Atal Pension Yojana

Atal Pension Yojana is a scheme which is eligible for all the Indians who are under 60 years this scheme is open for all the Indians and this is run by the government. This is administrated by the pension fund regularity and development authority(PFRDA) under the national pension system (NPS). You can opt for a monthly pension of amount 5000/- starting from 1000,2000,3000,4000,5000 the amount you opt depends upon your age.

PENSION=NO TENSION

Eligibility Of Atal Pension Yojana:

  1. All the Indian citizens after the age of 60 years are eligible for this scheme.
  2. The person should have a valid bank account
  3. The eligible person should have a valid mobile number
  4. The person should not be a new scheme holder of the scheme

Features Of Atal Pension Yojana Scheme:

The main features of APY are as described below

  1. Under section 80CCD, the applicant is eligible for the tax benefits
  2. The government of India provides a maximum amount of 1000/- per individual
  3. Any bank holder after 60 years is eligible for the pension
  4. If the main applicant passes away during the scheme the spouse have a chance of getting the pension

APY Scheme Details:

  1. All the Indian citizens over 60 years are eligible to opt pension
  2. Bank account details need to be submitted for this scheme
  3. This scheme is secured under the section 80CCD

Application form for Atal Pension Yojana: the application form is available in the following link as given below

Download the atal pension yojana application form from PFRDA website

PROCEDURE TO FILL FORM:

In the above form, there are three sections as

  1. Bank details: need to provide the details about the bank as account number and name of the holder
  2. Personal details: it consists of the date of birth, email id, nominee name, marital status
  3. Pension details: this consists of the details about how much you need to opt as 1000,2000,3000,4000,5000

Required Documents for Atal Pension Yojana:

  1. A valid bank account
  2. A valid phone number
  3. An Aadhar card
  4. Birth certificate for the proof of age
  5. Income tax certificate as the proof for income

MONTHLY CONTRIBUTION CHART OF APY

If you invest monthly the following chart shows you how much you can save from your entry to the scheme until the retirement.

Entry Age (years) Total Years of Contribution Monthly Contribution Amount Required
Monthly Pension of Rs. 1000 Monthly Pension of Rs. 2000 Monthly Pension of Rs. 3000 Monthly Pension of Rs. 4000 Monthly Pension of Rs. 5000
18 42 42 84 126 168 210
19 41 46 92 138 183 228
29 40 50 100 150 198 248
21 39 54 108 162 215 269
22 38 59 117 177 234 292
23 37 64 127 192 254 318
24 36 70 139 208 277 346
25 35 76 151 226 301 376
26 34 82 164 246 327 409
27 33 90 178 268 356 446
28 32 97 194 292 388 485
29 31 106 212 318 423 529
30 30 116 231 347 462 577
31 29 126 252 379 504 630
32 28 138 276 414 551 689
33 27 151 302 453 602 752
34 26 165 330 495 659 824
35 26 181 362 543 722 902
36 24 198 396 594 792 990
37 23 218 436 654 870 1087
38 22 240 480 720 957 1196
39 21 264 528 792 1054 1318
40 20 291 582 873 1164 1454

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