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Atal Pension Yojana: This is a social security scheme of the Government of India. Under this scheme, upon reaching the age of 60, the subscriber will be guaranteed a minimum pension of ₹1,000 to ₹5,000 per month.

If you are not employed or work in the unorganized sector, the Atal Pension Yojana (APY) is a reliable retirement scheme for you.

This scheme provides a pension guaranteed by the central government. Its purpose is to provide social security to those in need.

The Atal Pension Yojana was launched by the government on May 9, 2015. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Effective October 1, 2022, the government has changed the rules. Now, no income tax-paying citizen can open a new APY account, meaning the scheme is now open only to non-taxpaying citizens.

People between the ages of 18 and 40 can open an Atal Pension Yojana account at a bank or the nearest post office. A person can open only one account.

Investment depends on age and the pension amount chosen. The scheme offers a monthly pension ranging from ₹1,000 to ₹5,000.

You can earn a pension of ₹5,000 by saving ₹7 a day. If a person joins the scheme at the age of 18, they will only need to contribute ₹210 per month, or ₹7 a day. In return, they will receive a monthly pension of ₹5,000 after the age of 60.

You can contribute to the Atal Pension Yojana every month, every three months, or every six months.

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