Search This Website

Search This Website

April 15, 2020

(Application) Atal Pension Scheme 2020| Atal Pension Yojana | APY Chart & Benefits

Atal Pension Scheme Application form| APY Online Registration | PM Atal Pension Yojana Application| APY Chart & Benefits

Atal Pension Yojana was started by the Prime Minister of our country, Shri Narendra Modi on 1 June 2015. Under this scheme, after the age of 60 years of the beneficiaries, a sum of Rs 1000 to Rs 5000 will be given as a pension every month. Under Atal Pension Yojana, the amount of pension will be fixed according to the investment and age invested by the beneficiaries. To get more information about this scheme like amount chart, registration process, eligibility, necessary documents etc., read this article carefully till the end.

APY 2020

Applicants applying under this scheme have to submit premium every month. After that the applicant will be provided financial assistance in the form of monthly pension in old age (financial assistance will be provided in the form of monthly pension in old age.). In the Atal Pension Yojana 2020, not only can you be entitled to more pension every month by depositing less amount, but in case of untimely death your family can also benefit from it.

Atal Pension Yojana 2020

To apply in this scheme, the beneficiaries should be 18 to 40 years old, only then they can avail the scheme. If a beneficiary wants to join this scheme at the age of 18, then they have to pay a premium of Rs 210 every month. And those whose age is 40 years, they will have to pay a premium ranging from 297 to 1, 454 rupees. To join the Atal Pension Yojana 2020, it is mandatory for the beneficiaries to have a bank account and the bank account should be linked to the Aadhaar card. Those who are income tax payers and those who are in government jobs cannot avail the benefit of this scheme. He is a beneficiary, he can open the account of Atal Pension Yojana in any national bank of India.

Objective of Atal Pension Yojana 2020

The main objective of this scheme is to secure the future by giving pension to the workers of unorganized sectors and to make them self-reliant. It is a social security scheme which aims to provide social security to the beneficiaries joining the scheme. People have to be empowered through PM Atal Pension Yojana.

Pradhan Mantri Atal Pension Yojana (APY) 2020 
After investing in APY 2020, beneficiaries will receive pension every month after the age of 60 years. With this pension, the beneficiaries can live well. Under the scheme, if the beneficiary dies, then the pension amount to be given to the beneficiary will be paid to the nominee (wife) of the candidate and if both (husband and wife) die, the pension amount will be given to the nominee mentioned. The Pension Fund Regulatory and Development Authority (PFRDA) acts as a nodal agency.
Benefits of apy 2020

  • Only people of India can take advantage of this scheme.
  • Under the Atal Pension Yojana, only after completing the age of 60 years, the Central Government will provide a monthly pension ranging from Rs 1000 to Rs 5000.
  • The pension amount under Atal Pension Yojana will be provided on the basis of investment and age made by the beneficiaries.
  • Like the PF account, the government will contribute to this pension scheme on its own.
  •  If you want a pension of 1000 rupees every month and you are 18 years old, then you have to submit a premium of Rs 210 every month for 42 years.
  • At the same time, people aged 40 years will have to pay a premium ranging from Rs 297 to Rs 1, 454. Only then can they avail APY 2020.

Important Documents of Atal Pension Yojana 2020 (Eligibility)

  • Applicants should be Indian citizens.
  • The age of the candidate should be 18 to 40 years.
  • Applicant should have bank account and bank account should be linked to Aadhar card.
  • Applicant's Aadhar Card
  • mobile number
  • identity card
  • Proof of permanent address
  • Passport size photo

APY Scheme Contribution Chart

Age of entryYears of contributionFirst Monthly pension of Rs.1000/-Second Monthly pension of Rs.2000/-Third Monthly pension of Rs.3000/-Fourth Monthly pension of Rs.4000/-Fifth Monthly pension of Rs.5000/-

How to apply for Atal Pension Scheme 2020?

  • Interested people who want to apply under the Prime Minister Atal Pension Yojana are the first to open their savings account in any national bank
  • After that fill all the information asked in the application form for the Prime Minister Atal Pension Yojana like Aadhar card, mobile number etc.
  • After filling the application form, submit it to the bank manager. After this, all your letters will be verified and your bank account will be opened under Atal Pension Yojana.
Quick Links
Important Downloads