Atal Pension Yojana (APY)
Central Scheme (All India)
Finance
Application Mode: MIXED
Active
Quick AI Summary
Pension scheme focusing on unorganized sector workers offering guaranteed minimum pension of Rs. 1,000 to Rs. 5,000 per month.
Detailed Summary
APY is administered by PFRDA and provides a co-contribution model for pension building based on monthly premium contributions till age 60.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Guaranteed pension of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000, or Rs. 5,000 per month after age 60. - Spouse receives identical pension upon subscriber\'s death; return of corpus to nominee. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| age min | >= 18 |
| age max | <= 40 |
| state id | = 3 |
Application Process Guide
- Visit your bank branch where you have a savings account, fill the APY registration form, and set up auto-debit.