The online application for the Atal Pension Yojana (APY) 2024-25 initiated by the central government is available on enps.nsdl.com. Under this scheme, members will receive a minimum monthly pension of Rs. 1,000 to a maximum of Rs. 5,000 after retirement. Applicants can also obtain information about APY contribution chart, pension calculator, and e-PRAN statement. Offline applications for the Atal Pension Yojana (APY) are also being accepted at banks.
Online Application Process for Atal Pension Scheme:
Under the Atal Pension Yojana introduced for the unorganized sector, members will be provided with a minimum monthly pension ranging from Rs. 1,000 to Rs. 5,000 upon retirement. Members can view contribution charts and use calculators to review their pension amount. Interested applicants can apply online at enps.nsdl.com.
The government will contribute 50% of the member’s contribution or Rs. 1,000 (whichever is lower) during the first 5 years. This is applicable only for non-income taxpayers and those not covered under legal social security schemes. All bank account holders are eligible for this scheme and can obtain the guarantee of a minimum pension from the Indian government.”
Headlights of Atal Pension Scheme:
| Scheme Name | Atal Pension Yojana 2024 |
| Initiated by | Central Government |
| Date Started | April 9, 2015 |
| Beneficiaries | Individuals in the unorganized sector |
| Age Limit | 18 to 40 Years |
| Scheme Status | Currently Active |
| Department | Pension Fund Regulatory & Development Authority (DEPARTMENT OF FINANCIAL SERVICES) |
| Official Website | Pfrda.Org.In |
Atal Pension Scheme Chart 2024
People can refer to the contribution chart to determine the minimum guaranteed monthly pension amount based on their age. All applicants can view the APY contribution chart/calculator from the link provided below:
Download Chart
Anyone between the ages of 18 and 40 can enroll in the APY scheme and secure their future by applying online.
Eligibility for APY:
- Applicant must be an Indian citizen.
- Age should be between 18 to 40 years.
- It is mandatory to contribute for a minimum of 20 years.
- Must have a savings bank account with auto-debit facility.
- Aadhaar and mobile number are mandatory KYC documents, along with address proof.
- If joining at the age of 40, contribution must be made for 20 years.
- Applicant should not be an income tax payer.
- Designed for the unorganized sector/self-employed individuals.
- The government will link it with the PM Jan Dhan Yojana for automatic deduction from bank accounts.
- Members can choose a minimum monthly pension between ₹1,000 to ₹5,000 and ensure regular contributions. An option to increase/decrease the annual (in April) pension amount is also available.
Documents Required for Atal Pension Yojana:
When applying for the Atal Pension Yojana (APY), the following documents are required:
- Application form
- Declaration letter
- Consent for auto-debit facility
- Identity proof (ID proof)
- Aadhaar card
Online Application Process for Atal Pension Yojana:
Individuals interested in contributing to the government’s pension scheme for 2024 and receiving a monthly pension can apply online. The complete process is as follows:
- Visit the website enps.nsdl.com.
- Click on the “NATIONAL PENSION SYSTEM” button on the homepage.
- Click on the “REGISTRATION” button.
- Enter the Aadhaar number on the new registration page, upload the offline e-KYC file, and click on “Continue.”
- Fill in personal details, family details, and receipt number.
- Enter bank details and account number.
- Fill in pension amount, contribution frequency, and nominee details.
- Upload necessary documents and make payment.
- If registration is successful, the bank will deduct the first contribution, and a Permanent Retirement Account Number (PRAN) will be generated. Finally, the applicant can sign and verify the online form.
| Note: You can download the paperless Aadhaar e-KYC XML file from https://resident.uidai.gov.in/offline-kyc. If you are unable to follow this process, you can also choose your Permanent Account Number (PAN) under the “Register With” option. |
Registration for Atal Pension Yojana in Banks
If someone does not have access to the internet or sufficient knowledge about the internet and cannot apply for this scheme online, they can apply offline at their nearest bank:
- All nationalized banks provide the facility of this pension scheme. You can visit your bank and get yourself registered for APY.
- You will receive a registration form from the bank. If the form is not available at the bank, you can download the APY registration form from the “Form Download” section below.
- Fill out the form properly, provide a valid mobile number, and submit the form along with photocopies of the required documents to the bank.
APY Registration Forms Download 2024
APY Subscriber Registration Form- Download
APY – Subscriber Registration Form – Hindi – Download
APY Subscriber Registration Form – Swavalamban Yojana Subscribers – Download
Aadhaar Seeding Consent Form for Existing Subscribers – Download
APY Subscriber Modification Form – Download
APY Service Provider Registration Form – Download
Latest Updates on APY Scheme
According to the latest updates in this scheme, APY subscribers can now change their contribution amount at any time within a year. Before July 1, 2020, subscribers were only allowed to change the contribution amount in the month of April.
From July 1, 2020, banks have restarted the automatic deduction of contributions from APY customers’ accounts. This automatic deduction facility was discontinued during the lockdown but has now been restarted.
Frequently Asked Questions about Atal Pension Yojana
What is the process of opening an APY account?
You can visit the bank branch/post office where you have your savings account. At the bank, you can fill out the pension scheme application form or you can also register online at enps.nsdl.com.
Can I open an APY account without a savings bank account?
No, having a savings bank account/post office savings bank account is mandatory to participate in this scheme.
Is it necessary to provide nomination while opening an APY account?
Yes, providing details of a nominated individual is mandatory for an APY account.
What is the age limit for applying to the APY scheme?
Currently, individuals aged between 18-39 years can participate in this scheme.
Are NRIs eligible to open an APY account?
Yes, NRIs aged between 18-40 years can open an APY account.
What is the contribution frequency and mode in APY accounts?
Contributions can be made from savings bank/post office savings bank accounts at monthly/quarterly/half-yearly intervals via auto-debit facility.
What happens if there is a delay in APY contributions?
If there is a delay in contributions after the specified period, the member will have to pay a penalty in the form of compound interest for the delayed period.