- Details
- Benefits
- Eligibility
- Exclusions
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Finance
Atal Pension Yojana
Details
Focus of APY
APY Subscriber Contribution Chart -
Penalty for default
Discontinuation of payments of contribution amount shall lead to following
Raising Grievance Under APY
Benefits
Upon exit on attaining 60 years
Voluntary exit (Exit before 60 Years of age):
For death before 60 years
Eligibility
Age of joining and contribution period
Exclusions
Tax Payers will not be eligible to Join APY from 1 oct, 2022.
Members of statutory social security scheme are not eligible under this scheme.
Statutory social security scheme
- Employees’ Provident Fund and Miscellaneous Provision Act, 1952.
- The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948.
- Assam Tea Plantation Provident Fund and Miscellaneous Provision, 1955.
- Seamens’ Provident Fund Act, 1966.
- Jammu Kashmir Employees’ Provident Fund and Miscellaneous Provision Act, 1961.
- Any other statutory social security scheme.
Application Process
Process 1
- One can also open an APY account online using one's bank's Net banking facility.
- The applicant can login into his/her internet banking account and search for APY on dashboard.
- Customer has to fill some basic and Nominee details.
- Customer has to give consent of auto debit of premium from the account and submit the form
Process 2
Visit website “https://enps.nsdl.com/eNPS/NationalPensionSystem.html “ and select “Atal Pension Yojana”.
Select “APY Registration”
Fill the basic details in the form. One can complete KYC through 3 options –
- Offline KYC – Where one has to upload XML file of Aadhaar
- Aadhaar – Where KYC is done through OTP verification on Mobile Number register with Aadhaar
- Virtual ID – Where Aadhaar virtual ID is created for KYC
Once the basic details are filled, an acknowledgement number is generated
Citizen then has to fill personal details and decide the pension amount he/she wants after 60 years. The Citizen here also has to decide the frequency of contribution for scheme.
Once Citizen “confirms” for personal details, he/she then has to fill nominee details
After submitting the personal and Nominee details, Citizen is redirected to NSDL website for eSign
Once Aadhaar is OTP verified Citizen gets successfully registered in APY
Documents Required
- Aadhaar Card
- Active Bank/Post office savings Account Details
Frequently Asked Questions
When will I receive my Pension?
Age Of Start Of Pension Would Be 60 Years.
I am a Swavalamban subscriber. Can i still, apply for APY?
All The Registered Swavalamban Subscriber Aged Between 18-40 Yrs Will Be Automatically Migrated To APY
Is it required to furnish nomination while joining the scheme?
Yes. It Is Mandatory To Provide Nominee Details In APY Account.
Is there any provision of default nominee or blood relation?
If The Subscriber Is Unmarried They Can Nominate Any Other Person As Nominee And They Have To Provide Spouse Details After Marriage. If Married, The Spouse Will Be The Default Nominee. The Aadhaar Details Of Spouse And Nominees May Be Provided.
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.
How will I know the status of my contribution?
The Periodical Information To The Subscribers Regarding Activation Of PRAN, Balance In The Account, Contribution Credits Etc. Will Be Intimated To APY Subscribers By Way Of SMS Alerts On The Registered Mobile Number Or Can Be Accessed Through Mobile/APY App Launched By NSDL. The Subscriber Will Also Be Receiving Physical Statement Of Account Once A Financial Year At Their Registered Address.
Whether Aadhaar Number is compulsory for joining the scheme?
Any individual who is eligible to receive such benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication.
Whether an employee of Central/State Government or Public Sector Undertaking and/or a NPS subscriber can subscribe to APY?
YES, any Indian citizen within the age group of 18 - 40 years, can join APY Scheme irrespective of his/her employment status with Govt./Public Sector, for availing benefits guaranteed by Government of India under the scheme. Further, an existing NPS subscriber can also subscribe to APY, if he/she meets the basic eligibility criteria, for availing benefits guaranteed by Government of India; under the scheme.
Can I open APY Account without savings bank account?
No, The Savings Bank Account/ Post Office Savings Bank Account Is Mandatory For Joining APY.
If I have completed 40 years, can I join Atal Pension Yojana?
No, Currently A Person Who Is In Age Group Of 18 Years To 39 Years 364 Days Can Join Atal Pension Yojana.
Sources And References
News and Updates
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You need to login before applying for schemes
Apply Via:
You need to login before applying for schemes
Apply Via:
Check Eligibility
Ministry Of Finance
Atal Pension Yojana
Focus of APY
APY Subscriber Contribution Chart -
Penalty for default
Discontinuation of payments of contribution amount shall lead to following
Raising Grievance Under APY
Share
News and Updates
No new news and updates available