Atal Pension Yojana (APY)

10 months ago Sarkari user 1

Overview: The Government of India has launched on 9 May 2015, a new scheme called Atal Pension Yojana (APY), government-backed pension scheme in India targeted at the unorganised sector.. APY is a guaranteed pension yojana and is administered by the Pension Fund Regulatory and Development Authority (PFRDA) and to increase in the number of people covered under any kind of pension scheme.

Note: ICICI Bank is registered with PFRDA to provide APY related services.

Features:

  • Under APY, Guaranteed monthly pension for subscribers, ranging from Rs. 1,000 to Rs. 5,000 per month.

Eligibility: The Atal Pension Yojana (APY)  is available for Indians between the age of 18-40. This gives an individual to contribute for at least 20 years before cut the benefits of the scheme. Any bank account holder who is not a member of any statutory social security scheme can avail of the scheme.
All existing members of ‘Swavalamban Yojana NPS Lite’ will automatically be included in Atal Pension Yojana. It will now replace the Swavalamban scheme, which did not gain much popularity across the country and make good impression. So, its a new start with new name to attract and create opportunity for people.

 A person needs to open a bank account first by submitting the KYC document and Aadhar card.

Application form:http://www.jansuraksha.gov.in/FORMS-APY.aspx

 

How to subscribe Atal Pension Yojana (APY) :

  • Login to ICICIBank.com
  • Click on Customer Service
  • Click ‘Service Request’
  • Click on “Enroll for Atal Pension Yojana” from “Bank Accounts” section
  • Fill-in all the required details
  • The Atal Pension Yojana Account will be activated within 1 working day
  • Auto Debit will be initiated automatically

Official Website: http://www.jansuraksha.gov.in/

Status: Finance Ministry of India, as many as 30 lakh subscribers have currently registered under APY as on June 30, 2016 and nearly 5,000 new subscribers are added every day.

If you require any further information, let me know in the comment box.