Atal Pension Yojana (APY)
Atal Pension Yojana is a government-backed pension scheme in India, primarily targeted at workers in the unorganized sector. Administered by the Pension Fund Regulatory and Development Authority (PFRDA), it provides a guaranteed retirement income.
Eligibility & Enrollment Rules
The scheme focuses on protecting workers in the unorganized sector against post-retirement financial risks. Exclusions apply to tax-paying citizens.
Who can join
- Any Indian citizen aged between 18 and 40 years.
- Must have an active savings bank account linked to a mobile number.
Exclusion Criteria
- •Must not be a beneficiary of any statutory social security schemes (e.g. EPF, NPS).
- •Must not be an active Income Tax payer (under rules modified in October 2022).
Required Document Checklist
Make sure you have these key files ready to facilitate the auto-debit process with your bank account.
Aadhaar Card
Used for primary identity authentication and linking to the pension account.
Active Bank Passbook
Required to configure monthly/quarterly auto-debit contributions. Must show valid IFSC code.
Mobile Number
To receive SMS transaction alerts, contribution updates, and e-PRAN details.
Nominee Information
Mandatory details including nominee Aadhaar and relationship proof to ensure payout transfers in case of demise.
Check eligibility & calculate monthly premiums
Unsure of how much contribution is required for your age? Ask SevaApply chat. We evaluate your age, target pension, and generate a customized premium breakdown.