Atal Pension Yojana (APY)
If you are between 18-40 years, you and your spouse can avail the benefit of a minimum guaranteed pension at the age of 60 years by joining Atal Pension Yojana (APY) which is implemented through all banks in the country.
Benefits under APY:
- Choice of guaranteed minimum pension between Rs.1000-5000 for the subscriber after the age of 60 years.
- Govt. of India co-contributes* 50% of the total contribution or Rs. 1000 per annum, whichever is lower for 5 years who joins the scheme before 31st Dec, 2015.
- Spouse gets the minimum guaranteed pension of Rs 1000-5000 after death of subscriber.
- The nominee is paid with the indicative pension corpus of Rs 1.7 to 8.5 lakh after death of both subscriber and spouse
The complete scheme details enclosed at the attachment.
To subscribe, please contact your Bank branch immediately. For further details, call 1800-110-069.
* Government co-contribution is available for those who are not covered under any Statutory Social Security Schemes and for non-income tax payee.
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