Atal Pension Yojana

A social security scheme of Government of India aimed at a 100% pensioned society

Overview

  • A social security pension scheme introduced by Government of India
  • Five Plans to choose from, based on the monthly assured pension – 1000, 2000, 3000, 4000 & 5000
  • A person joins the 1000 scheme, will get a monthly assured pension of Rs. 1000
  • Three premium paying options – Monthly, Quarterly and Half Yearly
  • Premium will be auto-debited from the subscriber’s account
  • Monthly Pension is available for the subscriber since attaining 60 years of age
  • After the demise of the subscriber, same amount of pension is available to the spouse
  • After the demise of both the subscriber and the spouse, the accumulated corpus is returned to the Nominee
  • The indicative corpus is Rs. 1,70,000/- for the Plan 1000, and the proportionate multiples for other plans
  • Subscriber needs to pay the premium till attaining 60 years of age
  • In the event of subscriber’s demise before attaining 60 years of age, spouse can either transfer the subscription in his/her name or withdraw the corpus by terminating the subscription
  • If the spouse opts for transfer the subscription in his/her name, he/she need to pay the premium till the time the original subscriber would have attained 60 years of age
  • Option is available to the subscriber once in every year (currently during the month of April) to alter the financial parameters like Plan, Premium frequency etc.
  • For more details Click Here

Eligibility

  • Any Indian Citizen who is between the age bracket 18 – 39 (age last birthday) can join the scheme through his/her Bank account
  • Available through all our branches
  • A social security pension scheme introduced by Government of India
  • Five Plans to choose from, based on the monthly assured pension – 1000, 2000, 3000, 4000 & 5000
  • A person joins the 1000 scheme, will get a monthly assured pension of Rs. 1000
  • Three premium paying options – Monthly, Quarterly and Half Yearly
  • Premium will be auto-debited from the subscriber’s account
  • Monthly Pension is available for the subscriber since attaining 60 years of age
  • After the demise of the subscriber, same amount of pension is available to the spouse
  • After the demise of both the subscriber and the spouse, the accumulated corpus is returned to the Nominee
  • The indicative corpus is Rs. 1,70,000/- for the Plan 1000, and the proportionate multiples for other plans
  • Subscriber needs to pay the premium till attaining 60 years of age
  • In the event of subscriber’s demise before attaining 60 years of age, spouse can either transfer the subscription in his/her name or withdraw the corpus by terminating the subscription
  • If the spouse opts for transfer the subscription in his/her name, he/she need to pay the premium till the time the original subscriber would have attained 60 years of age
  • Option is available to the subscriber once in every year (currently during the month of April) to alter the financial parameters like Plan, Premium frequency etc.
  • For more details Click Here
  • Any Indian Citizen who is between the age bracket 18 – 39 (age last birthday) can join the scheme through his/her Bank account
  • Available through all our branches

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