,000 |
| 25 | 301 | 35 | 4,000 | 6,80,000 |
| 30 | 462 | 30 | 4,000 | 6,80,000 |
| 35 | 722 | 25 | 4,000 | 6,80,000 |
| 40 | 1164 | 20 | 4,000 | 6,80,000 |
| 18 | 210 | 42 | 5,000 | 8,50,000 |
| 20 | 248 | 40 | 5,000 | 8,50,000 |
| 25 | 376 | 35 | 5,000 | 8,50,000 |
| 30 | 577 | 30 | 5,000 | 8,50,000 |
| 35 | 902 | 25 | 5,000 | 8,50,000 |
| 40 | 1454 | 20 | 5,000 | 8,50,000 |
