Atal Pension Yojna

Atal Pension Yojna is a Social Security Scheme introduced by Govt. of India, aimed at providing a steady stream of income after the age of 60 to all citizens of India.

  • It is based on National Pension Scheme (NPS) frame work. Permanent Retirement Account Number (PRAN) will be provided to the subscriber immediately by the branch.
  • Subscribers joining APY scheme at an early stage of age would be required to pay lesser monthly subscription amount as compared to the subscriber joining at a later age as illustrated in the above table.

Pension Details

Under APY the subscribers have a choice to get Fixed Monthly Pension amount from Rs. 1000, Rs.2000, Rs. 3000, Rs. 4000 and Rs. 5000 by paying monthly subscription as per the table given below:

Age Of Entry Years Of Contribution Monthly pension of Rs. 1000 Monthly pension of Rs. 2000 Monthly pension of Rs. 3000
18 42 42 84 126
19 41 46 92 138
20 40 50 100 150
21 39 54 108 162
22 38 59 117 177
23 37 64 127 192
24 36 70 139 208
25 35 76 151 226
26 34 82 164 246
27 33 90 178 268
28 32 97 194 292
29 31 106 212 318
30 30 116 231 347
31 29 126 252 379
32 28 138 276 414
33 27 151 302 453
34 26 165 330 495
35 25 181 362 543
36 24 198 396 594
37 23 218 436 654
38 22 240 480 720
39 21 264 528 792
40 20 291 582 873

Facilities

  • Central Government will co-contribute 50% of the total yearly contribution or Rs. 1000 per annum, whichever is lower, for the period of 5 Years in the account of subscribers who join the scheme up to 31st December, 2015 and who are not a member of any Statutory Social Scheme and not an income tax payer.
  • Nomination facility is available.
  • Premature exit from APY is not permitted. However, it is permitted only in exceptional circumstances i.e. in the event of the death of beneficiary for terminal disease.

Grievance redressal

Customer can either approach their base branch or submit the grievance over our email - Apy.Boi@bankofindia.co.in .

Death and NPS Continuation Form
English
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Death and NPS Continuation Form
Hindi
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Subscriber Registration Form
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Subscriber Registration Form
Hindi
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