Atal Pension Yojana: Benefits, Eligibility, Age Limit, Start Date

In the union budget 2015-2016, Finance minister of India Shri. Arun Jaitely announced three schemes under the universal social security initiatives in order to encourage and provide security to the poor people as follows:

  1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Read details here.
  2. Pradhan Mantri Suraksha Bima Yojana (PMSBY). Read details here.
  3. Atal Pension Yojana (APY)

Features of APY

  • If a person under unorganised sector feels insecure towards the post retirement income, then APY will bring a big relief for them and their family. Few of the unorganised sector in India are forest workers, fisherman, contract and labours of small scale industry and many more.
  • By enrolling in this scheme, subscribers will get monthly pension after he/she reaches the age of 60 years.

Latest update on APY as on 23Feb2016:

  • As per government notification, there won’t be any tax on the amount deposited under APY and can be claimed under the section 80CCD.
  • Over 20 lakh individuals have been enrolled under the scheme so far.
  • Over 328 Crore has been deposited till now.


  • The scheme benefits can be availed only by the citizens of unorganised sector.
  • Bank account in must to get enrolled under APY. If you do not have any bank account then you can open zero balance savings account under Pradhan Mantri Jan Dhan Yojana.
  • Individual will have to join National Pension System (NPS) administered by Pension Fund Regulatory and Development Authority (PFRDA) in order to get benefits under this scheme
  • Subscriber can┬ácontribute every month/quarter/half yearly in order to receive monthly pension after 60 years.
  • Sooner someone joins, lower would be the contribution to be made and vice versa.

Age limit for joining

To join APY, an individual’s minimum age should be 18 years and maximum age should be 40 years. This means that contribution should be done for 20 years when someone joins at the age of 40 years and 42 years when someone joins at the age of 18 years. Check out APY registration form.

Benefits of Atal Pension Yojana:

  • Subscribers of APY will get monthly pension after they reach the age of 60 years. If someone joins at the age of 18 years and contributes Rs.42 till he reaches 60 years, then monthly pension received would be Rs. 1,000.
  • Pension amount will range from Rs.1,000 – Rs. 5,000.
  • Auto-debit facility will also be provided. With this monthly contribution would be automatically debited from the subscriber’s account.
  • In case of death of the pensioner (father), the monthly pension would continue to be paid to the wife. And to the child (if both father and mother die).

Where to make contribution or get enrolled:

  1. All points of presence (service providers) – banks
  2. Aggregators under Swavlamban Scheme

What is government’s contribution: Co-contribution of 50% of the total contribution. Or Rs. 1,000 annually whichever is lower to each subscriber. However, this contribution will be made only for 5 years i.e. till 2019-2020 provided someone joins between 01June 2015 – 31st December 2015.

When will the scheme start: 1st June 2015

Last date of enrollment: 31st December 2015. If someone joins APY after this last date, then government contribution will not be made.

Who cannot join Atal Pension Yojana: Individuals falling under following categories are not eligible to join APY:

  1. If someone is getting benefit under any other social security scheme
  2. If he/she is paying income tax
  • ankit

    very well information written by writer. thanks for explaining the true meaning if this article. Atal Pension Yojana (APY), a benefits conspire for nationals of India is centered around the sloppy segment specialists. Under the APY, ensured least annuity of Rs. 1,000/ – or 2,000/ – or 3,000/ – or 4,000 or 5,000/ – every month will be given at 60 years old years relying upon the commitments by the endorsers. Any Citizen of India can join APY plot. Following are the qualification criteria:

  • Hetal

    1. Are we eligibile – my DOB is 15-11-1974 and my spouse age is 23-3-1975 ?
    2. Are the pensions receivables taxable ?


    My age is 33 years and 2 month in this time. I want to joint the APY. What’s the amount should be paid monthly for this? Please Reply as soon as possible.

  • Anil Ragashetti

    Hi sir/Mdm,

    I’m 27 aged person, if I would like to join APY for RS.5000/- pension @60yrs of age then much monthly contribution to be made by me? If my death happens before age 60yrs, then what all the benefits are available to my nominee? ?? And if my death happens @70yrs age, then what all benefits are avail to nominee? ?? Plz reply

    • Teja Sitta

      if u die before 60, ur nominee will get an amount equal to what u have paid till day with some interest rate. but if u die after 60, u will get monthly pension of your choosed plan after 60 and untill u die. and ur nominee will get a lumpsum of 1.7 lac to 8.5 lac depending on ur plan. i think its a nice plan. I promote it. and I have enrolled for it.


    Hello All,

    First of all I convey my sincere wishes to Shri Modiji for introduction of new scheme for Indian citizen.
    My Question to Modiji is
    Citizens those who crossed above 42 what is the scheme for them especially unmarried/widows/down trodden ladies , since I am unmarried and 51 years old.
    hoping to get a favourable action for all.




  • v k mishra

    Good scheme to low income citizens

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