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Atal Pension Yojana-APY Scheme/Plan, Premium Calculation, Terms, Benefits & Other Condition Details

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Atal Pension Yojana-#APY (A Pension Insurance Plan for Common Indians)
Atal Pension Yojana Scheme, Benefits & Premium Calculation with terms details

The Narendra Modi Government’s Key Social Security Scheme ,Atal pension Yojana-APY will replace the previous Government’s Swavalamban Yojana NPS Lite, which did not find much acceptance among people. The Modi led BJP-NDA Government is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System-NPS. Actually ,the government announced the introduction of universal social security scheme in the insurance (PMSBY & PMJJBY) and pension (APY) sectors for the Indians , specially for the poor and the under priviledge , in the budget for the Year 2015-2016. New Life Insurance Policy for Common Indians.

Recommended:
1. Pradhan Mantri Suraksha Bima Yojana-PMSBY Plan Details
2. Pradhan Mantri Jeevan Jyoti Bima Yojana-PMJJBY

Atal Pension Yojana-APY scheme related FAQs (General information):
1. What is Atal pension Yojana -APY ?
Atal pension Yojana (APY) ,a pension scheme for citizens of India focused on the unorganized sector workers .Under the APY , guranteed minimum pension Rs. 1000/ Rs. 2000, /Rs. 3000/ Rs.4000 and Rs.5000 per month will be given at the age of 60 years depending on the contribution by the subscribers .

2. Who can subscribe to APY ?
Any citizen of India ,can join APY scheme. The following are eligibility criteria.
a. The age of the subscriber should be between 18-40 years
b. He/She should have a Savings Bank Account /open a savings bank account
c. The prospective applicant should be in possession of mobile number and its details are to be furnished to bank during registration period.

3. What is the benefits in joing APY scheme (Government Contribution) ?
In Atal pension Yojana-APY, government will co-contribute 50% of the total contribution or Rs.1000 per annum, whichever is lower , to the eligible APY account holders join the scheme during 1st June 2015 to 31st December 2015. The government should co-contribute will be given for 5 years from Financial Year-FY 2015-2016 to 2019-2020.

4. What is the procedure for opening APY account (Account Opening Process)?
a. Approach the Bank Branch where individual’s savings bank account is held
b. Fill up Atal Pension Yojana-APY registration form/Application form
c. Provide Aadhar/ Mobile Number
d. Ensure keeping the required bank balance in the savings bank account for transfer of monthly contribution.

5. Whether Aadhar Number is compulsory for joing the APY scheme ?
Its is not mandatory to provide Aadhar number for opening APY Pension Account. However, for enrollment ,Aadhar would be the primary KYC (Know Your Customer) document for identification of beneficiaries, spouse and nominees to avoid pensions rights and entitlement related disputes in the long term.

6. What is the mode of Contribution to the Account ?
All the contribution are the remitted monthly through ‘auto debit’ facility from savings bank account of the subscriber.

7. Age wise premium contributation table chart:
A. Table of Contribution level ,fixed monthly pension of Rs.1000 per month to subscriber and his spouse and return of corpus to nominees of subscribers and the contribution period under Atal Pension Yojana-APY

B. Table of Contribution level ,fixed monthly pension of Rs.2000 per month to subscriber and his spouse and return of corpus to nominees of subscribers and the contribution period under Atal Pension Yojana-APY

C. Table of Contribution level ,fixed monthly pension of Rs.3000 per month to subscriber and his spouse and return of corpus to nominees of subscribers and the contribution period under Atal Pension Yojana-APY

D. Table of Contribution level ,fixed monthly pension of Rs.4000 per month to subscriber and his spouse and return of corpus to nominees of subscribers and the contribution period under Atal Pension Yojana-APY

E. Table of Contribution level ,fixed monthly pension of Rs.5000 per month to subscriber and his spouse and return of corpus to nominees of subscribers and the contribution period under Atal Pension Yojana-APY

To check 3 Social Plan (PMSBY, PMJJBY & APY) details, consent application forms, claims forms (in regional language e,g hindi, bengali, odishi, tamil, telugu, marathi, gujarati, malayalam, kannada etc) , simply go through below given official website link . If you any more questions, simply like our Jobrule Facebook Page and drop your quaries/questions to get quick answers. Have a great day !

Click Here to get APY Scheme Details (Pdf file). Click
Here
to get all other details

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