Atal Pension Yojana (APY)

Atal Pension Yojana (APY) is open to all bank account holders. The Central Government would also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber, for a period of 5 years, i.e., from Financial Year 2015-16 to 2019-20, who join the APY before 31st December, 2015, and who are not members of any statutory social security scheme and who are not income tax payers. Therefore, APY will be focussed on all citizens in the unorganised sector.

2. Under APY, the monthly pension would be available to the subscriber, and after him to his spouse and after their death, the pension corpus, as accumulated at age 60 of the subscriber, would be returned to the nominee of the subscriber.

3. Under the APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY. Therefore, the benefit of minimum pension would be guaranteed by the Government. However, if higher investment returns are received on the contributions of subscribers of APY, higher pension would be paid to the subscribers.

4. A subscriber joining the scheme of Rs. 1,000 monthly pension at the age of 18 years would be required to contribute Rs. 42 per month. However, if he joins at age 40, he has to contribute Rs. 291 per month. Similarly, a subscriber joining the scheme of Rs. 5,000 monthly pension at the age of 18 years would be required to contribute Rs. 210 per month. However, if he joins at age 40, he has to contribute Rs. 1,454 per month. Therefore, it is better to join early in the Scheme. The contribution levels, the age of entry and the pension amounts are available in a table given in frequently asked questions (FAQs) on APY, which is available on www.jansuraksha.gov.in.

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

Contribution and Accumulated Corpus and Pension benefit chart for all ages of subscribers under Atal Pension Yojana Age of Entry	Years of Contribution		Monthly pension of Rs. 1000.		Monthly pension of Rs. 2000.		Monthly pension of Rs. 3000.		Monthly pension of Rs. 4000.		Monthly pension of Rs. 5000.
18	42		42		84		126		168		210
19	41		46		92		138		183		228
20	40		50		100		150		198		248
21	39		54		108		162		215		269
22	38		59		117		177		234		292
23	37		64		127		192		254		318
24	36		70		139		208		277		346
25	35		76		151		226		301		376
26	34		82		164		246		327		409
27	33		90		178		268		356		446
28	32		97		194		292		388		485
29	31		106		212		318		423		529
30	30		116		231		347		462		577
31	29		126		252		379		504		630
32	28		138		276		414		551		689
33	27		151		302		453		602		752
34	26		165		330		495		659		824
35	25		181		362		543		722		902
36	24		198		396		594		792		990
37	23		218		436		654		870		1,087
38	22		240		480		720		957		1,196
39	21		264		528		792		1,054		1,318
40	20		291		582		873		1,164		1,454
Indicative Return of Corpus to the nominee of the subscribers (in Rs.)		1.7 Lakhs		3.4 Lakhs		5.1 Lakhs		6.8 Lakhs		8.5 Lakhs