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What is the right age to invest in Atal Pension Yojana? Click to know details


The Government of India runs several schemes aimed at benefiting different sections of the society. Some of these schemes are specifically designed for women, some for girls, and many for the elderly.

Planning for the future with Atal Pension Yojana

Many people invest in different schemes to secure their future, especially for their old age. One such beneficial scheme is Atal Pension Yojana (APY), which ensures a monthly pension after the age of 60 years. Here is detailed information on the ideal age to enroll in this scheme and its benefits.

Investing early is important

Launched in 2015, Atal Pension Yojana is a national pension scheme available to Indian citizens aged 18 to 40 years. To avail of the benefits, a minimum contribution period of 20 years is required. The sooner one starts contributing, the lower the premium amount will be. For example, a 40-year-old enrolling in the scheme will have to contribute a higher amount than a person starting at age 20. Therefore, early enrollment around the age of 20 is highly recommended to reduce premium costs. After the age of 60, the scheme offers a monthly pension ranging from ₹1,000 to ₹5,000.

How to Apply for Atal Pension Yojana

Applicants can choose to apply for Atal Pension Yojana online or offline.

Online Application: You can open an APY account through your bank's net banking service. After logging into Internet Banking, look for the Atal Pension Yojana option under Services and follow the prompts to apply.

Offline Application: Visit your bank or post office where you have a savings account. Get the APY application form, fill it and submit it along with the required documents. Once your application is processed, you will receive an acknowledgment. Successful registration will be confirmed through a message sent to your registered mobile number.

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