Atal Pension Yojna
(APY)

Features of Atal Pension Yojana

• Under the APY, the subscribers would receive guaranteed minimum monthly pension of ₹1000 or ₹2000 or ₹3000 or ₹4000 or ₹5000 (as chosen by them), at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY. Therefore, the benefit of minimum pension would be guaranteed by the Government. However, if higher investment returns are received on the contributions of subscribers of APY, higher pension would be paid to the subscribers.
• The amount collected under Atal Pension Yojana is invested as per the investment guidelines prescribed by PFRDA /Central Government/State Government from time to time.
• The monthly pension would be available to the subscriber, and after him to his spouse and after their death, the pension corpus, would be returned to the nominee of the subscriber.
• In case of death of subscriber before vesting period, spouse of the subscriber can either continue contribution to APY account of the subscriber for the remaining vesting period (till the original subscriber would have been attained the age of 60 years), or close the account & collect the invested amounts with gains on it.
• Penality for default, Recovery of contribution for delayed payments and Exit from Scheme etc are subject to the guildines laid down by PFRDA /government from time to time. Please refer to guidlines.
  URL: https://www.pfrda.org.in/index1.cshtml?lsid=798