LabourNational SchemeOngoing
Atal Pension Yojana (APY) — Guaranteed Monthly Pension
APY provides guaranteed pension of Rs 1,000–5,000/month at age 60 to workers aged 18–40 who join voluntary contributory pension. Government co-contributes for non-income-tax payers.
Pension Fund Regulatory and Development Authority (PFRDA), GoI
What you get
Guaranteed pension options: Rs 1,000, 2,000, 3,000, 4,000, or 5,000/month after age 60. Government co-contributes 50% of premium (up to Rs 1,000/year) for new accounts opened before March 2016. Spouse receives same pension after subscriber's death. Nominees receive accumulated corpus on death of both.
Who can apply
Indian citizens aged 18–40 years with bank account and Aadhaar. Not applicable to income tax payers for government co-contribution.
For: Unorganised sector workers aged 18–40
- Bank account linked to Aadhaar
- Monthly auto-debit from bank
- Can exit voluntarily but no government co-contribution refunded
Documents required
General
- Aadhaar card
- Bank account passbook
- Mobile number for OTP
Scheme code: APY/2015