(APY Chart) Atal Pension Yojana 2022: Online Application and Account Status

Atal Pension Yojana (Premium Amount, Chart, Online Application Form, Eligibility, Documents)

Atal Pension Yojana is a very big scheme launched by Prime Minister Narendra Modi. This scheme was mainly started for all the elderly people of the country so that they can get a pension after 60 years of age and they can live well. Under the scheme, there is a provision to get a pension of Rs 1000 to Rs 5000 after 60 years. Let us know all the information related to the rules of Atal Pension Yojana, the online application process, official site APY premium chart helpline number, etc.

NameAtal Pension Yojana
when was it launched1 June 2015
who launchedPrime Minister Narendra Modi
DepartmentPension Fund Regulatory and Development Authority (PFRDA)
beneficiaryAll workers in the unorganized sector
Objectivepension after 60 years of age
toll-free number1800-180-1111

What is Atal Pension Yojana

Atal Pension Yojana is a pension insurance scheme, under which old people after the age of 60 years will get a pension of 1000 rupees to 5000 rupees. The person can choose the pension as per his wish. If he wants to get a pension of thousand rupees per month, then he has to pay the premium according to that amount. The person himself can choose to pay the premium. Premium can be paid monthly, quarterly, half-yearly and annually. People of 18 years up to 40 years of age can apply for Atal Pension Yojana and take advantage. If that person dies after 60 years, then this pension amount will be given to the nominee of that person. If that person does not go to the pension amount, then he can also take the corpus amount in one go. 

Atal Pension Yojana Eligibility List / Qualification

  • The benefit of Atal Pension Yojana will be given only to the domicile of India. Anyone who is a citizen of India can take advantage of this scheme.
  • Certain age rules have been fixed for Atal Pension Yojana. According to the condition, only those people can apply in the scheme, whose age is between 18 to 40 years. Persons below 18 or above 40 years of age cannot apply for this scheme and get benefits.
  • Under Atal Pension Yojana, after 60 years of age, the amount of pension will be directly transferred by the government to the bank account of the person, along with this the premium will also be deducted directly from the bank account every year. Therefore, to take advantage of the scheme, it is necessary that the beneficiary has a bank account in his own name. 

Conditions related to the application of Atal Pension Yojana

  • Atal Pension Yojana was launched on 1st June 2015. At the time of announcement itself, it was told according to the condition that any person who applied under this scheme between 1st June 2015 to 31st March 2016 would be given special benefits. The amount that that person will deposit in this benefit, the same amount will also be deposited by the government. But this special benefit will not be given to the following people
    • who pay taxes
    • Others are taking benefits of any social security scheme
    • Government servant who is included in Provident Fund
    • coal miners who are included in the provident fund
    • Assam tea garden worker who is included in the provident fund
    • Sailors who are included in Provident Fund
    • Employees of Jammu and Kashmir who are included in the Provident Fund.
  • While filling the form of the scheme, the beneficiary has to keep in mind that it is mandatory for him to fill his nominee. Beneficiaries cannot write their spouse’s name in the nominee as they are considered as the default nominee. Apart from the husband and wife, you should write the name of someone else in the nominee.
  • An individual can have only one Atal Pension Account. 
  • Once applied in Atal Pension Yojana, the beneficiary can change the pension amount or premium mode anytime.
  • The beneficiary will be given a statement by message every year.

Terms and Conditions of Atal Pension Yojana

  • what will be the amount of pension 

The beneficiary can choose the pension amount as per his wish. The government has fixed the pension amount from ₹ 1000 to ₹ 5000. According to the pension amount the beneficiary chooses, he will have to pay his premium. If a subscriber wants to change the pension amount, then he can do so as per the rules but he can make this change only once in a year, for which he will not have to pay any additional charges. 

  • Other benefits available under Atal Pension Yojana
    • Whatever amount the beneficiary deposits, the government invests that amount in many places. If there is profit in that investment, then some part of it is also given to the beneficiary, but if there is a loss in the investment, then the entire expenditure is borne by the government itself. 
    • According to the terms and conditions of Atal Pension Yojana, whatever amount the beneficiary deposits under the premium amount. If the government avails tax benefits by investing it , then the government also gives tax exemption to the customer according to the current rate. 

how to fill atal pension yojana form

If you want to apply under Atal Pension Yojana, then you can get the form of this scheme from the bank and fill it and submit it. Apart from this, the online application process of the scheme has also been started. If you want to apply online under this scheme, then you can get the form by clicking on this link . 

How to open Atal Pension Yojana account

  • To get benefits under Atal Pension Yojana, it is necessary that the beneficiary has a bank account or an account in the post office, you can open an account under Atal Pension Yojana in either of the two places.
  • At the bank or post office, you will get the form of Atal Pension Yojana, in which fill all the asked information carefully. 
  • It is not mandatory to give the information of Aadhar card in Atal Pension Yojana, but if you give this information, then you can check all the information related to your account online.
  • After filling the form, the beneficiary will be given Pran number which is also known as reference number by the officials. Through this number, all the work related to the scheme like filling the claim form, filling premium, closing the account etc. can be done easily. 

Atal Pension Yojana Important Documents

  • If you do not already have a bank account, then to take advantage of Atal Pension Yojana, you will have to open an account in the bank. When a new account is opened in any bank, then you will find all the documents required at that time. 
  • identity card 
  • Passport size photograph 
  • Birth certificate 
  • domicile certificate 
  • Aadhar card (not mandatory)

Atal Pension Yojana Premium Rules

  • To take advantage of Atal Pension Yojana, the subscriber has to pay the premium amount for at least 20 years, the person with lesser premium will not be considered valid. 
  • If a person applies under Atal Pension Yojana at the age of 40, then he will have to pay the premium amount for the next 20 years i.e. till the age of 60 years. 
  • If a person applies for Atal Pension Yojana at the age of 18 years, then he will have to pay the premium amount till 42 years. 
  • The premium amount will be different for the beneficiaries in the age group of 18 to 40 years, the information of which is given below. 

What is the premium mode in Atal Pension Yojana

You can pay the premium amount in many ways under Atal Pension Yojana. You can pay the premium amount monthly, quarterly, half-yearly or annually. The beneficiary will have to deposit the premium amount in his bank account itself, from which the direct premium amount will be deducted. You can choose the premium mode as per your wish and can change it anytime. 

Atal Pension Yojana Calculator & Premium Chart

1000 rupees pension amount per month

In the chart given below, we will tell you that if you apply for a thousand rupees pension, then according to the age of 18 years to 40 years, how much premium amount you will have to pay every month for 3 months, 6 months and in a year. 

Agetimemonthly
184242
204050
253576
3030116
3525181
4020291
Quarterlyhalf-yearlyannual
125248496
149295590
226449898
3466851370
53910682136
87617173434

2000 rupees pension amount per month

Below you have been told that if you apply in Atal Pension Yojana at the age of 18 to 40 years, then how much premium amount you will have to deposit in the bank every month or 3 months or 6 months or a year. 

Agecontribution timemonthly
184284
2040100
2535151
3030213
3525362
4020582
Quarterlyhalf-yearlyannual
250496992
2985901180
4508911782
68813632726
107921634326
173434356870

3000 rupees pension amount per month

Agecontribution time  monthly
184284
2040100
2535151
3030213
3525362
4020582
Quarterlyhalf-yearlyannual
250496992
2985901180
4508911782
68813632726
107921634326
173434356870

4000 pension amount per month

Agecontribution time  monthly
1842168
2040198
2535301
3030462
3525722
40201164
Quarterlyhalf-yearlyannual
5019911982
59011692388
89717763552
137727275454
215242618534
3469686913,738

5000 rupees pension amount per month

Mr.contribution time monthly
1842210
2040248
2535376
3030577
3525902
40201454
Quarterlyhalf-yearlyannual
26212392478
73914642928
112122194438
172034056810
2688532310,646
4333858117,162

Penalty under Atal Pension Yojana 

If a beneficiary does not pay the premium amount in regular time under the scheme, then he will have to pay some penalty which is as follows

  • If someone pays a premium of Rs 100 per month, then he will have to pay ₹ 1 for the delay.
  • If someone’s premium amount is between ₹ 101 to ₹ 500, then he has to pay ₹ 2.
  • If the premium amount is between ₹ 501 to ₹ 1000, then he will have to pay ₹ 5 for delay.
  • If the premium amount is more than Rs.1000, he/she will have to pay ₹10 for the delay. 
  • As per the condition of the scheme, the amount of interest or any kind of penalty can be deducted from the pension corpus of the subscriber.

When can Atal Pension Account be closed?

  • If a subscriber does not deposit the prescribed premium amount for six consecutive months under the plan, then his account is frozen. 
  • If a subscriber does not deposit the premium amount continuously for six months, his account is deactivated as per the terms of the plan.
  • If the premium amount is not deposited for 24 consecutive months i.e. 2 years, then the account of that person is closed. 

Atal Pension Yojana Withdrawal Rules

Under Atal Pension Yojana, the pension amount is available only after the age of 60 years, but in some exceptional circumstances, the amount deposited till then can be withdrawn which is as follows

  • After crossing 60 years of age – According to the scheme shirt, the person will start getting pension after attaining the age of 60 years but if that person dies then his pension goes to the default nominee spouse if the default nominee also dies, the nominee made by that person can apply and get the deposited amount. 
  • On death of subscriber after 60 years – If the subscriber dies after 60 years of age then the default nominee gets pension. The defaulting nominee can close the account by receiving the deposit amount till then. If the defaulter nominee also dies, then the other nominee will not get the pension. He can claim the nominee and get the deposit amount. 
  • On death before 60 years – If a subscriber dies before 60 years of age, then whether to continue the pension further or not is decided by the default nominee. If the defaulting nominee wishes, he can get pension after 60 years by paying the remaining premium amount and if he does not want to pay the premium amount, then he can also get the account closed by claiming the amount deposited till then. 

Atal Pension Account Closure Rules

If a subscriber wants to close the Atal Pension Account before the age of 60 years, then he can only in one circumstance when the subscriber is suffering from any serious life-threatening illness, he can claim the deposit amount and get the account closed. 

Atal Pension Withdrawal Form [APY Withdrawal Form]

At the time of creating the account, a PRAN number is given to the beneficiary. It is through him that the withdrawal forms are filled. By filling this form, you can complete the entire process of Atal Pension Withdrawal.

Atal Pension Claim Form [APY Claim Form]

If the subscriber dies before the age of 60, then in that case he can claim the amount deposited till then. For this fill out this form

account closure form

Form 1

Form 2

what is the corpus amount

Under Atal Pension Yojana, when both the beneficiary and his defaulting nominee die, the nominee is given the copper amount as per the condition of the scheme. Apart from this, after the death of the beneficiary, if the default nominee does not want to continue the Atal Pension Account, then he can close the scheme by taking the copper amount. Copper amount means the amount deposited by the beneficiary and the contribution made by the government and the interest received thereon. Combining all these make up the commerce amount. The copper amount is according to the pension amount, if a beneficiary has chosen ₹ 1000 pension, then his copper item will be less, while the person with 5000 pension amount will have more copper amount, the person who will get ₹ 5000 pensions, his corpus amount is 8.5 lakhs. 

How to join Atal Pension Yojana from Swavalamban Yojana

Before the Atal Pension Yojana, the Swavalamban scheme was running in India till 2015. If you are still associated with the Swavalamban Yojana, then you can apply for Atal Pension and get benefits from it. It has the following conditions

  • Anyone who is between 18 to 40 years of age can apply for Atal Pension Yojana from self-reliance.
  • If a person is more than 40 years old and does not want to join Atal Pension Yojana, then he can clean and withdraw the amount for his money.
  • Customers who want pension after 60 years can avail the scheme by paying premium amount.

Atal pension yojana bank list

You can apply for Atal Pension Yojana by visiting any bank and post office in the country. These banks and post offices are given an incentive of ₹ 120 per pension scheme subscriber by the government. 

How to complain about Atal Pension Yojana

But if you want any information related to Atal Pension Yojana or have any kind of complaint, then you can get information by calling toll free helpline number 1800-180-1111.

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