Bank Promotion Exams

Sign In


E-mail Id



  Register   Forgot Password?  

Atal Pension Yojana

  • The scheme focuses on the unorganised sector and provides subscribers a fixed minimum pension of Rs.1,000, Rs.2,000, Rs.3,000, Rs.4,000 or Rs.5,000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at an age between 18 and 40 years.

  • Thus, the period of contribution by any subscriber under APY would be 20 years or more.

  • The benefit of fixed minimum pension enjoys sovereign guarantee.

  • While the scheme is open to bank account holders in the prescribed age group, the central government would also co-contribute 50 percent of the total contribution or Rs. 1,000 per annum, whichever is lower, for five years.

  • The government contribution will be for those joining the scheme before Dec 31, 2015, are not members of any statutory social security scheme and are not income tax payers.