FinanceAPY
Atal Pension Yojana (APY)
A government-backed pension scheme in India targeting the unorganized sector, ensuring monthly pension income from ₹1,000 to ₹5,000 after the age of 60.
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₹1,000 – ₹5,000
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Official fee
₹0 — completely free
There is no fee for opening or registering an APY account. Only the monthly contribution selected by you will be debited.
Beware of lookalike portals
Beware of websites asking for processing fees or security deposits to activate APY. Only register through your bank's official app, portal, or branch.
Only the "Apply on official portal" button above leads to the verified government site.
Highlights and Media
Key Highlights
Guaranteed Monthly Pension
Assured minimum monthly pension of ₹1,000 to ₹5,000 upon reaching age 60.
Spouse & Nominee Safety
Pension automatically transfers to spouse upon subscriber's death, with the corpus returned to the nominee.
Auto-Debit Convenience
Contributions auto-debited from your bank account to avoid missed payments.
Monthly Contributions for ₹5,000 Pension
Comparing monthly contribution amounts based on joining age
Age 18 Entry
₹210 / monthContributing for 42 years. Lowest monthly premium rate.
Age 30 Entry
₹577 / monthContributing for 30 years. Moderate premium rate.
Age 40 Entry
₹1,454 / monthContributing for 20 years. Highest premium rate for late entry.
Who is eligible
- Applicant is between 18 and 40 years of age, eligible to open an APY account.
Eligibility rules · v1 · effective 1 January 2020
Who is not eligible
- APY enrollment is open to individuals aged 18 to 40.
- APY enrollment is open to individuals aged 18 to 40.
How to apply
Visit Your Bank Branch or Portal
Approach the bank or post office where you hold a savings bank account, or log in to their internet banking portal.
Typical duration · 1 day
Fill APY Registration Form
Provide Aadhaar details, mobile number, bank account information, spouse/nominee details, and select a pension tier (₹1k-₹5k).
Typical duration · 1 day
Submit and Enable Auto-Debit
Submit the form and authorize the bank to auto-debit the required contribution monthly, quarterly, or half-yearly.
Typical duration · 1 day
Sources
- Pension Fund Regulatory and Development Authority (PFRDA), National Pension System TrustMINISTRY_PORTAL · Fetched 5 July 2026
Additional Details
Atal Pension Yojana (APY), formerly known as Swavalamban Yojana, is a government-backed pension scheme in India, primarily targeted at the unorganised sector workers such as delivery riders, agricultural laborers, and domestic helpers. Administered by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme encourages workers to save voluntarily for retirement.
Subscribers receive a guaranteed minimum monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after attaining the age of 60 years, depending on their contributions and joining age (which must be between 18 and 40 years). Spouses are automatically covered under the pension guarantees upon the subscriber's death, after which the accumulated pension corpus is returned to the nominee.
The scheme is auto-debited directly from a Jan Dhan or savings bank account, making regular contributions simple and structured.