(Atal Pension Yojana Chart ) APY Application on Bank, Eligibility and latest APY Premium 2021

Atal Pension Yojana is one of the best social security Schemes in India. You Can check Atal Pension Yojana Chart, PM Atal Pension Yojana Application and APY Chart & Benefits.

What is Atal Pension Yojana

Atal Pension Yojana is a social security scheme launched by the government of India under the National Pension Scheme (NPS), which is a voluntary scheme to save for retirement. The Scheme will help poor people working in the unorganised sector to receive regular income after retirement. The Atal Pension Yojana (APY) scheme was first announced in the 2015-2016 Budget. after the age of 6o years of the beneficiaries, an amount ranging from Rs 1000 to Rs 5000 will be given as pension under this Scheme. This scheme replaced the previous Swavalamban Yojana. To See APYPremium on Atal Pension Chart Read this Article

Objective of Atal Pension Yojana

The main objective of this Scheme is to help poor people working in the unorganised sector to receive regular income after retirement. The main approach of the scheme is to ensure that there are no people in India who should suffer from illness, accidents or diseases in old age, giving a sense of security. All work process was managed by Pension Fund Regulatory and Development Authority (PFRDA). Employees of the Private sector who doesn’t get any retirement pension benefit can also apply for the scheme.

Atal Pension Yojana Details Overview

Name of The Scheme Atal Pension Yojana 2021
Launched ByGovernment of India
Launch DateJune 2015
Pension AmountUp to Rs.5000/-
Premium AmountRs. 42/- to Rs.1318/- per month based on Plan
Age Limit to Apply18 years – 40 years
Age Bar to Received PensionAfter 60 Yr
Contribution PeriodMinimum 20 years
APY Application ProcessOnline/Offline
APY Official Websitenpscra.nsdl.co.in
Atal Pension Yojana Chart

Features & Benefits of Atal Pension Yojana

The main features and Benefits of the APY are as follows:

  • Under Atal Pension Yojana , from Rs 1000 to Rs 5000 will be provided as a pension by the central government only after the completion of 60 years of age.
  • The amount of pension will be varied on the basis of age and investment made by the beneficiaries.
  • The Indian Government guarantees the minimum pension that will be paid to the individual after retirement.
  • Under Section 80CCD, individuals are eligible for to get tax benefit..
  • Private sector employees who are not provided any pension benefits are also allowed to apply for Atal Pension Yojana scheme.
  • At the same time, people who are 40 years old will have to pay a premium of Rs 297 to Rs 1,454. Only after that he can take advantage of APY 2021 .
  • In case of your demise during the scheme, your spouse can either claim the contributions or complete the duration of the scheme.
  • GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme between the period 1st June, 2015 to 31st December, 2015. The benefit of five years of government Co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.
  • Return of the pension wealth to the nominee of the subscriber: After the demise of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber.

Tax benefits under Atal Pension Yojana

Tax exemption is available on contributions made by individuals to Atal Pension Yojana under Section 80CCD of the Income Tax Act, 1961. Under section 80CCD(1), the maximum exemption is 10% of the gross household total income of the person concerned, which is equivalent to an additional exemption of approximately Rs.1,50,000. 50,000 is allowed for contribution to the Atal Pension Yojana scheme under section 80CCD(1B). It is advisable to consult a professional for these exemptions as such tax benefits can be availed on the basis of specific provisions mentioned in the Income Tax Act.

atal pension yojana list

Eligibility Criteria of Atal Pension Yojana

The eligibility of Atal Pension Yojana are mentioned below:

  • Applicant must have a valid bank account number linked to your Aadhaar number.
  • Aadhaar will be the primary KYC. Aadhar and mobile number are recommended to be obtained from subscribers for the ease of operation of the scheme. If not available at the time of registration, Aadhar details may also be submitted later stage.
  • Individuals must be an Indian citizen.
  • Applicant be between the ages of 18 and 40 years.
  • You must have an active mobile number.
  • You must not have an existing APY account.
  • Individuals Should make contributions for a minimum of 20 years
  • You must submit all ‘Know Your Customer’ details.

Those who are availing of the benefits of Swavalamban Yojana will be automatically migrated to Atal Pension Yojana. Beneficiaries of any statutory social security schemes are not eligible to get the benefit  as mentioned in under described act

  • The Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948.
  • The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
  • Assam Tea Garden Provident Fund and Miscellaneous Provisions, 1955.
  • Jammu and Kashmir Employees Provident Fund and Miscellaneous Provisions Act, 1961.
  • Simmons Provident Fund Act, 1966
  • Any other statutory social security scheme.

APY Important Documents

  • Aadhar card of applicant person
  • residential certificate
  • labor card
  • age certificate
  • bank passbook
  • mobile number
  • passport size photo

Migration of existing subscribers of Swavalamban Scheme to APY

  • The existing Swavalamban subscriber, if eligible, may be automatically migrated to APY with an option to opt-out. However, the benefit of five years of government Co-contribution under APY would not exceed 5 years for all subscribers. This would imply that if, as a Swavalamban beneficiary, he has received the benefit of government Co-Contribution of 1 year, then the Government co-contribution under APY would be available only 4 years and so on. Existing Swavalamban beneficiaries opting out from the proposed APY will be given Government co-contribution till 2016- 17, if eligible, and the NPS Swavalamban continued till such people attained the age of exit under that scheme.
  • The existing Swavalamban subscribers between 18-40 years will be automatically migrated to APY. For seamless migration to the new scheme, the associated aggregator will facilitate those subscribers for completing the process of migration. Those subscribers may also approach the nearest authorised bank branch for shifting their Swavalamban account into APY with PRAN details.
  • The Swavalamban subscribers who are beyond the age of 40 and do not wish to continue may opt-out of the Swavalamban scheme by complete withdrawal of the entire amount in a lump sum or may prefer to continue till 60 years to be eligible for annuities thereunder

Atal Pension Yojana Chart

Atal Pension Yojana Chart shows the required monthly to receive a pension of Rs.1,000, Rs.2,000, Rs.3,000, Rs.4,000, or Rs.5,000:

Age of entryYears of contributionFirst Monthly pension of Rs.1000/-Second Monthly pension of Rs.2000/-Third Monthly pension of Rs.3000/-Fourth Monthly pension of Rs.4000/-Fifth Monthly pension of Rs.5000/-

What is the investment plan for the Atal Pension Yojana (APY)?

Type of InvestmentQuantum of Investment
Government Securities45% to 50%
Term deposits of banks and debt securities35% to 45%
Equity and equity-related instruments5% to 15%
Asset-Backed Securities and so onUp to 5%
Money Market InstrumentsUp to 5%

How to download APY premium chart

To Download the APY premium chart follows the steps :

  • First of all you have to go to the official website of NSDL .
  • Now the home page will open in front of you.
  • On the home page, you have to click on the link for APY-Contribution Chart .
  • Save The file
Atal Pension Yojana Chart

Atal Pension Yojana Pension Withdrawal

  • On attaining the age of 60 years: The exit from APY is permitted at the age with 100% annuitisation of pension wealth. On exit, pension would be available to the subscriber.
  • In case of death of the Subscriber due to any cause: 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.
  • Exit Before the age of 60 Years: 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.

How to Apply For Aatal Pension Yojana – APY

To Apply For APY you have to go to your nearest Bank And Collect a form. Note That You must have a bank account to apply for this scheme.

How to Fill Atal Pension Yojana Form

Though the form may differ from bank to bank we will give an idea, how to fill up the form in the following steps:

  • Collect APY Form
Atal Pension yojana Form
  • Enter your bank name and branch name
  • Fill the Bank Details
    • Account No.
    • Bank Name
    • Bank Branch
  • Fill Personal Details
    • Full Name
    • Date of Birth
    • Mobile No
    • Email Id
    • Marraige Status
    • Nominee name
    • Aadhaar no.
  • Give details of Contribution Amount
  • Do Signature
  • Submit That form to bank.

Atal pension yojana form Download

nsdl atal pension yojana Important Form

Form NameLink
APY Subscriber Registration FormClick Here
APY Subscriber Registration Form – Swavalamban Yojana SubscribersClick Here
Subscriber details Modification and Change of APY-SP FormClick Here
Form to upgrade/downgrade pension amount under APYClick Here
APY Death & Spouse Continuation FormClick Here
Voluntary Exit APY Withdrawal FormClick Here
APY Application for Banks to be registered under Atal Pension YojanaClick Here
APY – Service Provider Registration FormClick Here
Subscriber Grievance Registration(G1) Form for APY SubscriberClick Here

Atal Pension Yojana Application on different Bank

How to Apply Canara Bank Atal Pension Yojana

To Apply Atal Pension Yojana on Canara Bank You need to visit the nearest Canara bank and then follow the below steps :

  • Collect atal pension yojana form
  • Check the details you have to fillup
  • Fill bank details
    • Branch name
    • account Number
  • Enter Aaadhaar Number
  • Enter Mobile Number
  • Provide the Personal Details name and other related details- from where you want to auto-debit the monthly contribution.
  • Ready KYC documents and attched with the filled APY Form.
  • Once you complted the above mentioned process , you have to submit that form to the Bank manager
  • After verification and confirmation an massege will come. or you can contact directly to your Canara bank Branch.

How to Join SBI Atal Pension Yojana Online

To open the Atal Pension Yojana account online in SBI follow the listed below steps:

  • First of all you need a SBI Bank Account and it should be Internet Bankink Facilitaed.
  • Open SBI internet banking Homepage
  • Now, select the ‘Social Security Schemes’ in the section of ‘my Accounts’.
  • Select Account Number and CIF Number
  • From the drop-down menu select the Atal Pension Yojana form and then click on ‘Submit’.
  • Provide Personal Details, Bank details and Nominee Details
  • Once the APY form is submitted online, an acknowledgement for the same can be downloaded from the status menu.

For More Details visit to Atal Pension Yojana SBI Online Registration Details

how to open atal pension yojana in icici bank

Atal pension yojana online apply icici process – To enrol for Atal Pension Yojana (APY) in ICICI Bank Follow the Below Steps:

  • Go to your Nearest ICICI Bank Collect APY Form and Fill the form and submit it in the branch
  • Or you can Submit APY for on ICICI Online
  • First ICICI online Home Page
  • Click Personal Banking
  • Click Login
  • Click on Customer Service
  • Click ‘Service Request’
  • Click on “Enroll for Atal Pension Yojana” from “Bank Accounts” section
  • Fill-in all the required details
  • The Atal Pension Yojana Account will be activated within 1 working day
  • Auto Debit will be initiated automatically

How to Enrol Atal Pension Yojana in PNB

You can apply for the Atal Pension Yojana Scheme from any branch of the Punjab National Bank. The step-by-step procedure to do the same is provided below:

  • Collect atal pension yojana Application form on PNB Branch
  • Check the details you have to fillup for APY
  • Fill bank details
    • Branch name
    • account Number
  • Enter Aaadhaar Number
  • Enter Mobile Number
  • Provide the Personal Details name and other related details- from where you want to auto-debit the monthly contribution.
  • Ready KYC documents and attched with the filled APY Form.
  • Once you complted the above mentioned process , you have to submit that form to the Bank manager
  • After verification and confirmation an massege will come. or you can contact directly to your Canara bank Branch.
  • Once confirmed, the monthly premiums will be automatically deducted periodically from your savings account.

Atal Pension Scheme FAQ

What are the new functionalities available to an APY subscriber? Whether these functionalities are available online?

As per the evolving needs, Central Recordkeeping Agency (CRA) appointed by PFRDA has developed and made available the new functionalities categorized in the table below. PFRDA has also enabled digital utilities for these functionalities available online to facilitate subscribers to access their Account without visiting the bank/post branch.

What will happen to APY account in case of continuous default?

The deduction would continue to be made in the subscriber’s APY account for account maintenance charges and other related charges on a periodic basis till it becomes zero.

What will happen if the contribution gets delayed?

Subscriber will be charged overdue interest for the delayed period in case the APY contribution gets delayed beyond the due date.

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