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Atal Pension Yojana Scheme – Latest Update

Advertiser: Shivani Location: New Delhi, Delhi, India Posted: Apr 13, 2022 4:10:11 AM Hits: 190

Atal Pension Yojana Scheme – Latest Update

Ref: SGC172830
The Atal Pension Yojana ((APY) is a Government of India Scheme launched on 9th May, 2015.
It was launched by the Central Government on 9th May 2015 to address the risks of old age of the people working in unorganized sector and who are not covered under any statutory social security scheme
Benefit of APY:

Fixed pension for the subscribers ranging between Rs. 1000 to Rs. 5000, if he joins and contributes between the age of 18 years and 40 years.
The contribution levels would vary and would be low if subscriber joins early and increase if he joins late.
Eligibility for APY:

Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme.
Related: Atal Pension Yojana Is A Pension Scheme Run By The Government

Age of joining and contribution period:

The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.

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