Atal Pension Yojana (APY)

  • Atal Pension Yojana (APY) is a pension scheme for the unorganized sector.
  • APY pension scheme is administered by Pension Fund Regulatory and Development Authority (PFRDA).
Features & Benefits
  • APY is a periodic contribution based pension plan, based on the monthly assured amount of - ₹1,000/-, ₹2,000/-, ₹3,000/-, ₹4,000/- and ₹5,000/-
  • The premium will be auto debited from the customer's account on every interval (Monthly/Quarterly/ Half-Yearly) based on the customer's option to pay the premium.
  • A monthly pension amount starting from ₹1,000-, ₹2,000/-, ₹3,000/-, ₹4,000/- and ₹5,000/- can be received by subscribers, every month after their retirement at the age of 60, until the death of the subscriber.
  • After the death of the account holder, the spouse will be entitled to get the exact same pension amount as the subscriber, until the death of the spouse.
  • After the demise of both spouse and subscriber, the nominee will be entitled to receive the Corpus amount.
  • Premium of APY can be paid in 3 options- Monthly, Quarterly and Half yearly.
  • Any resident individual who is less than 40 years of age and holds a Bank account.
How to enrol in the scheme
  • Customers can join the scheme using the e-APY link available on the Bank's website without coming to the branch.
  • APY subscriber forms are available in all Bank Branches. Our Customers can approach the nearest branch / Business Correspondents and join the scheme.
APY contribution chart
Aadhaar seeding in APY accounts
APY Toll free number
  • 1800 889 1030 where the subscribers can call and provide PRAN and date of birth in DD-MM-YYYY format. Post validation of PRAN and Date of birth combination, call will get connected to the Call Centre Executive.