Atal Pension Yojna

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Atal Pension Yojana

Atal Pension Yojna

BGGB is registered with PFRDA as POP (Point of Presence) for NPS under All Citizen Scheme and as Aggregator for the purpose of processing APY accounts.

Individuals between the age of 18 to 40 can visit our nearest Branch with ID proof, Address Proof and Age Proof to fill the form for registration under the scheme. Saving Bank account is mandatory for subscribing under the scheme.

Benefits

  • Atal Pension Yojana is a Social Security Scheme introduced by Govt. of India, aimed at providing a steady stream of income after the age of 60 to all citizens of India. It is based on National Pension Scheme (NPS) frame work. Permanent Retirement Account Number (PRAN) will be provided to the subscriber immediately by the Branch.
  • Under APY the subscribers have a choice to get Fixed monthly Pension amount from Rs. 1000/-, Rs.2000/-, Rs. 3000/-, Rs. 4000/- and Rs. 5000/- by paying monthly subscription as per the table given below:

    Age of Entry Years of Contribution Monthly pension of Rs1000 Monthly pension of Rs 2000 Monthly pension of Rs 3000 Monthly pension of Rs 4000 Monthly pension of Rs 5000
    18 42 42 84 126 168 210
    19 41 46 92 138 183 228
    20 40 50 100 150 198 248
    21 39 54 108 162 215 269
    22 38 59 117 177 234 292
    23 37 64 127 192 254 318
    24 36 70 139 208 277 346
    25 35 76 151 226 301 376
    26 34 82 164 246 327 409
    27 33 90 178 268 356 446
    28 32 97 194 292 388 485
    29 31 106 212 318 423 529
    30 30 116 231 347 462 577
    31 29 126 252 379 504 630
    32 28 138 276 414 551 689
    33 27 151 302 453 602 752
    34 26 165 330 495 659 824
    35 25 181 362 543 722 902
    36 24 198 396 594 792 990
    37 23 218 436 654 870 1,087
    38 22 240 480 720 957 1,196
    39 21 264 528 792 1,054 1,318
    40 20 291 582 873 1,164 1,454
  • Central Government will co-contribute 50% of the total yearly contribution or Rs. 1000 /- per annum, whichever is lower, for the period of 5 Years in the account of subscribers who join the scheme up to 31st December 2015 and who are not a member of any Statutory Social Scheme and not an Income tax payer.
  • Subscribers joining APY scheme at an early stage of age would be required to pay lesser monthly subscription amount as compared to the subscriber joining at a later age as illustrated in the above table.
  • Our NPS-Lite Swavalamban subscribers, if eligible i.e. between the age of 18 to 40, may shift to APY by filling the APY Registration form for Existing Swavalamban Subscribers.
  • Nomination facility is available.

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