Details
The Government of India has announced a new scheme called Atal Pension Yojana (APY). APY is a guaranteed pension scheme and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).
APY Features
- Guaranteed monthly pension for subscribers, ranging from Rs. 1,000 to Rs. 5,000 per month.
- Government of India (GoI) will also co-contribute 50% of the subscriber’s contribution or Rs. 1,000 per annum, whichever is lower. The Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not an Income Tax payer
- GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme in the period June 1 to December 31, 2015. The benefit of five years of Government co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.
Atal Pension Yojana Benefits
An APY Account with HDFC Bank offers the following benefits:
- Tax Benefit: Tax benefit under Sec. 80 CCD for the contributions made.
- Guaranteed Pension:Guaranteed minimum pension of Rs.1,000/- to Rs.5,000/- per month. If the actual returns on the pension contributions are higher then the pension will also be higher.
- Atal Pension Yojana BenefitsAn APY Account with HDFC Bank offers the following benefits:· Tax Benefit : Tax benefit under Sec. 80 CCD for the contributions made.· Guaranteed Pension : Guaranteed minimum pension of Rs.1,000/- to Rs.5,000/- per month. If the actual returns on the pension contributions are higher then the pension will also be higher.· Pension to the Spouse : In case of death of the subscriber, pension would be available to the spouse.Corpus to the Nominee : In case of death of the subscriber & the spouse both, then the pension corpus would be returned to the nominee.·
Premium Chart of Atal pension Yojana for Rs 1000 Pension
Sn Age Vesting Period Monthly Quarterly Half Yearly 1 18 42 42 125 248 2 19 41 46 137 271 3 20 40 50 149 295 4 21 39 54 161 319 5 22 38 59 176 348 6 23 37 64 191 378 7 24 36 70 209 413 8 25 35 76 226 449 9 26 34 82 244 484 10 27 33 90 268 531 11 28 32 97 289 572 12 29 31 106 316 626 13 30 30 116 346 685 14 31 29 126 376 744 15 32 28 138 411 814 16 33 27 151 450 891 17 34 26 165 492 974 18 35 25 181 539 1068 19 36 24 198 590 1169 20 37 23 218 650 1287 21 38 22 240 715 1416 22 39 21 264 787 1558 23 40 20 291 876 1717 Premium Chart of Atal pension Yojana for Rs 2000 Pension
Sn Age Vesting Period Monthly Quarterly Half Yearly 1 18 42 84 250 496 2 19 41 92 274 543 3 20 40 100 298 590 4 21 39 108 322 637 5 22 38 117 349 690 6 23 37 127 378 749 7 24 36 139 414 820 8 25 35 151 450 891 9 26 34 164 489 968 10 27 33 178 530 1050 11 28 32 194 578 1145 12 29 31 212 632 1251 13 30 30 231 688 1363 14 31 29 252 751 1487 15 32 28 276 823 1629 16 33 27 302 900 1782 17 34 26 330 983 1948 18 35 25 362 1079 2136 19 36 24 396 1180 2337 20 37 23 436 1299 2573 21 38 22 480 1430 2833 22 39 21 528 1574 3116 23 40 20 582 1734 3435 Premium Chart for Atal pension Yojana for pension of Rs 3000
Sn Age Vesting Period Monthly Quarterly Half yearly 1 18 42 126 376 744 2 19 41 138 411 814 3 20 40 150 447 885 4 21 39 162 483 956 5 22 38 177 527 1045 6 23 37 192 572 1133 7 24 36 208 620 1228 8 25 35 226 674 1334 9 26 34 246 733 1452 10 27 33 268 799 1582 11 28 32 292 870 1723 12 29 31 318 948 1877 13 30 30 347 1034 2048 14 31 29 379 1129 2237 15 32 28 414 1234 2443 16 33 27 453 1350 2673 17 34 26 495 1475 2921 18 35 25 543 1618 3205 19 36 24 594 1770 3506 20 37 23 654 1949 3860 21 38 22 720 2146 4249 22 39 21 792 2360 4674 23 40 20 873 2602 5152 Premium Chart for Atal pension Yojana for pension of Rs 4000
Sn Age Vesting Period Monthly Quarterly Half Yearly 1 18 42 168 501 991 2 19 41 183 545 1080 3 20 40 198 590 1169 4 21 39 215 641 1269 5 22 38 234 697 1381 6 23 37 254 757 1499 7 24 36 277 826 1635 8 25 35 301 897 1776 9 26 34 327 975 1930 10 27 33 356 1061 2101 11 28 32 388 1156 2290 12 29 31 423 1261 2496 13 30 30 462 1377 2727 14 31 29 504 1502 2974 15 32 28 551 1642 3252 16 33 27 602 1794 3553 17 34 26 659 1964 3889 18 35 25 722 2152 4261 19 36 24 792 2360 4674 20 37 23 870 2593 5134 21 38 22 957 2852 5648 22 39 21 1054 3141 6220 23 40 20 1164 3469 6869 Premium Chart for Atal pension Yojana for pension of Rs 5000
Sn Age Vesting Period Monthly Quarterly Half Yearly 1 18 42 210 262 1239 2 19 41 228 697 1346 3 20 40 248 739 1464 4 21 39 269 802 1588 5 22 38 292 870 1723 6 23 37 318 948 1877 7 24 36 346 1031 2042 8 25 35 376 1121 2219 9 26 34 409 1219 2414 10 27 33 446 1329 2632 11 28 32 485 1445 2862 12 29 31 529 1577 3122 13 30 30 577 1720 3405 14 31 29 630 1878 3718 15 32 28 689 2053 4066 16 33 27 752 2241 4438 17 34 26 824 2456 4863 18 35 25 902 2688 5323 19 36 24 990 2950 5843 20 37 23 1087 3239 6415 21 38 22 1196 3564 7058 22 39 21 1318 3928 7778 23 40 20 1454 4333 8581 Atal Pension Yojana (APY) Account Statement using eSOT and ePRAN
You can view your statement online. please follow following steps:- Visit website : https://npslite-nsdl.com/CRAlite/EPranAPYOnloadAction.do
- Fill all details
- Click on submit button. it will show you your statement.
Atal Pension Yojana Eligibility
- Any Citizen of India.
- Age between 18 years to 40 years.
- Applicant should be KYC
- Applicant should not have a pre-existing APY Account.
