Atal Pension Yojana |APY Account Apply Online |Statements| Forms – Atal Pension Scheme 2017-18

| By Proudful Indian | Filed in: Atal Pension Yojana.

Complete Details of Atal Pension Yojana | How to Apply | Benefits Calculator | Atal Pension Yojana Statement | Answers to Frequently asked questions Related to Atal Pension Yojana (APY) | Application Form/ Death Form/ Claim Form | Check Atal Pension Yojana Statement Online | Apply Online for Atal Pension Yojana Account, APY

As long as our health is good, we all work. We work hard to earn money for good living. Some of us serve government while other work for private companies. Time passes by our Physical state changes. Once the serving period completes, we all have to retire. Government employees are given different types of benefits while the scenario is totally different in case of private companies. An old person, who has just retired from any private company or any other kind of private work, usually face problems due to a shortage of money. Most of such people don’t have any pension plans. So, in simple words, they rely on others during this stage. These others can be family members, relatives or other known people. Unfortunately, if none of these “others” is there to help the situation becomes miserable.

Pradhan Mantri Atal Pension Yojana – APY Scheme Complete Details

Our government is concerned about the Old Age income security of working poor. They understand the situation. That’s why During the Budget 2015-16 a Scheme was launched. The name of this scheme was “Atal Pension Yojana” or “APY”. This Scheme was launched to provide special attention towards all citizens in the unorganized sector.PFRDA i.e. Pension Fund Regulatory and Development Authority administers this scheme

Eligibility Criteria – Who is Eligible to Apply for Atal Pension Scheme

  • All Citizens of India who are aged between 18 to 40 years are eligible to Apply
  • All Bank Account Holders are Eligible to Apply (Having a savings Bank account is mandatory)
  • Aadhaar Card is the most important required document to apply. If aadhaar Card is not available at the time of registration, it can be submitted at the later stages

Atal Pension Yojana (APY) Key Points

  • Under APY (Atal Pension Yojana), it is guaranteed that minimum monthly pension of Rs. 1000 to Rs. 5000 will be given per month to the subscribers
  • The Benefits of this Scheme are Guaranteed by Government of India
  • Indian Government will contribute in this scheme by co-contributing 50% amount of the Subscriber or Rs. 1000 per year, whichever is lower

Note – The contribution of government will be given to only those who are not covered under similar social security schemes and are not taxpayers

Here is the Indicative Monthly Contribution Chart

Age of EntryMonthly Pension of Rs. 1000Monthly Pension of Rs. 2000Monthly Pension of Rs. 3000Monthly Pension of Rs. 4000Monthly Pension of Rs. 5000
184284126168210
2050100150198248
2576151226301376
30116231347462577
35181362543722902
4029158287311641454

Additional Charges for Delayed Payment

Those who will not make timely payments under this scheme will need to pay additional amount. Here are the details :

  • Re. 1 per month for contribution upto Rs. 100 per month
  • Rs. 2 per month for contribution upto Rs. 101 to 1500/- per month
  • Rs. 5 per month for contribution upto Rs. 501 to 1000/- per month
  • Rs. 10 per month for contribution beyond Rs. 1001/- per month

However, if the payment is not being made for longer period of time, following cases might occur –

  • After 6 months of Non Payment, Account will be frozen
  • After 12th Months of Non Payment,  Account will be deactivated
  • After 24th Months of Non Payment, Account will be closed permanently

Atal Pension Yojana Exit Cases Explained

Once the applicant reaches Age of 60 years, the exit is permitted. On Exit, the pension will become available to the applicant

In case the subscriber dies, the pension amount will be given to a spouse. In the event of death of Both (Subscriber + Spouse) Pension corpus will be returned to the Nominee

Applicants need to understand the Exit before Attaining the age of 60 years is not permitted. However, in exceptional circumstances it is permitted

ATAL Pension Yojana Forms

How to Open Atal Pension Yojana Account | APY Account Opening Procedure

  • Visit your Bank Branch
  • There you need to fill in the APY Registration Form
  • Applicant/Subscriber need to Aadhaar card and Mobile Number
  • Subscriber Needs to make sure that required balance is kept in the bank account for automatic debit

How to Apply Online for Atal Pension Yojana Scheme Account?

Now, one can also apply online for this scheme, here are the steps

  • First of All Visit this Page
  • Enter the Required Details
  • Make sure all details are correct and submit the form

Check Atal Pension Yojana Statements/ Transaction History Online

Now, one can easily check the Atal pension Scheme statements that too via online mode. Here are the steps :

  • Visit this Page
  • Make Appropriate Selection
  • Enter the Captcha
  • Hit the Submit Button 

 

Atal Pension Yojana FAQ’s – Answers to Frequently Asked Questions

Beneficiaries of which schemes will not receive Government’s contribution in Atal Pension Yojana?

Members of Following scheme will not get govt’s contribution –

  • Employees’ Provident Fund & Miscellaneous Provision Act, 1952
  • The Coal Mines Provident Fund and Miscellaneous Provision Act,1948
  • Assam Tea PlantationProvident Fund and Miscellaneous Provision, 1955
  • Seamens’ Provident Fund Act, 1966
  • Jammu Kashmir Employees’ Provident Fund & Miscellaneous Provision Act, 1961
  • Any other statutory social security scheme

How Much will Monthly Pension Applicant/Subscriber Get under this scheme?

  • Guaranteed minimum pension of Rs 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month will be given at the age of 60 years . The amount of pension depends on the monthly contribution made

Is it Possible to Open APY Account without Bank Account?

  • No, that’s not possible. Savings bank account is mandatory

What is the Due Date of Atal pension Yojana Amount Debit?

  • It depends on the initial date of deposit of your contribution

How Much Money Applicant needs to Pay per Month to Get Guaranteed pension of Rs. 1000 per month

Kindly take a look at the table :

Age of JoiningYears of ContributionIndicative Monthly contribution
184242
204050
253576
3030116
3525181
4020291

 

Is nomination is mandatory?

  • Yes Nomination is required

How Many can Atal Pension Yojana Accounts an individual open?

  • Only one account per applicant is allowed

Is it possible to increase or decrease the Atal pension Scheme monthly contribution Amount

  • Yes, it’s possible?

How to Check Status of Atal Pension Yojana Contribution?

  • The status will be provided via SMS alerts

How to See APY Transaction Statement?

  • Periodic Statement will be provided to the Subscribers of this scheme 

 

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38 comments on “Atal Pension Yojana |APY Account Apply Online |Statements| Forms – Atal Pension Scheme 2017-18

  1. g.mahendran says:

    Sir, my dob is 18/05/1988, how much I pay monthly pension scheme my age is now 28 running, the amount is 376 or 577.

  2. Avinash says:

    Hi,

    Modi is the greatest prime minister of all time. He is launching very good schemes for the nation. he is a nation builder.
    This atal pension scheme is a tribute to Atal ji.

  3. Md Raja says:

    My name is Md Raja. My dob is 13-Mar-1990 or 25 years. how much I will be pay for pension. Please contact to me on 8013181509

  4. animesh debnath says:

    Sir , my date of birth is 01/05/1985 , please mention my premium…..577 or 902

  5. vinod says:

    Sir ,
    My date of birth is 10-2-1975 and my age is 40 yrs.i would like to know whether im eligible for pension yojna.

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