Atal Pension Yojana
The Government announced the introduction of universal
social security schemes in the Insurance and Pension sectors
for all Indians, specially the poor and the under-privileged, in the Budget for
the year 2015-16. Therefore, it has been announced that the
Government
will launch the Atal Pension Yojana (APY), which
will provide a defined pension, depending on the contribution, and
its period.
Subscriber have to deposit till 60 years of age
After 60 years age subscriber will received pension
amount every month according to chosen plan
{(plan Option of monthly
pension)-1000RS-2000RS-3000RS-4000RS-5000RS}
Also get benefit of Lum sum amount
APY manager by
PFRDA (Pension funds regulatory Authority of india)
Eligibility
AND Application
Must be a citizen of india
Must be between the age of 18-40 age (before 18 age
& after 40age not eligible)
Nationalize bank and post office
Adhar card is required
Must have a bank account linked with your aadhar
Valid mobile number
Pension
plan details
Table of contribution levels,
fixed monthly pension of Rs. 1,000/2000/3000/4000/5000 per month to subscribers
and his spouse and return of corpus to nominees of subscribers and the
contribution period under Atal Pension Yojana
Age
of Joining
|
Years of Contribution
|
Indicative
Monthly Contribution
(in
Rs.)
|
Monthly
Pension to the subscribers and his spouse
(in Rs.)
|
Indicative Return of Corpus to the
nominee of the
subscribers (in Rs.)
|
18
|
42
|
42
|
1,000
|
1.7 Lakh
|
20
|
40
|
50
|
1,000
|
1.7 Lakh
|
25
|
35
|
76
|
1,000
|
1.7 Lakh
|
30
|
30
|
116
|
1,000
|
1.7 Lakh
|
35
|
25
|
181
|
1,000
|
1.7 Lakh
|
40
|
20
|
291
|
1,000
|
1.7 Lakh
|
Age of
|
Years of
|
Indicative
|
Monthly Pension to
|
Indicative
Return of
|
Joining
|
Contribution
|
Monthly
|
the subscribers and
|
Corpus to the
|
|
|
Contribution
|
his spouse (in Rs.)
|
nominee of the
|
|
|
(in Rs.)
|
|
subscribers
(in Rs.)
|
18
|
42
|
84
|
2,000
|
3.4 lakh
|
20
|
40
|
100
|
2,000
|
3.4 lakh
|
25
|
35
|
151
|
2,000
|
3.4 lakh
|
30
|
30
|
231
|
2,000
|
3.4 lakh
|
35
|
25
|
362
|
2,000
|
3.4 lakh
|
40
|
20
|
582
|
2,000
|
3.4 lakh
|
Age
of Joining
|
Years of Contribution
|
Indicative
Monthly Contribution (in Rs.)
|
Monthly Pension to the
subscribers
and his spouse (in
Rs.)
|
Indicative
Return of Corpus to the nominee of the subscribers (in Rs.)
|
18
|
42
|
126
|
3,000
|
5.1 Lakh
|
20
|
40
|
150
|
3,000
|
5.1 Lakh
|
25
|
35
|
226
|
3,000
|
5.1 Lakh
|
30
|
30
|
347
|
3,000
|
5.1 Lakh
|
35
|
25
|
543
|
3,000
|
5.1 Lakh
|
40
|
20
|
873
|
3,000
|
5.1 Lakh
|
Age
of Joining
|
Years of Contribution
|
Indicative
Monthly
Contribution (in
|
Monthly Pension
to
the subscribers and his spouse
|
Indicative Return of
Corpus to the nominee of the
|
|
|
Rs.)
|
(in Rs.)
|
subscribers
(in Rs.)
|
18
|
42
|
168
|
4,000
|
6.8
Lakh
|
20
|
40
|
198
|
4,000
|
6.8
Lakh
|
25
|
35
|
301
|
4,000
|
6.8
Lakh
|
30
|
30
|
462
|
4,000
|
6.8
Lakh
|
35
|
25
|
722
|
4,000
|
6.8
Lakh
|
40
|
20
|
1164
|
4,000
|
6.8
Lakh
|
Age
of Joining
|
Years of Contribution
|
Indicative
Monthly Contribution (in
Rs.)
|
Monthly
Pension to the subscribers and his spouse
(in Rs.)
|
Indicative
Return of Corpus to the nominee of
the
subscribers
(in Rs.)
|
18
|
42
|
210
|
5,000
|
8.5 Lakh
|
20
|
40
|
248
|
5,000
|
8.5 Lakh
|
25
|
35
|
376
|
5,000
|
8.5 Lakh
|
30
|
30
|
577
|
5,000
|
8.5 Lakh
|
35
|
25
|
902
|
5,000
|
8.5 Lakh
|
40
|
20
|
1,454
|
5,000
|
8.5 Lakh
|
Penalty
Incase
of default payment
Rs 1per month for contribution up to rs 100/month
Rs 2per month for contribution up to rs 100to
500/month
Rs 5per month for contribution up to rs 501to
1000/month
Default payment for long time
After 6months account will be frozen
After 12months account will be deactivated
After 24months account will be closed
Premature
withdrawl
Not allowed except in case of death or serious
health issue
Received own contribution +interest
In case death after 60 age
|
In case death before 60 age
|
Pension
to spouse
Death
of spouse nominee will received corpus amount
|
Options
to spouse
Exit
the schime and received corpus amount
Continue
the scheme for continue period
|
