Atal Pension Yojana - guaranteed pension scheme for unorganized sector. Age 18-40. Monthly pension ₹1,000-5,000 from age 60. Government co-contributes for some.
APY pension amounts?+
Choose ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 monthly pension. Premium varies by age + amount. Younger = lower premium. Lifetime pension.
APY contribution amount?+
For ₹5,000 pension at age 18: ₹210/month. At age 40: ₹1,454/month. Age + pension amount determines monthly contribution. Auto-debit from bank.
APY tax benefits?+
Section 80CCD(1B): Up to ₹50,000 deduction. Plus 80C ₹1.5L. Total tax-saving up to ₹2L. Pension taxable as income at retirement.
APY enrollment?+
At any bank with savings account. Aadhaar + mobile required. Auto-debit consent. Choose pension amount. Get account statement. Contact bank for issues.
APY exit before 60?+
Exit allowed only on death/disability. Premature exit: Get back contributions + interest, no government share. Strongly discouraged - lose all benefits.
APY death benefit?+
Spouse continues pension. After spouse death: Corpus returned to nominee. Total guaranteed pension corpus depends on chosen amount.
Government co-contribution APY?+
For 5 years for those joining before 31 March 2016: 50% of contribution or ₹1,000 (whichever lower). New joiners don't get co-contribution but full pension guaranteed.