Atal Pension Yojana 2022 – APY Scheme Benefits, Apply Online, Registration Form Check Statement

Atal pension yojana (apy scheme) is one of the best pension schemes in India. Multiple benefits of this scheme, make it the number one choice among various other options. Interested applicants can login to apy website and apply online for the atal pension scheme 2022. Along with that, the atal pension website allows you to check the statements and other options.

With the full integration of the Pradhan Mantri Jan Dhan Yojana and the continued availability of banking benefits through the introduction of a zero balance account, the honorable Finance Minister of India, Mr. Arun Jaitley enacted and cleared a National Pension Scheme (NPS) widely recognized as Atal Pension Yojana (“APY”) in the Union Budget of 2015-16.

What is the Atal pension yojana scheme?

The Atal Pension Yojana or the APY scheme is a pension plan aimed mostly at unorganized workers like servants, handymen, and deliverymen. The former Swavalamban Yojana, which was not well received by the public, was replaced by this plan.

The scheme’s objective is to guarantee that no Indian in their old age needs to be concerned about sickness, mishaps, or illnesses by providing a sense of financial security. Workers in the informal sector or those who work for a company that does not offer a pension plan can also apply for the Atal Pension Yojna scheme.

Atal pension yojana APY Benefits

When you reach the age of 60, you have the choice of receiving a regular pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000, or Rs 5000. The amount of the income will be decided by the individual’s age and the total contributions made. When a person dies, his or her spouse is entitled to the income, and when both the contributor and his or her spouse die, the nominee is entitled to the accrued corpus. If the person dies before reaching the age of 60, the spouse has the choice of either exiting the program and claiming the corpus or continuing the program for the remainder of the term.

The deposited funds under the APY Scheme will be handled by the Pension Funds Regulatory Authority of India (“PFRDA”), according to the government’s investment pattern.

All qualifying subscribers who registered during June 2015 and December 2015 for a period of five years, i.e., for financial years 2015-16 to 2019-20, would get a co-contribution of 50% of the entire contribution, or Rs. 1000 per year, whichever is lesser. To qualify for this co-contribution, subscribers must not be enrolled in any other federal welfare schemes (for example, employee’s provident fund) or pay any income tax.

What is the eligibility to apply for the Atal pension yojana?

If you are looking to avail the benefits of Atal pension yojana, there are a few prerequisites that every applicant must fulfill. Let us take a look at each one by one

  • You must be an Indian citizen.
  • You must be between the ages of 18 and 40 years old.
  • Contributions should be made for at least 20 years.
  • You would have to have a savings account that is connected to your Aadhar number.
  • A valid mobile phone number is required as well to receive all official notifications.

Atal Pension Yojana Apply Online

  • The plan is available at all nationalised banks. You can apply online for an APY account with any of these banks.
  • Applications for the Atal Pension Yojana are accessible both on the internet as well as with the bank. The form may be downloaded from the official website or Net Banking app of your bank.
  • The form is available in a number of Indian regional languages as well as in English.
  • Complete the application and send it to your bank.
  • If you haven’t previously done so, supply a valid mobile phone number.
  • Make a duplicate of your Aadhaar card and send it in as well.
  • The applicant will receive a confirmation message as soon as their account has been created for the Atal pension yojna.

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Atal Pension Yojana Registration Form 2022, Apply Online (SBI, PNB, HDFC all banks)

Customers of any bank (SBI, PNB, HDFC, ICICI, BOB, etc.) have the liberty to apply online. They can fill in the registration form at the bank’s website normally using net banking. To explain the process, we have included the process to apply for APY Scheme 2022 for SBI customers

The following steps are to be replicated by customers of the State Bank of India. If you have an account with any other bank, the procedure should be similar.

  • Visit SBI’s YONO app and login into your account
atal pension scheme apy
  • Navigate to the section of Government Schemes
sbi atal pension apply
  • Select the option for Atal Pension Yojana
state bank of india atal pension yojana form
  • Now you will be offered to agree with a disclaimer on the app that will redirect you to the new page.
atal pension yojana registration 2022
  • Login with your credential to the browser version of the Internet banking services
yonosbi atal pension
  • From the left drop-down menu, navigate to the option of e-Services
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  • Scroll down to find the option of Social Security Schemes
apply
  • Now select the Atal Pension Yojana (APY) option in the drop-down.
apy apply
  • Now add all personal details and the information for the nominee
fill details
  • The final step is to select the pension amount and contributions. Click on Submit after you are satisfied with the outcome of the monthly income.
atal pension form 2022

The above-mentioned steps are mentioned for the users of the SBI and if you are having your account with any other nationalized bank, the steps should be similar, however, it is advised that you get in touch with your bank for the steps or use their online banking services to apply for the Atal Pension Yojana and get started immediately.

How to Check Atal Pension Statement

Subscribers of the Atal pension scheme can check statements online. Here are the steps to check:

  • Visit the official page
  • Now choose the option, search with or without PRAN
  • Enter the asked information, enter the captcha code and click on “Submit”
  • Now, you will be able to check the statement

Important

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