Atal Pension Yojana Benefits

Atal Pension Yojana Benefits 2024: Eligibility, Profit, Online Apply, Investment and Other Information

Atal Pension Yojana Benefits: On June 1, 2015, the Prime Minister of our nation Narendra Modi announced the commencement of the Atal Pension Yojana. Pension after reaching sixty years of age is given under the Atal Pension Yojana. Beneficiaries must invest between the ages of 18 and 40 to get the scheme’s advantages. Through this programme, beneficiaries receive a pension of between ₹1000 and ₹5000 every month. Age and the recipients’ investments are taken into consideration when calculating the pension amount. In addition, the scheme provides benefits to the beneficiary’s family in the event of an early death.

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Atal Pension Yojana 2024

El solicitante que presente su solicitud bajo este plan deberá depositar la prima todos los meses. Posteriormente, una vez que el solicitante cumpla 60 años, el gobierno proporcionará asistencia financiera en forma de pensión mensual de vejez. Para solicitar la Pensión Atal Yojana, la edad de los beneficiarios debe ser de 18 a 40 años, sólo entonces podrán aprovechar los beneficios de este plan. Si un beneficiario quiere unirse a este plan a la edad de 18 años, tendrá que pagar una prima de 210 rupias cada mes y aquellos cuya edad sea de 40 años, tendrán que pagar una prima que oscilará entre 297 y 297 rupias. 1.454.

Atal Pension Yojana Benefits

Recently, the Owners of Accounts of Atal Pension Yojana, Plan National of Pensions 2024, have access to a new service provided by the Autoridad Reguladora y de Desarrollo de Fondos de Pensiones PFRDA. En virtua de esta instalación, los registrantes de cuentas NPS pueden actualmente contribuir mediante la Interfaz de pago unificada de UPI. Priormente, únicamente la banca neta podía ser utilizada por los propietarios de cuentas NPS para el avance de las contribuciones. Contributing to the National Pension Plan will be easier with the help of this new mechanism. The reason being that the UPI payment system is a “real-time payment process”. The account holder can move money from one account to another in a matter of minutes through this process.

Información sobre Atal Pensión Yojana 2024

Name of SchemeAtal Pension Yojana
launchedyear 2015
Comenzado porby central government
BeneficiarioPeople from unorganized areas of the country
Objectivegrant pension

Tax benefits under Atal Pension Yojana

The Atal Pension Yojana was established to offer pensions to workers in the unorganised sector. Under this scheme, upon reaching 60 years of age, the applicant will receive a pension, depending on their investment, ranging from ₹ 1000 to ₹ 5000 per month. Customers will now receive tax savings under this arrangement as well. The Pension Fund Regulatory and Development Authority sent out a tweet with this information. This tweet provides information stating that all income taxpayers between the ages of 18 and 40 can make use of this scheme’s benefits, which are also made possible by section 80CCD (1b) of the Income Tax Act. Additionally, you can acquire

The consumer must have a savings bank account or post office savings account to receive the advantages of the Atal Pension Yojana. Included under Section 7 of the Aadhaar Act is the Atal Pension Yojana. Aadhaar authentication enrollment or the submission of proof of Aadhaar number will be required of all citizens wishing to apply under this initiative.

Atal Pension Yojana Withdrawal

  • After becoming sixty: The consumer may begin to withdraw funds from the Atal Pension Yojana upon reaching sixty years of age. The consumer will receive their pension in this case following their pension withdrawal.
  • Should the subscriber pass away: In the event of the subscriber’s passing, the subscriber’s spouse will get the pension payment. The pension corpus will be given back to their nominee if they both pass away.
  • Removal before reaching the age of sixty: Under the Atal Pension Yojana, withdrawals before age 60 are not permitted. However, the department has permitted in certain extraordinary cases. In the event of a terminal illness, for example, or the beneficiary’s death.
Atal Pension Yojana Benefits

Some important instructions of the Atal Pension Yojana

  • Each beneficiary of the Atal Pension Yojana could get ₹ 1000, or half of the pension amount, from the esteemed authorities.
  • All beneficiaries who participated in this programme between June 1, 2015, and March 31, 2016, are eligible for this benefit, provided they are both income taxpayers and recipients of no other social safety programme.
  • The ATAL Pension Yojana is now included in Section 7 of the Aadhaar Act. An Aadhaar number is now necessary to receive the benefits of this service.
  • If you wish to take advantage of this programme, you must be a savings account holder.
  • It can be necessary for the applicant to provide background information at the time of application.
  • Only those who are indigenous to
  • The customer may also pick to increase or lower the pension quantity.
  • The subscribers can be required to pay an annual price of 8% for the distinction in supply amount if they want to beautify their pension.
  • In this case, if the subscriber chooses to lower their pension amount, the increased contribution amount that was obtained from them may be refunded to them along with the return earned.
  • Customers may be required to pay a fee of ₹50 for any downgrade or upgrade unless there’s a mistake. This charge might be cut up similarly among pop, app, and cra.

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Benefits of Atal Pension Yojana 2024

  • The benefit of this initiative is limited to Indian nationals.
  • With the Atal Pension Yojana, the Central Government would only start paying a monthly pension after a person reaches the age of sixty, with amounts ranging from Rs 1000 to Rs 5000.
  • According to the beneficiaries’ age and investment, the Atal Pension Yojana will determine the pension amount.
  • The government will contribute to this pension plan in the same manner as it does to the PF account.
  • At the age of eighteen, you would be required to pay a premium of Rs 210 a month for 42 years to qualify for a pension of Rs 1000 per month.
  • However, those who are above 40 will have to pay an extra fee that starts at Rs.

Who is not eligible to receive government co-ordination under APY?

Under APY, recipients of any statutory social security programme are not eligible to benefit from government co-contribution. Some of the Acts that do not receive government coordination are listed below:

  • Act of 1952 on Employee Provident Fund and Miscellaneous Provisions.
  • Act of 1948 on Miscellaneous Provisions and Coal Mines Provident Fund.
  • The Simmons Provident Fund Act of 1966, the Assam Tea Plantation Provident Fund Act of 1966, and the 1955 Miscellaneous Provisions Act.
  • Kashmir and Jammu the Miscellaneous Provisions and Employee Provident Fund Act of 1961.
  • There are mandatory social security programmes.
  • An APY contribution chart

Required documents (eligibility) of Atal Pension Yojana 2024

  • Applicant must be an Indian citizen.
  • The age of the candidate should be 18 to 40 years.
  • The applicant should have a bank account and the bank account should be linked to the Aadhar card.
  • applicant’s Aadhar card
  • mobile number
  • identity card
  • proof of permanent address
  • passport size photo

How to apply online for Atal Pension Yojana 2024

To apply for the Atal Pension Yojana, fill out the application by following the step-by-step instructions provided below.

  • You must first visit, the National Pension Scheme’s official website.
  • You’ll need to input your PAN number after that.
  • Following this, you will need to input your email address and mobile number for registration.
  • An OTP will be sent to you.
  • You’ll need to enter your OTP after that.
  • You will then need to choose between one or two options from your bank.
  • The application and bank will then be provided to you.
  • It requires you to pick the UPI price choice.
  • It calls for you to input each of your UPI varieties and account numbers.
  • You will need to enter the UPI pin after that.
  • Following this, the charge is needed.
  • This means that every one of you applicants will want to sign on and pay a monthly premium of up to ₹ 210.
  • It is now essential to pick out the submit option.
Atal Pension Yojana Benefits

penalty for default

If you miss a payment, your bank will deduct the following amount from your payment:

  • once more. Up to Rs. 100 in monthly donations, contributions start at Rs. 1.
  • once more. 2.101 to 500/-per month for contributions made more than that amount.
  • For payments between Rs 501/- and Rs 1000/-per month, there is a monthly fee of Rs 5.
  • For contributions over Rs 1001/-per month, there is a 10-per-month fee.


For people who work in the private sector or in companies without pensions or other retirement benefits, the Atal Pension Yojana (APY) is quite helpful.

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Faq’s for Atal Pension Yojana

Q: Who is not eligible for APY?

Ans: No, as of October 1, 2022, citizens who have paid income taxes under the Income-tax Act of 1961 are ineligible to open new APY accounts.

Q: What are the new rules for APY?

Ans: If you join the programme on or after October 1, 2022, and it turns out later that you were an income taxpayer on or before the application date, your APY account will be closed. You will receive all of the money that has accrued in your account up until the closing date.

Q: Who is the default nominee for APY?

Ans: The APY account has to be updated with the nominee’s details. The subscriber’s spouse is the default nominee in APY; however, if the subscriber is single, they may designate any other individual as a nominee, albeit they will need to supply spouse information upon marriage.


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