Atal Pension Yojana: How to join, how much to contribute, pension amount

The Atal Pension Yojana (APY) under the National Pension System (NPS) of the government provides its subscribers a guaranteed retirement pension each month, between Rs.1,000 and Rs.5,000 after 60 years of age. Here is how one can become a subscriber under the APY scheme.


Anyone who wishes to subscribe to the APY must be a citizen of India. The minimum age to register as a subscriber is 18 years and the maximum is 40 years. It is mandatory to have a KYC-compliant savings account with a bank.

How to join?

A person who fulfils the above prerequisites can approach a bank branch or a post office to register for APY. This can be done online as well. The person should apply for a PRAN card, which is a registration under the NPS, and fill up the APY registration form.


A subscriber can contribute to the APY account on a monthly, quarterly or half-yearly basis through auto-debit facility from savings account.

Upgrade or downgrade pension amount

APY subscribers can upgrade or downgrade their pension amount once in a financial year. The subscriber can check the differential amount to be deposited or to be received as per the new guaranteed amount chosen. If the subscriber chooses to upgrade the amount, an additional amount needs to be deposited in the pension account. If the subscriber chooses to downgrade, the excess contribution is refunded to the subscriber.

Points to note

  • Transaction statement of the APY account will be sent to the subscriber once in a year to the registered address provided by the subscriber.
  • The status of contributions is communicated through periodic SMS alerts on registered mobile number of the subscriber.

Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

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