Atal Pension Yojana (APY)
Government-guaranteed pension of ₹1,000–₹5,000 per month from age 60, for unorganised-sector workers who join between ages 18 and 40.
- Level
- Central scheme
- Category
- Pension, Financial Assistance
- Benefit
- Guaranteed pension of ₹1,000–₹5,000 per month from age 60, by chosen contribution slab
Who is eligible?
- Age 18–40
- has savings bank account
- not income tax payer
Any Indian citizen aged 18 to 40 with a savings bank or post-office account can enrol. The one hard exclusion: anyone who is or has been an income-tax payer cannot join — a rule in force since 1 October 2022. The earlier you join, the smaller the monthly contribution needed for the same pension.
What you get
You choose a guaranteed pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 per month, payable from age 60 for life. After the subscriber’s death the spouse continues to receive the same pension, and the accumulated corpus then passes to the nominee. The guarantee is backed by the Government of India.
How to apply
Enrol through the bank or post office where you hold your savings account — most banks accept APY registration through net banking or their mobile app in a few minutes. Contributions auto-debit monthly, quarterly or half-yearly, so the account only needs sufficient balance.
Documents needed
- Aadhaar card
- Savings bank or post office account details
- Mobile number
Source: Jansuraksha portal (jansuraksha.gov.in), Ministry of Finance / PFRDA. Facts pending re-verification against the official source — confirm details there before applying.