Atal Pension Yojana

Atal Pension Yojana (APY) is a government-backed pension scheme, this scheme is specially targeted at the unorganized sector, for the people who work under the unorganized sector, so they can receive regular income after retirement. This scheme was formerly known as Swavalamban Yojana. This pension scheme was launched on May 9th in Kolkata by Prime minister Narendra Modi. Under the APY Scheme tax benefit is offered which is risk-free and a pension up to Rs 5,000/- is paid per month for the scheme holder.

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Eligibility for APY

• Age Limit- 18 to 40 years
• Exit Age - 60 years
• Contribution Period - Minimum 20 years
• Pension Amount - Up to Rs 5,000/-

How to get the APY form

• Get the physical APY application from any nearby bank (operated by the government).
• Also, you can download the APY copy from the official website of the banks- Pension Fund Regulatory and Development Authority (PFRDA).

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What is the Process to Apply for APY Scheme?

• Get the APY Application
• Fill in all the details required
• Provide a valid mobile number
• Photocopy of Aadhaar and PAN should be provided with the APY application.
• Once approved you will receive a confirmation message from the bank.