The Government has started the Atal Pension Yojana for all the citizens of India. Atal Pension Yojana (APY), is a voluntary pension scheme that aims to provide a guaranteed pension of from Rs 1000 to Rs 5000 per month after reaching the age of 60 years. Applicants who want to join the Atal Pension Scheme have to contribute a nominal charge as per their earnings and after 60 years the government will return the amount in the form of a pension. It will provide a monthly income to the old age people when they are not working or not well. Applicants who are serious about their old age can open the account immediately from its official portal or by visiting the nearest bank branch.
Atal Pension Yojana 2024
The Indian government has started the Atal Pension Yojana which will help the citizens in their bad times or after the age of 60 years. The scheme is tuned by the Pension Fund Regulatory and Development Authority (PFRDA). Citizens who belong to poor families, and under-privileged, daily wages can apply for the scheme.
| Post Name | Atal Pension Yojana 2024 |
| Launched By | Government Of India |
| Mode | Online |
| Pension For | Old Aged Citizens |
| Age Limit | 18 to 40 years |
| Application Fee | No Charge |
| Beneficiaries | All the account holders |
| Official Website | www.npscra.nsdl.co.in |
Under Atal Pension Yojana the government will return the guaranteed pension of Rs. 1,000, Rs 2,000, Rs 3,000 Rs 4,000, or Rs 5,000/- per month after reaching the age of 60 years. The pension amount will depend on the contribution plan selected by the customer. Applicants who have opened an account under APY must be aware of the overdue or plenty charge. One must keep a sufficient balance in their account to avoid any overdue interest for delayed contributions.
Note: Rs 1 per month of delay for every Rs 100 of delayed monthly contribution.
Atal Pension Scheme Apply Online
Atal Pension Yojana (APY) was launched by the Government of India and is a 100% legal and profitable voluntary pension scheme. The main objective of implementing the Pension Scheme is to provide monthly expanses to the citizens who are not able to do any work. Apart from the APY scheme citizens will also get the benefits of other schemes started by the government.
Once the applicants have enrolled in the scheme the monthly/quarterly/half-yearly charges will be debited automatically from the account. Interested applicants can open their account online and offline by visiting the bank in which they have the account or directly by clicking on https://www.npscra.nsdl.co.in.
APY Withdrawal Process
Applicants who deposited the contribution can withdraw the amount in the following situations.
- On attaining the age of 60 years
- In case of death of the subscriber due to any cause after the age of 60 years
- Exit before the age of 60 years due to any emergency.
- Death of the customer before the age of 60 years
Atal Pension Yojana Eligibility
- Applicant must be a citizen of India.
- One must have a savings account in the bank.
- Applicants age must be between 18 to 40 years old.
- One must have to register the name as a nominee for the owner of the amount after the death of a customer.
- Applicants should not be involved in social security schemes.
Benefits Of Atal Pension Yojana 2024
- The government will provide 50% of the total contribution or Rs 1000 per annum.
- All bank account holders may join the APY Scheme.
- Applicants will get a minimum of Rs 1000 and a maximum Rs 5000 per month after the age of 60 years until death.
- In case of any mishap, the return of the pension wealth will be given to the nominee.
- Applicants will get the updates regarding activation of PRAN through SMS.
How To Open Atal Pension Yojana Account
Applicants who are planning to open an account for Atal Pension Yojana can apply by downloading the application form online and submitting it to the bank branch. One can access the mobile app through PRAN and a one-time password. Read the complete registration process from below.
- Visit the nearest bank branch/post office where you have opened the account.
- After that take the AAY application from from the bank.
- Fill out the application form by entering the complete details.
- Attach the photocopy of the required documents.
- Submit the registration form to the bank manager.
- You will be notified of the scheme application form update on your phone.
Atal Pension Yojana Login
- Go to the Atal Pension Yojana official website.
- Now from the home page click on the login option.
- After that enter your username, captcha code, and password.
- Click on the login button.
- You are successfully logged in to the portal.
Documents Required For Atal Pension Yojana
- Aadhar Card
- Bank Account Passbook
- Passport size photo
- Income Certificate
- PAN Card
- Mobile Number
- Cast Certificate, etc.
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