Atal Pension Yojana Chart: Your Ultimate Guide to APY Scheme

Atal Pension Yojana Chart (APY) Are you looking for a reliable and hassle-free pension scheme? Look no further than the Atal Pension Yojana (APY) scheme, which is specifically designed to provide a sustainable income after retirement. The government of India launched the APY Chart: APY Scheme Comprehensive Guide in 2015 to encourage unorganized sector workers to save for their future. In this comprehensive guide, we will walk you through everything you need to know about the Atal Pension Yojana Chart: APY Scheme Comprehensive Guide, from its features and benefits to eligibility criteria, contribution chart, and much more.

What is Atal Pension Yojana?

Atal Pension Yojana is a government-backed pension scheme that aims to provide a regular income to workers in the unorganized sector after they retire. The scheme was launched by the Government of India in June 2015 and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Atal Pension Yojana Calculator

The Atal Pension Yojana calculator is a tool that helps individuals calculate the monthly contribution they need to make to the scheme to receive a fixed pension amount after they retire. The calculator takes into account various factors such as age, pension amount, and contribution period to provide an estimate of the monthly contribution required.

Atal Pension Yojana Details

The Atal Pension Yojana provides a fixed pension amount to individuals after they retire. The amount of pension received depends on the contribution made by the individual and the age at which they start contributing to the scheme. The scheme provides pension benefits to individuals aged between 18 and 40 years.

Atal Pension Yojana Benefits

The Atal Pension Yojana provides several benefits to individuals, such as a fixed pension amount after retirement, a death benefit to the nominee in case of the individual’s death, and a guaranteed pension to the spouse after the individual’s death.

Atal Pension Yojana Eligibility

To be eligible for the Atal Pension Yojana, an individual must be between 18 and 40 years of age and should not be covered under any other statutory social security scheme. The individual should have a savings bank account and should be able to contribute to the scheme regularly.

Atal Pension Yojana Age Limit

The Atal Pension Yojana scheme is available to individuals aged between 18 and 40 years. Individuals who join the scheme at the age of 18 will have to contribute to the scheme for 42 years to receive the maximum pension amount.

APY Subscriber Registration Form

Individuals can apply for the Atal Pension Yojana by filling out the application form available at the bank where they hold a savings account. The form requires individuals to provide their personal and bank details and choose the pension amount they wish to receive after retirement.

Atal Pension Yojana Form in PDF

The Atal Pension Yojana form is available in PDF format on the official website of the scheme. Individuals can download the form, fill it out, and submit it to their bank along with the necessary documents to apply for the scheme.

Eligibility Criteria for Atal Pension Yojana

To be eligible for the Atal Pension Yojana scheme, an individual must:

• Be an Indian citizen
• Be between 18 and 40 years of age
• Have a savings bank account
• Not be a member of any other statutory social security scheme
• Have a valid Aadhaar card

Benefits of Atal Pension Yojana

The Atal Pension Yojana scheme offers several benefits, including:

• A fixed pension amount after retirement, ranging from Rs. 1000 to Rs. 5000 per month
• Government contribution of 50% of the total contribution or Rs. 1000 per annum, whichever is lower, for a period of 5 years for
• subscribers who joined the scheme between June 1, 2015, and December 31, 2015
• Tax benefits under Section 80CCD of the Income Tax Act, 1961, for contributions made to the scheme
• Flexibility in contribution amount, which can be chosen as per the desired pension amount and age of entry into the scheme

How to Apply for Atal Pension Yojana Online

• To apply for the Atal Pension Yojana scheme, an individual can follow the below steps:
• Visit the official website of Atal Pension Yojana (https://www.npscra.nsdl.co.in).
• Click on the ‘APY Registration’ tab and fill in the required details, such as name, date of birth, savings bank account details, Aadhaar number, etc.
• Choose the pension amount and contribution frequency as per the desired pension amount and age of entry.
• Submit the form and pay the first contribution amount online or through a bank.

Atal Pension Yojana Chart PDF

The contribution amount for the Atal Pension Yojana scheme depends on the desired pension amount, age of entry, and the number of years of contribution. The below table summarizes the monthly contribution amount for various pension amounts and age of entry:

What is the Atal Pension Yojana chart?

The Atal Pension Yojana chart is a graphical representation of the contribution amount and pension benefits under the scheme. The chart provides a clear understanding of the contribution amount that the subscribers have to pay to avail of the pension benefits under the scheme. It also provides the pension benefits that the subscribers will receive at the age of 60 years, depending on their contribution amount and age at the time of joining.

How does Atal Pension Yojana work?

Under the Atal Pension Yojana, subscribers can contribute a fixed amount every month until they reach the age of 60 years. The amount of monthly contribution depends on the age at which the subscriber joins the scheme and the amount of pension they wish to receive. The pension amount is fixed based on the contribution made and the age of the subscriber at the time of joining the scheme.

Components of the Atal Pension Yojana Chart

The Atal Pension Yojana chart comprises two essential components:

Contribution Amount: The contribution amount is the amount that the subscribers have to pay to avail of the pension benefits under the scheme. The contribution amount varies depending on the age of the subscriber at the time of joining and the pension amount chosen.

Pension Benefits: The pension benefits are the guaranteed monthly pension amount that the subscribers will receive at the age of 60 years, depending on their contribution amount and age at the time of joining.
Calculation methodology of the Atal Pension Yojana chart
The calculation methodology of the Atal Pension Yojana chart is simple and easy to understand. The contribution amount and pension benefits under the scheme depend on the age of the subscriber at the time of joining and the chosen pension amount.

Here’s how the Atal Pension Yojana chart calculation works:

• The subscribers have to choose the pension amount they want to receive at the age of 60 years, ranging from Rs. 1,000 to Rs. 5,000 per month.
• The contribution amount varies depending on the age of the subscriber at the time of joining and the chosen pension amount.
• The subscribers have to pay the contribution amount monthly, quarterly, or half-yearly, at their convenience.
• The contribution period under the scheme is 20 years, which means that the subscribers have to pay the contribution amount for 20 years.
• After the contribution period of 20 years, the subscribers will receive the guaranteed monthly pension amount, depending on their contribution amount and age at the time of joining.

Atal Pension Yojana chart 2023

The Atal Pension Yojana Chart 2023 is the latest version of the chart that provides the contribution amount and pension benefits under the scheme for the year 2023. The chart is available in both PDF and Excel formats and can be downloaded from the official website of the Pension Fund Regulatory and Development Authority (PFRDA).

The Atal Pension Yojana chart 2023 is significant for the subscribers as it helps them plan their contributions and understand the pension benefits they will receive at the age of 60 years.

Atal Pension Yojana chart in Hindi

The Atal Pension Yojana chart is available in both English and Hindi languages. The Hindi version of the chart is significant for subscribers who prefer to read and understand the scheme details in Hindi.

FAQs

Who is eligible to join the Atal Pension Yojana?
Ans: Any Indian citizen between the age of 18 and 40 years can join the scheme.

How much pension can I receive under the Atal Pension Yojana?
Ans: The pension amount ranges from Rs. 1,000 to Rs. 5,000 per month, depending on the contribution amount and age at the time of joining.

How can I download the Atal Pension Yojana chart?
Ans: The Atal Pension Yojana chart was downloaded from the official website of the Pension Fund Regulatory and Development Authority (PFRDA).

Is the Atal Pension Yojana a good investment option for retirement planning?
Ans: Yes, the Atal Pension Yojana is an excellent investment option for retirement planning, especially for the unorganized sector workers who do not have access to formal pension schemes.

Can I exit the Atal Pension Yojana scheme before the completion of the contribution period of 20 years?
Ans: Yes, the subscribers can exit the scheme before the completion of the contribution period of 20 years, but they will receive only the contribution amount paid by them, without any interest.

conclusion

In conclusion, the Atal Pension Yojana chart is an essential tool for understanding the contribution amount and pension benefits under the scheme. The scheme is a great initiative by the government of India to provide financial security to unorganized sector workers. The subscribers should plan their contributions carefully and use the Atal Pension Yojana chart to understand the pension benefits they will receive at the age of 60