Atal Pension Yojana

Who can apply for APY

• Indian citizens aged 18 to 40 years.
• You need a savings account in a bank or post office.
• Since 1 October 2022, anyone who is or has been an income-tax payer cannot open a new APY account.
• Only one APY account per person.

APY benefits

• Guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 from age 60 until death, depending on the amount chosen.
• After the subscriber dies, the spouse gets the same pension for life.
• After both die, the nominee gets the pension wealth built up until the subscriber turned 60.
• If the subscriber dies before 60, the spouse can keep contributing until the subscriber would have turned 60, or take the accumulated amount.
• The central government makes up any shortfall if investment returns cannot pay the guaranteed pension.

How to apply for APY

1. 1Visit the bank branch or post office where you hold a savings account.
2. 2Fill in the APY registration form, with nominee and spouse details.
3. 3Choose your pension amount and how often to pay (monthly, quarterly or half-yearly). Contributions are auto-debited until age 60.
4. 4Or register online through eAPY on the e-NPS portal, using Aadhaar linked to your mobile number.

Documents needed for APY

• Savings bank or post office account details
• Aadhaar number (desirable at enrolment; must be given later if not provided)
• Mobile number
• Nominee and spouse details

Where it applies

Every state and union territory. See what else applies near you