Atal Pension Yojana
Enrol in the Atal Pension Yojana (APY) through your existing savings bank account's net banking or mobile app to secure a guaranteed monthly pension of Rs 1,000-5,000 after age 60.
Required Documents
Step-by-Step Process
Log in to Net Banking or Visit Your Bank
Access the APY enrolment option under 'Social Security Schemes' in your bank's net banking, mobile app, or visit your home branch.
Choose Your Pension Amount
Select your desired monthly pension (Rs 1,000, 2,000, 3,000, 4,000, or 5,000); the contribution amount is calculated based on your current age.
Provide Nominee Details
Enter your spouse's and/or nominee's details, who will receive the pension or corpus in case of your demise.
Set Up Auto-Debit
Authorize auto-debit from your savings account for the monthly (or quarterly/half-yearly) contribution amount.
Receive PRAN Confirmation
You'll receive an APY Permanent Retirement Account Number (PRAN) card confirming your enrolment.
Pro Tips & Warnings
- APY is best suited for those aged 18-40 without access to any other formal pension scheme, especially unorganised sector workers.
- The earlier you join, the lower your monthly contribution for the same guaranteed pension amount - joining at 18 costs far less than joining at 39.
- Ensure your bank account always has sufficient balance on the auto-debit date; repeated non-payment can lead to account deactivation and penalty.