Atal Pension Yojana List, APY Scheme Apply Online, Chart 2020 Pension Status

Atal Pension Yojana form online apply | APY Scheme 2020: It is a pension scheme that is focused to provide benefits to the unorganized sector of India. Atal Pension Yojana is the pension scheme of the Government of Indian launched in the year 2015 by the Prime Minister of India.

Under Atal Pension scheme, a guaranteed minimum monthly pension of Rs.1000/-, Rs.2000/-, Rs.3000/-, Rs.4000/- and Rs.5000/- will be provided to the subscribers on the basis of the contribution made by them. Atal Pension is launched with an aim to provide retirement benefits to the workers in the unorganized sectors. On contributing to this scheme, they can save their retirement. 

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Atal Pension Yojana 2020

अटल पेंशन योजना: मोदी सरकार ने अटल पेंशन योजना को मई 2015 में शुरू किया था। यह पेंशन स्कीम असंगठित क्षेत्रों में काम करने वाले लोगों के लिये लायी गयी थी, इससे पहले असंगठित क्षेत्र में कार्यरत लोगों के लिए इस प्रकार की कोई योजना नहीं थी। अटल पेंशन योजना (APY) के लिए कोई भी भारतीय आदमी आवेदन कर सकता है,अटल पेंशन योजना (APY) में आवेदन करने के लिए आपके पास बैंक खाता और आधार कार्ड होना जरूरी है। अटल पेंशन योजना में निवेश करने वाले व्यक्ति की असमय मृत्यु हो जाने पर पेंशन का लाभ उसकी पत्नी को मिलेगा। Atal Pension Yojana से सम्बंधित सारी जानकारी आपको यहां विस्तृत रूप से बताई गयी है।

एपीवाई खाता खोलने की प्रक्रिया

• बैंक या पोस्ट ऑफिस जाएँ जहां आपका कोई भी बचत बैंक खाता है,अगर कोई बैंक खाता नहीं है तो नया बचत बैंक खाता खोलें।
• अब बैंक या डाकघर बचत बैंक खाता संख्या उपलब्ध होने के बाद बैंक कर्मचारियों की सहायता से एपीवाई पंजीकरण फार्म भरें।
• आधारनम्बर मोबाइल नंबर भी फॉर्म में मांगे जाते हैं । यह अनिवार्य नहीं है लेकिन योजना से तथा आपके निवेश से जुडी सभी सूचनाएं आपको मोबाईल नम्बर पर sms के माध्यम से भेजी जाएँगी।
• अब आपका पंजीकरण अटल पेंशन योजना के लिए कर लिया जायेगा।
• अब यह सुनिश्चित करें की मासिक/तिमाही/छमाही जिस भी प्रकार का आपने योजना का पैकेज लिया है आपके बचत बैंक खाता/डाकघर बचत बैंक खाते में उतने रूपये जरूर हों।

Overview of Atal Yojana

Pension Fund Regulatory and Development Authority (PFRDA) is the government body that administers the APY under the National Pension Scheme Architecture. The investment guidelines for this scheme are prescribed by the Ministry of Finance, Government of India.

AYP is basically a Social Security Scheme that was launched as a replacement to a pre-existing Swavalamban Yojana. APY scheme is open to all the bank accounts.

Atal Pension Yojana Eligibility

In order to become the subscriber of Atal Pension Yojana, one must fulfill the eligibility criteria-

• Subscriber should be an Indian citizen.
• Prospective applicants must have age between 18 years to 40 years.
• He/she should have a saving bank account or have to open bank account.
• Applicants should have a valid mobile no. and all its details should be furnished to the bank at the time of registration.  

Benefits of APY Scheme

• The pension is guaranteed by the Government of India.
• Subscriber of APY gets a guaranteed pension of Rs.1000/- to Rs.5000/- per month.
•  Under this scheme, subscribers can also increase or decrease pension amount once a year, during accumulation phase.
• Scheme is not only beneficial for the subscriber, but also for his/her spouse. In case of death of the subscriber, the spouse will be entitled for the pension. In case of demise of both subscriber and spouse, the nominee will be entitled to get the same pension.  
• The tax benefits under this scheme are same as applicable under NPS (National Payment Scheme).
• APY is also beneficial as government also co-contribute Rs.1000/- per year or 50% of the total contribution whichever is low.    

Who is not eligible for receiving Government’s co-coordination under APY?

Beneficiary of any statutory social security schemes are not eligible to receive the benefit of Government co-contribution under APY. Below, we have shared some of the enactments for which government’s co-coordination is not provided-

• Employees’ Provident Fund & Miscellaneous Provision Act, 1952.
• The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948.
• Seamens’ Provident Fund Act, 1966.
• Assam Tea Plantation Provident Fund and Miscellaneous Provision, 1955.
• Jammu Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961.
• Any other statutory social security scheme.

APY Contribution Chart

Contribution, pension, entry age etc. in detail at different stages.

How to apply for Atal Pension Yojana Online

To enrol for Atal Pension Yojna (APY) account, applicant have to follows an easy procedure. The step-by-step guide is given below-

1. Approach the bank branch where applicant’s savings account is held. In case applicant have not an account he/she can open one.
2. Fill the APY application form.
3. Provide Aadhar card/ mobile number.
4. Complete all the other formalities.
5. Once account is opened, subscriber must ensure that there is minimum required balance in the account for the transfer monthly contribution for this scheme.      

Apart from this, applicants can also fill APY registration form and enroll them by using net banking. Subscriber can open only account under his/her name. At the time of application, it is mandatory for subscribers to furnish the details of the nominee wherever applicable in APY account. They also have to provide their Aadhaar details.  

After successful enrolment, periodic statements will be provided to the subscribers as part of intimation. Subscriber will receive statements of account in the form of SMS alert as well as in physical form.

Withdrawal of APY

APY account can be withdrawn in the following conditions-

• Subscriber attains the age of 60 years

Subscriber can exit from APY on the completion of 60 years. After that pension will be made available to the subscriber with 100% annuitization.  

• Death of subscriber

In case of death of the subscriber, the return of corpus () will be made available to the spouse. And if both subscriber die, the pension amount will be given to the nominee.

• Exit before the age of 60 years

The early exit before the age of 60 years is not permitted. However, it is permitted only in exceptional circumstances such as death of terminal disease or death of the subscriber/ beneficiary.

Atal Pension Yojana Penalty for Default

The saving account under APY will be considered default if sufficient balance will not be maintained for contribution on due date. In such situation, bank will charge extra amount for delayed payments.

The additional amount that will collected from the account holder is shared below-

• One rupee per month for the contribution up to Rs.100/- per month.
• Two rupee per month for contribution between Rs.101 to 500/- per month.
• Five rupee per month for contribution of Rs.501/- to Rs.1000/- per month.
• Rs.10/- per month for contribution more than Rs.1001/- per month.

Atal Pension Scheme Discontinuation of payment  

Subscribers must ensure that their APY account is funded enough for auto debit of contribution amount. Otherwise, subscribers will face following issues if there is a discontinuation of payments of contribution amount-  

• After 6 months, APY account will freeze
• After 12 months, APY account will be deactivated
• After 12 months, APY account will be closed

Swavalamban Yojana and Atal Pension Yojana

Atal Pension Yojana is a replacement of Swavalamban Yojna with additional features. The registered users/ subscriber of Swavalamban Yojna aged between 18 -40 years were migrated to APY scheme. However, it was all upon the subscribers (of age beyond 40 years) whether they want to opt out the Swavalamban Scheme with the withdrawal of lump-sum amount or to continue till the age of 60 years. 

Atal Pension Yojana FAQs

Atal Pension Yojana Toll-Free- 1800-110-069