How to open Atal Pension Yojana Account

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Indian Government recently launched a new pension scheme named “Atal Pension Yojana”, under this scheme the subscriber will get a guaranteed pension of Rs. 1000, Rs. 2000, Rs. 3000, Rs. 4000 and Rs. 5000 per month at the age of 60 depending upon the contribution amount (table provided below). In Atal Pension Yojana Scheme, the Government will contribute 50% of the total contribution or Rs. 1,000 per annum, whichever is lower and a subscriber is allowed to open only one unique account. Atal Pension Yojana Account is administrated by PFRDA. (Also read: List of banks)

Who can subscribe “Atal Pension Yojana” Account?

Any Indian citizen aged between 18-40 years can join Atal Pension Yojana scheme. He/she should have Saving Account from any bank in India. He / She should be in possession of mobile number and details are to be provided to the bank during registration time. Income tax payers and who are covered with any other social security schemes are not eligible to get the government contribution (they have to pay more). The main purpose of the scheme is to provide pension for the unorganized sector workers. (also read: APY – List of banks)

What is the procedure for opening Atal Pension Yojana” Account?
  • Saving account is mandatory: Under this scheme, the subscriber must have atleast one saving account and all the contributions will automatically debt from this saving account.
  • Fill up the Form: Subscriber should approach the bank branch where individual’s savings bank account is held, and fill up the Atal Pension Yojana registration form. Also one can download APY form online and submit to the bank branch. 
  • Mobile Number: Mobile number is mandatory to open this scheme, status of contributions will be intimated to the registered number of the subscriber by way of periodical SMS alerts.
  • Minimum balance: Subscriber should ensure keeping the required balance in the SB account for transfer of monthly contribution. In case of insufficient amount on the due date, the subscribers required to pay small penalty amount.
  • Nomination facility: When opening the account, It is mandatory to provide nominee details in Atal Pension Yojana account. The spouse details are mandatory wherever applicable. Aadhaar details of the nominees are also to be provided.
Atal Pension Yojana contribution table 
  Monthly pension
Age of entryYears of ContributionRs. 1000Rs. 2000Rs. 3000Rs. 4000Rs. 5000
18424284126168210
19414692138183228
204050100150198248
213954108162215269
223859117177234292
233764127192254318
243670139208277346
253576151226301376
263482164246327409
273390178268356446
283297194292388485
2931106212318423529
3030116231347462577
3129126252379504630
3228138276414551689
3327151302453602752
3426165330495659824
3525181362543722902
3624198396594792990
37232184366548701,087
38222404807209571,196
39212645287921,0541,318
40202915828731,1641,454

 

Dedicated Toll free number for Atal Pension Yojana account is 1800 4259 7777 

If you have any doubts regarding opening Atal pension Yojna, kindly leave a comment. We would try our level best to address those.

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93 Comments

  1. logintoloans says

    Nice information

  2. G ARUNA KUMARI says

    i am a housewife and my dob 04031977.Am I eligible for this apy?

  3. Umadevi says

    Thru APY scheme, If i start getting pension of Rs.5000, then for how many years will I get this pension? Is there any age until which the pension will be provided?

    1. Mohammad Ali says

      Hi Umadevi, The lifelong pension amount that you receive from 60 years of age is dependent on the contribution amount during accumulation stage. The subscribers can opt to decrease or increase pension amount during the course of accumulation phase, as per the available monthly pension amounts.

  4. Ruma says

    How can applying online

    1. Mohammad Ali says

      Hi Ruma, Currently there is no option to open online. need to visit the bank atleast once

  5. kngson says

    Hello sir please mails me every information about opening ATP accont.

  6. Rudrakant Pathak says

    I have working in a private limited company and covered under epf.Can i open atal pension yojana scheme or not because i have a epf account & uan number.Is both contribution is legal?

    1. Mohammad Ali says

      Hi Rudrakant, you can invest in Atal pension yojana and the beneficiaries of any social security schemes can enroll in Atal Pension Yojana

  7. Partha says

    Can it be applied through online ?

    1. Mohammad Ali says

      No Partha, you need to Visit the bank once for registration – but you can transact online

  8. M.mallick says

    After 60 years How will get .pensoin.

    1. Mohammad Ali says

      Hi Manojit Mallick, Upon completion of 60 years – the subscribers will submit the request to the bank (where he opened APY) for drawing the guaranteed monthly pension (100% annuitisation scheme). Pension amount opted is payable to Spouse upon death of Subscriber.

  9. Roshni Chellappan says

    Pran Number 500059556532:- I am contributing in APY from July 2015. Actually the monthly contribution amount is Rs.529/-. But the amount of contribution vary month by month. Initial contribution debited from the SB is Rs.565 for July 2015. In Sept. Rs.553, Oct.547 + 30, Nov.541 and Dec.535/- have been debited in SB. Can you explain the variation. The condition of co-contribution of 50% of contribution or Rs.1000/- whichever is lower and co-contribution for 5 years who joins between 1-6-15 to 31-12-15 have not been fulfilled in this case.

  10. Avinash says

    How check apy account active or not

  11. vinay says

    I have opened APY , i have received PRAN number in SMS. Do we have any online portal where we can check the status of our monthly contributions we made to APY.

  12. r s rai says

    I have not recieved pran number i have taken policy from sbi thakur ganj lucknow on 18/6/2015 by name ram shanker rai ref number 11800675118417623 how i get pran number

    1. Mohammad Ali says

      1800-180-1111
      1800-110-001
      is the toll free number for Atal Pension Yojana, contact them with your ref number.

  13. gaurav sharma says

    Mere account me date of birth galat ho gai thi jisse 59rs ke jaghe 151rs har month kat rahe hai or baad me bank me jakar mene date of birth sahi bhi kara leya fir bhi 151 kat raha h penson 1000rs ke h or date of birth 12-10-1993 h mujhe kya karna h usko sahi kese kare pls help me

  14. uttam kumar ujjwal says

    hell sir
    how to know about my APY states…………..uttam kumar ujjwal

    1. Mohammad Ali says

      Hi Uttam, you can check with your bank (where you have opened this account) or you can contact the listed toll-free number [listed in the same post]

  15. hardik says

    Hi, the nominee and spouse can be the same person? I mean, will spouse also be nominee?

  16. Magesh says

    How to register APY Scheme in online?

    It is possible or not?

    1. Mohammad Ali says

      No Magesh, currently it is not possible to register APY Scheme online.

  17. rupak saha says

    I am working in a private firm and have an facility of EPF, can I open the APY Account?
    If I unable to continue to pay the premium amount, what will be the result?
    During the premium paid period if I died, what will be the result?

    1. Mohammad Ali says

      1. Anyone can open APY account, even if your covered with EPF
      2. Banks will collect additional amount for delayed payments, Discontinuation of payments of contribution amount for more than 24 months shall lead to “Account Closure” – you will get NOTHING
      3. In case of death – pension would be available to the spouse. The Exit before age 60 would be permitted only in exceptional circumstances, i.e., in the event of the death of beneficiary or terminal disease.

  18. Nivedita says

    Hi, another query i had is this scheme also there in SBBJ bank?
    Thank you

    1. Mohammad Ali says

      Yes, you can open APY scheme in all “State bank” associate banks.

  19. Nivedita says

    Hi,
    I went to my nearest SBI bank in which i have a Savings bank account, it is the gokuldham branch in goregaon east, mumbai. But they told me they do not have the apy in their branch and asked me to go to another branch in which i dont have a savings account. please help!

    1. Mohammad Ali says

      Hi Nivedita, you can contact the SBI customer care to get the details but For joining APY, savings bank account is mandatory in that branch.

  20. rkj says

    Hi, i m a resident of hyderabad have a savings account in hdfc bank, can i apply online for APY scheme, as when i visited nearest branch they were unable to help me with the form or registration process.

    1. Mohammad Ali says

      You can contact the HDFC customer care to find the nearest branch which accept APY registration, currently you cant open in online route

  21. Harsha says

    can we open the a/c sbi
    for atal pension yojana online

  22. Harsha says

    can we open the a/c hdfc bank for atal pension yojana online

    1. Mohammad Ali says

      Currently No, You need to visit the nearest HDFC branch for APY registration

  23. Ashish says

    HI,
    I opened APY through HDFC. 1st month, amount deducted. It got defaulted in 2nd month due to less balance. But after that for last 2 months, there is no deduction. PLz help whom to contact. I spoke to APY customer care already.

  24. Sumit says

    I’ve 2 queries…
    1) Can any unmarried individual apply for APY?
    2) During the year of the contribution, if the subscriber expires (and hence no contribution thereon)…who gets the corpus that’s already been contributed?

    1. Mohammad Ali says

      Hi Sumit,
      Unmarried can open APY account but needs to mention nominee(s) details while opening

    2. subhash deshpande says

      During the year of contribution, if the subscriber expires, then the spouse ( who is by default nominee ) will get the corpus. In case spouse is not there,then the nominee will get the corpus.

  25. Simran says

    Hello sir,
    I wanted to ask one question if we open account for APY then our previous account can be close or not? Please tell me what can we get benefit by APY?

    1. Mohammad Ali says

      Hi Simran, an individual can open only one APY account.

    2. subhash deshpande says

      I think, you may be already having one NPS and you want to know that as to whether in case of opening a APY account the previous NPS account will be required to close or not. If this is the case , then answer is that you will not require to close your previous NPS account. But, one thing should be kept in mind that one person can open only one APY account.

  26. vir singh says

    hi, if some one join this scheme and before age of 60 he/ she no more, than how much pension nominee will receive & any one time.

    1. Mohammad Ali says

      In case of death of the subscriber, pension amount will be given to the spouse based on the saved corpus

  27. poonam singh says

    can we open the a/c hdfc bank for atal pension yojana online

  28. B.R Yadav says

    Dear sir, I have applied for APY and amount has been deducted in my HDFC bank account, due to some reason I want to deactivate the scheme, could you please let me know the cancellation procedure ?

    1. Mohammad Ali says

      Hi Yadav, there is no option to discontinue in the middle for now. You will be charged a nominal fine for the unpaid dues – you will get 2 years time to unfreeze the account from the date you have stopped. If you are not able to pay the money in 2 years you account would be closed and you wont get anything back.

  29. Ganesh says

    My DOB is 29-Jan-1975, am i eligible for APY ?

      1. subhash deshpande says

        No, as you have crossed the age of 40 years on the date of operation of the APY scheme (i.e. 1-6-2015).

  30. Ajith kumar says

    Hi sir,i have applied for APY,amout has been dedected in my canara bank,,but i am unable to see this APY account number in my canara account and i have APY account number but how to check,,,Can you please help me…

    1. Mohammad Ali says

      Hi Ajith, you can contact the toll free number to get all the informations

      1. ajith says

        Thank u for response..

  31. S Santra says

    Hi….i got the registration copy from BANK with PRAN number , & Bunker told me that i will receive a PRAn card by post . But still now i am not received the PRAN card. Could you tell me when i will be received the same?

    With regards,
    S santra

    1. Mohammad Ali says

      Hi Santra, immediately contact your bank as this might be a problem with postal department

  32. Dinesh says

    Hi , can you elaborate more on this point ” Income tax payers and who are covered with any other social security schemes are not eligible to get the government contribution (they have to pay more)”. I am a Tax payer and work for a MNC company. whether I am eligible to open APY ?

    1. Mohammad Ali says

      As per APY, anyone pays tax or someone covered under any social security schemes like EPF, PPF etc. as to pay the entire contribution (for others Indian government will contribute maximum of rs 1000 per year for first 5 years)

  33. Abhipsha Khandual says

    HI Mohammed.. I had opened an Atal Pension Yojana Account with HDFC Bank. Today I received an SMS from HDFC Bank that Rs. 5000/- has been deducted from my account towards this scheme. I had enrolled for deduction of Rs. 577/- per month according to my age to guarantee a pension of Rs. 5000/- per month as pension. Could you please help me understand why Rs. 5000/- was deducted? This was the first deduction that happened after enrolling in the scheme.

    1. Mohammad Ali says

      There is no unfront payment for this scheme. Walk to your nearest HDFC branch to know why you are charged 5000 upfront

  34. Ramakrishna says

    Sir I will joined apy in hdfc bank since 3 months. Till now they did not recieved my money from my account Pm apy scheme is available in hdfc bank or not. Please give clarification

    1. Mohammad Ali says

      Ramakrishna, did you get scheme details from HDFC, then you can contact the toll free number for your policy status. (Toll free no. 1800 4259 7777)

  35. chandanbiswas says

    My age is 36+&willing to aop for atal pension scheme ,please let me know what will be my per month cobtribution & what will be my pension amount

    1. Mohammad Ali says

      For 36 years, you need to contribute for next 24 years. you can check the above “Atal Pension Yojana contribution table” for the contribution and pension amount

  36. Mitalee says

    Can you please advice how can i open atal pension yojana using HDFC netbaking

  37. Ishwar says

    how many year to deposit the amount in this scheme

    1. Mohammad Ali says

      till 60 years… check the above Atal Pension Yojana contribution table

  38. Manoj Kumar says

    hello sir,
    currently i am working in Nepal (Tractors Nepal Pvt. Ltd .) Company .there is i pay tax , can again i pay to India govt. tax.

  39. sona says

    is this available with hdfc bank as well

    1. Mohammad Ali says

      Currently no, but HDFC will soon have this scheme subscription.

  40. Rohit says

    Hi , if a person working on IT company and he is paying tax , it that person is eligible for ATP?

    1. Mohammad Ali says

      yes Rohit, anyone can open this scheme. Only downside is Rs.5,000 is the maximum cap for the pension.

      Note: Tax payers and EPF holders wont get government contribution, they will have to pay more premium than others

  41. chetan says

    how to open this account online?

    1. Mohammad Ali says

      Currently there is option to open in online, you have to reach the bank directly to open this scheme.

  42. venkat says

    What is i am paying my taxes evey year and i am a Private employee .. Can i open this account

    1. Mohammad Ali says

      Yes, Any Indian citizen can open this scheme including tax payers

      Note: Tax payers and EPF holders won’t get government contribution, they will have to pay more premium than others

  43. Kaushlendra Bahadur mall says

    I have got registration no in APY through SBI bank,But there are no any sms and cash deduction from my account . when ever i have registered throught SBI Bank by 23/06/2015…
    Can any one suggest me to what to do ?????????

    1. Mohammad Ali says

      At-least it will take 2 weeks to activate your account, may be cash deduction will start from next month. Contact the toll free number to get your account status 1800 4259 7777

  44. Tinlu Mittal says

    How to open APY, and agr mujhe 5000rs pension chaiye hai to kab tak mujje kitan premium pay krna hoga.

    1. Mohammad Ali says

      it depends upon your joining age, if your age is 30, and you save 577 every month for the next 30 years, we will get 5000 as pension. Opening APY is very simple you can directly contact any public banks.

  45. Awadhesh says

    Thanks for such a nice description. I works as a software Engineer.I have to fill TDS every year to get what ever amount has been deducted as tax. Apparently I am paying tax but not actually. Am I liable to enter in this pension scheme?? I hope you got my point.

    1. Mohammad Ali says

      Yes, anyone can contribute towards this pension scheme. Only restriction is age

      Note: Tax payers and EPF holders wont get government contribution, they will have to pay more premium than others

      1. Div says

        Hi Mohammad,I am private employee and I pay TAX and also i m employee provident fund holder,i am i still eligible since i am a private employee,have you heard of any cases wherein the bank rejects if we say we pay tax etc..Thanks in advance for your reply.

      2. Mohammad Ali says

        Yes you’re eligible to open this scheme, bank has no right to reject.