Schemes / Government of India
Atal Pension Yojana (APY)
Central schemeUnorganised workereveryone
A government-backed pension scheme, mainly for workers in the unorganised sector, administered by PFRDA through banks and post offices.
What you get
A guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 from age 60, depending on your contributions. After the subscriber's death the pension goes to the spouse, and then the corpus goes to the nominee.
Who can apply
- Indian citizens aged 18–40 with a savings bank or post office account
- Since 1 October 2022, people who are or have been income-tax payers cannot join
How to apply
- Register through your bank or post office branch, or via net banking/mobile banking
- Choose a pension amount; the monthly, quarterly or half-yearly contribution is auto-debited until age 60
Documents usually needed
- Aadhaar
- Savings account
- Mobile number
Nodal authority: Department of Financial Services. Amounts and rules change — the official page is the final word.