Atal Pension Yojana (APY) — Guaranteed Monthly Pension

APY guarantees a minimum monthly pension of Rs 1,000 to Rs 5,000 after age 60, based on the contribution level. The subscriber chooses the desired pension amount, and the contribution is calculated accordingly based on the age at entry. Government co-contribution: 50% of the subscriber's contribution (up to Rs 1,000/year) for 5 years for those not covered by any statutory social security scheme and not income tax payers. On death of subscriber, spouse receives the same pension; on death of both, nominee receives the corpus.