Atal pension yojana is opened to all citizen of India aged between 18-40 years. This scheme guarantees pension for the citizens of India, even though it is mainly focused on the unorganised sector workers – Any Indian citizen can open this scheme, but the government co-contribution is available only of those who are not covered by any Social security schemes or is not an tax payer. Indian Government will co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower. The contribution varies depends upon your age.

Atal pension Yojna - list of banks

How to subscribe for Atal pension yojana

1. Approach the bank branch where your savings bank account is held.
2. Fill up the Atal Pension Yojana registration form with your Aadhaar and Mobile Number. Your Aadhaar will be the primary KYC.
3. KYC compliant saving account is mandatory to open this scheme
4. Always keep the required balance in your account for transfer of monthly contribution
4. The due date for the monthly contribution will be based on the initial date of deposit
5. Penalty for the late payment is depends on the contribution, (Rs. 10 will charged as a penalty for the contribution of more than Rs. 1,000 per month)
6. In case of continued delay of payment for more than two years, your account will be closed permanently.

APY – List of banks

1. State Bank of India
2. State Bank of Hyderabad
3. State bank of Travancore
4. State Bank of Patiala
5. Allahabad Bank
6. Andhra Bank
7. Bank of Maharashtra
8. Canara Bank
9. Federal Bank
10. Dena Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab National Bank
14. Karnataka Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. Vijaya Bank
19. Tamilnad Mercantile Bank (TMB)
20. IndusInd Bank
21. ICICI
22. Bank of India
23. Bank of Baroda
24. JK bank
25. Punjab & Sind Bank
26. Tamilnad Mercantile Bank
27. Allahabad Bank
28. Oriental Bank of Commerce

If you have any doubts regarding opening the APY account, kindly leave as comments. We would try our level best to address those.

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