Progress with us...
 
internet banking
Personal
Corporate
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
eDGE Loyalty Rewards
  • LOG IN

Investments

Atal Pension Yojana

Address your pension needs through this scheme, administered via NPS and distributed through banks

Guaranteed Monthly Pension

From Rs. 1,000 to Rs. 5,000 per month

Exclusive Individual Account

One person, one pension account

Monthly Auto-Debit

Easy and hassle-free

Government Co-Contribution

50% of subscribers’ contribution or Rs. 1,000/- per annum

Features and Benefits

Atal Pension Yojana (APY), a pension scheme for citizens of India, focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or Rs. 5,000 per month will be given at the age of 60 years, depending on the contributions by the subscribers.
Beneficiaries who are covered under statutory social security schemes are not eligible to receive Government co-contribution. For example, members of the Social Security Schemes under the following enactments would not be eligible to receive Government co-contribution:
  • Employees’ Provident Fund and Miscellaneous Provision Act, 1952
  • The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948
  • Assam Tea PlantationProvident Fund and Miscellaneous Provision, 1955
  • Seamens’ Provident Fund Act, 1966
  • Jammu Kashmir Employees’ Provident Fund and Miscellaneous Provision Act, 1961
  • Any other statutory social security scheme
Guaranteed minimum pension of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or Rs. 5,000 per month will be given at the age of 60 years, depending on the contributions by the subscribers.
In APY, Government will co-contribute 50% of the total contribution or Rs. 1,000 per annum, whichever is lower, to the eligible APY account holders who join the scheme during the period 1st June, 2015 to 31st December, 2015. The Government co-contribution will be given for 5 years from FY 2015-16 to 2019-20.
The contributions under APY are invested as per the investment guidelines prescribed by Ministry of Finance, Government of India. The APY scheme is administered by PFRDA/GOVERNMENT.


Read all Atal Pension Yojana FAQs

YOU MIGHT ALSO BE INTERESTED IN

WHAT'S NEW ?

PL Travel Inside Page Pin 263X169

DON'T LET FINANCES BOTHER YOUR LOVE FOR TRAVEL

Personal Loans from Axis Bank
with no foreclosure charges.

KNOW MORE

axis-bank-atm-charges-waiver Inside PIN

Here's a quick guide to the recent  RBI Directive on Demonetization

Read all Demonetisation related
general instructions here

KNOW MORE

Provogue Inside Page Pin Banner

OPENING A SAVINGS ACCOUNT IS NOW EVEN MORE REWARDING

Now, open a new Savings Account and win a stylish Provogue tie/stole*

APPLY NOW

Expedia Inside Page PIN banner

Create memories, Earn miles and rewards.

Load your World Traveller Card & get Expedia voucher worth INR 2,000

KNOW MORE