{APY Chart } Atal pension Yojana 2021 – Apply Online …
The Atal Pension Yojana 2021 (APY) was started by the Prime Minister of our country Shri Narendra Modi on 1st June 2015. Under this scheme, after the age of 60 years of the beneficiaries, an amount ranging from Rs 1000 to Rs 5000 will be given as a pension. Under Atal Pension Yojana, the amount of pension will be decided according to the age and investment made by the beneficiaries.
In Atal Pension Yojana 2021, not only can you be entitled to more pension every month by depositing less amount, but you can also get the benefit of it to your family in case of untimely death. To get more information about this scheme like Amount Chart, Registration Process, Eligibility, Required Documents, etc.
Atal Pension Yojana 2021 (APY)
The applicant applying under this scheme will have to deposit the premium every month. After that, after the completion of 60 years of age of the applicant, financial assistance will be provided in the form of monthly pension in old age. To apply in Atal Pension Yojana, the age of the beneficiaries should be 18 to 40 years, only then they can take advantage of this scheme.
If a beneficiary wants to join this scheme at the age of 18, then he will have to pay a premium of Rs 210 every month and those who are 40 years old then they will have to pay a premium of Rs 297 to Rs 1,454. Get a monthly pension of ₹ 10000 by investing under Atal Pension Yojana 2021.
As you all know Atal Pension Yojana was started to provide pensions to old citizens. An amount ranging from ₹ 1000 to ₹ 5000 is provided as a pension through this scheme. This amount is provided on the investment made by the beneficiaries. Citizens of the country will be able to get a fixed pension after 60 years of age through this scheme. The maximum amount of pension under this scheme is ₹ 5000.
An amount up to ₹ 10000 can be obtained through this scheme by investing separately by both husband and wife. This information has been provided by the Pension Fund Regulatory and Development Authority.
This scheme was started for the citizens of the unorganized sector. To get the benefit of this scheme, it is mandatory for the beneficiary to have a savings account with the bank. To get the benefit of Atal Pension Yojana, the age of husband and wife should be between 18 to 40 years.
Pradhan Mantri Atal Pension Yojana 2021(APY)
After investing in APY 2021, the beneficiaries will get a pension every month after the age of 60 years. With this pension, the beneficiary can live his life well. Under this scheme, if the beneficiary dies, then the pension amount given to the beneficiary will be given to the half-wife (wife) of the candidate and if both (husband, wife) dies, then this pension amount will be given to the mentioned nominee. The Pension Fund Regulatory and Development Authority (PFRDA) acts as a nodal agency.
The Central Government’s ‘Atal Pension Yojana 2021’ has completed 5 years. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA). According to PFRDA, so far 2.23 crore female and male people are involved in this scheme. Under this Prime Minister Atal Pension Yojana, women and men above 60 years of age have been provided pension every month for these 5 years, this year on 9 May 2020, the number of people registered under the scheme increased to 2,23,54,028. | This scheme has proved to be very beneficial for the people of the country. Under this scheme, the ratio of male-female in these five years has been 57:43.
Atal Pension Yojana Key Facts
- Atal Pension Yojana was launched by the Central Government in May 2015.
- Through this scheme, you can get a pension every month even after retirement.
- This scheme is for all the employees working in the unorganized sector.
- To take advantage of this scheme, you have to invest for 20 years.
- You can make this investment from the age of 18 to the age of 40.
- The amount of pension is provided to you after the age of 60 years.
- Under this scheme, pensions of 1000, 2000, 3000 and 5000 can be obtained.
- The amount of pension depends on the premium you have paid every month and the age at which you start investing.
- If you are 20 years old and you want to get a pension of ₹ 2000 then you have to pay a premium of ₹ 100 per month and if you want to get a pension of ₹ 5000 then you have to pay a premium of ₹ 248 per month.
- If you are 35 years old and want to get a pension of ₹2000, then you have to pay a premium of ₹362 and to get a pension of ₹5000, you have to pay a premium of ₹902.
- Along with your investment, 50% of the amount under this scheme will also be paid by the government.
- If the account holder dies before the age of 60 years, then the benefit of this scheme will be provided to the family of the account holder.
- It is mandatory to have a bank account to take advantage of this scheme.
- Only those citizens who are outside the income tax slab can avail the benefit of Atal Pension Yojana.
Benefits of APY 2021
- Only the people of India can take advantage of this scheme.
- Under Atal Pension Yojana, monthly pension ranging from Rs 1000 to Rs 5000 will be provided by the central government only after the completion of 60 years of age.
- Under Atal Pension Yojana, the amount of pension will be provided only on the basis of age and investment made by the beneficiaries.
- Like the PF account, the government will also contribute on its behalf in this pension scheme.
- If you want a pension of Rs 1000 per month and you are 18 years old, then you have to deposit a premium of Rs 210 every month for 42 years.
- At the same time, people who are 40 years old will have to pay a premium of Rs 297 to Rs 1,454. Only after that he can take advantage of APY 2021.
Status of non-contribution under Atal Pension Yojana
If the applicant does not contribute under Atal Pension Yojana, then his account will be frozen after 6 months. If even after this the investor has not made an investment, then after 12 months his account will be deactivated and after 24 months his account will be closed. If the applicant fails to make the payment on time, he will have to pay a penalty. This penalty ranges from ₹1 to ₹10 per month.
Atal Pension Yojana 2021 Highlights
| Sl No. | Scheme Names | Details |
| 01 | Scheme Name | Atal Pension Yojana |
| 02 | Date of Launched | The 2015 Years |
| 03 | Started by | Central Government |
| 04 | Beneficiary | People from the Unorganized Sectors of the Country |
| 05 | Objective | Provide Pension |
Benefit of Under Atal Pension Yojana 2021
Atal Pension Yojana 2021 was launched to provide pensions to the unorganized sector employees. Through this scheme, a pension of ₹ 1000 to ₹ 5000 is provided every month according to the investment of the applicant on completion of 60 years of age. Tax benefits will also be provided to the customers under this scheme.
This information has been provided by the Pension Fund Regulatory and Development Authority through a tweet. In this tweet, it has been told that all those income taxpayers who come within the age of 18 to 40 years can take advantage of this scheme and along with this, all the income taxpayers made in this scheme under section 80CCD (1b) of the Income Tax Act. You can also get benefits on contributions.
To get the benefit of this scheme, it is mandatory for the customer to have a savings bank account or post office savings account. Atal Pension Yojana has also been included in Section 7 of the Aadhaar Act. All those citizens who want to apply under this scheme will have to submit proof of their Aadhaar number or will have to undergo enrollment under Aadhaar authentication.
Atal Pension Yojana 2021 Transaction Details
You all know that Atal Pension Yojana was started for the citizens of the unorganized sectors. It is a retirement pension plan. Beneficiaries have to pay a premium under this scheme. Now the Atal Pension Yojana mobile application has been started by the government. Through this mobile application, now the beneficiaries of Atal Pension Yojana can check the recent five donations free of cost.
Along with this, the transaction details and e-PRAN can also be downloaded. Beneficiaries can also visit the official website of Atal Pension Yojana to view their transaction details. They have to log in to this website. For which they will have to give their PRAN and savings bank account details. If the PRAN number is not available, then the beneficiary can also log in to his account through his name, account, and date of birth.
Under this scheme, there is also a provision of tax benefit under section 80CCD(1) of the Income Tax Act 1961. Transaction amount, the total holding of member amount, transaction details etc. can also be viewed under Atal Pension Yojana through UMANG App.
Atal Pension Yojana 2021 Of Objective
The main objective of this scheme is to secure the future by giving pensions to the workers of the unorganized sectors and to make them self-reliant. It is a social security scheme whose objective is to provide social security to the beneficiaries joining the scheme. People have to be empowered through PM Atal Pension Yojana.
Age of Atal Pension Yojana 2021
As you all know Atal Pension Yojana is a type of pension which is provided after retirement. The account holder can take advantage of this scheme after the age of 60 years. For this, the account holder will have to provide the contribution amount till the age of 60 years. Under Atal Pension Yojana, the account holder before 60 years cannot exit from the scheme. But in certain circumstances such as in case of illness or death, exit from Atal Pension Yojana can be done.
Atal Pension Yojana 2021 Withdrawal
- On attainment of 60 years of age: The subscriber can withdraw from Atal Pension Yojana after 60 years of age. In this situation the pension will be provided to the subscriber after the pension is withdrawn.
- In the event of death of the subscriber: If the subscriber dies, the amount of pension will be provided to the spouse of the subscriber. And if both of them die then the pension corpus will be returned to their nominee.
- Withdrawals before 60 years of age: Withdrawals before 60 years are not allowed from Atal Pension Yojana. But in some exceptional circumstances it has been allowed by the department. For example, if the beneficiary dies or in the event of a terminal stoppage.
Fee in case of default under Atal Yojana
| Sl No. | Contribution | Fee |
| 01 | For Contribution up to ₹100 per month | Rs- 01 |
| 02 | For Contribution of ₹ 101 to ₹ 500 per month | Rs- 02 |
| 03 | For Contribution of ₹ 501 to ₹ 1000 per month | Rs- 05 |
| 04 | For Contribution above ₹1001 | Rs- 10 |
How to apply for Atal Pension Yojana 2021?
- Atal Pension Yojana online application form is available on APY Registration form and APY official website.
- The interested person who wants to apply under the Prime Minister Atal Pension Yojana should first open his savings account in any national bank.
- After that fill in all the information asked in the application form for Prime Minister Atal Pension Yojana like Aadhar card, mobile number etc.
- After filling the application form, submit it to the bank manager. After this your bank account will be opened under Atal Pension Yojana after verifying all your letters.
Atal Pension Yojana 2021 without Mobile App or Net Banking
Procedure to open an account under Atal Pension Yojana without Mobile App or Net Banking All those who have a bank account but are not using net banking or mobile app. Soon it will be easy for them to open an account under Atal Pension Yojana. Soon the onboarding process will be eased by the Pension Fund Regulatory and Development Authority, allowing existing savings account holders to start alternate channels for on-boarding. Through this channel, now the account holder can open his account under Atal Pension Yojana without the mobile app and net banking.
Earlier, the account under Atal Pension Yojana 2021 could be opened only through mobile app and net banking. But now due to this new step account holders can open their account without the mobile app and net banking.
If you want to open an account under Atal Pension Yojana then you have to approach the bank where you have your savings account. From there you have to get the registration form. After this, you have to submit this registration form to the same bank by filling all the information asked in the registration form and attaching all the important documents to the registration form. You will also have to give a valid phone number along with the form on which you will get all the s.m.s. will be received.
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