👴 Atal Pension Yojana (APY) 👵 " PLAN YOUR SECURE PENSION TODAY "

Atal Pension Yojana (or APY, previously known as Swavalamban Yojana) Is A Government Backed Pension Scheme In India, Primarily Targeted At The Unorganised Sector.

• It was mentioned in the 2015 Budget speech by the then Finance Minister Arun Jaitley.

• It was launched by Prime Minister Narendra Modi on 9 May in Kolkata.

• As of May 2015, only 20% of India's population had any kind of pension scheme and the APY scheme aims to increase the number.

• APY is a guaranteed pension scheme and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

DEPARTMENT OF POST : INDIA Is Registered With PFRDA To Provide APY Related Services.

🧐 APY Features

• Guaranteed monthly pension for subscribers, ranging from Rs. 1,000 to Rs. 5,000 per month.

• Government of India (GoI) will also co-contribute 50% of the subscriber’s contribution or Rs. 1,000 per annum, whichever is lower. The Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not an Income Tax payer

• GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme in the period June 1 to December 31, 2015. The benefit of five years of Government co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.

👴Eligibility 

• APY is applicable to all citizen of India aged between 18-40 years.

• Aadhaar will be the primary KYC. Aadhar and mobile number are recommended to be obtained from subscribers for the ease of operation of the scheme.

If not available at the time of registration, Aadhar details may also be submitted later stage.

🔔 Charges For Default :

• Post Office are required to collect additional amount for delayed payments, such amount will vary from minimum ₹ 1 per month  to ₹ 10/- per month as shown below: 

• ₹ 1 per month for contribution upto ₹ 100 per month. 

• ₹ 2 per month for contribution upto ₹ 101 to 500/- per month. 

• ₹ 5 per month for contribution between ₹ 501/- to 1000/- per month. 

• ₹ 10 per month for contribution beyond ₹ 1001/- per month.

The fixed amount of interest/penalty will remain as part of the pension corpus of the subscriber.

⚠️ Important Information For Subscriber :

Discontinuation of payments of contribution amount shall lead to following:

• After 6 months account will be frozen. 

• After 12 months account will be deactivated. 

• After 24 months account will be closed. 

Subscriber should ensure that the Post Office Savings Bank Account to be funded enough for auto debit of contribution amount.

🚪Exit :

✓ On attaining the age of 60 years :

The exit from APY is permitted at the age with 100% annuitisation of pension wealth. On exit, pension would be available to the subscriber. 

✓ In case of death of the Subscriber due to any cause : 

• In case of death of subscriber pension would be available to the spouse and on the death of both of them (subscriber and spouse), the pension corpus would be returned to his nominee.

✓ Exit Before the age of 60 Years : 

• Exit before 60 years of age is not permitted however it is permitted only in exceptional circumstances, i.e., in the event of the death of beneficiary or terminal disease.

Indicative APY Contribution Chart (Age wise)

Age of Entry	Years of Contribution	Monthly pension of Rs. 1000.	Monthly pension of Rs. 2000.	Monthly pension of Rs. 3000.	Monthly pension of Rs. 4000.	Monthly pension of Rs. 5000.
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1,087
38	22	240	480	720	957	1,196
39	21	264	528	792	1,054	1,318

• To Download Atal Pension Yojna Application Form Click On Below Link👇

https://www.jansuraksha.gov.in/Forms-APY.aspx

Visit Nearest Post Office To Secure Your Pension Today... 🏃🏃🏃🏃