Atal Pension Yojana (APY)

ATAL PENSION YOJANA [APY]

 

  • Eligibility: Available to people in the age group of 18 to 40 and having a bank account.
  • Amount of Pension : Monthly pension amount will vary from 1000 - 5000 as per one's contribution.
  • Due date of Contribution : The due date for monthly contribution will be decided as per the initial date of deposit of the amount.
  • Payment Mode: The payment method is direct auto debit from the account
  • Contribution Period: minimum 20 years and maximum 42 years.
  • Nomination Facility: Nomination is manadatory in the account.
  • Operational Authority: It will be administered by PFRDA (Pension Fund Regulatory and Development Authority).PFRDA will originate the account opening form along with the offer document of this scheme.