Atal Pension Yojna (APY)

GOI social security scheme for unorganized sectors workers w.e.f. 01/6/2015

Administrated by

- PFRDA (Pension Fund Regulatory and Development Authority)

- NSPL (National Security Depository Ltd) - Act as CRA(Central Record keeping Agency)

- Institutional framework of NPS utilized for enrolling the subscribers.

Banks - Nodal Agencies

Non Bank i.e NBFC, MFIs- Business facilitators to bank.

Eligibility Criteria & Important Points Regarding APY

1) All the citizens of the country in the unorganized sector.

2) Age 18-40 years

3) Date of the birth proof mandatory

4) Valid mobile number mandatory

5) Open to all bank a/c holders who are not member of any statutory social security scheme.

6) Even they can join but will not get GOI contribution

7) Payment frequency-monthly/quality/half yearly

8) Minimum Contribution - 20 Years

9) Pension Start at - 60th Year

10) Payment Discontinuation - 

After 6 Months - Account will be frozen

        After 12 Months - Account Will be deactivated

        After 24 Months - Account will be closed

11) GOI contribution - 1000/- Rs or 50% of subscribers contribution for 5 years

12) Pension Range - 1000- 5000