It is now a major social security scheme of the Indian government.
The Pension Fund Regulatory and Development Authority has started a web page to create awareness about the scheme. Apart from Hindi and English, information is available in 21 regional languages.
Atal Pension Yojana Subscriber Benefits
This is a pension guaranteed by the Government of India. That means from the age of 60 you will get a lifetime monthly pension with a minimum pension amount of Rs 1000. Maximum pension is Rs 5000 per person per month. It depends on the individual’s investment. The same pension is paid to the spouse after the death of the subscriber.
After the death of the spouse, the amount is returned to the nominee.
How to Apply for Atal Pension Yojana
All nationalized banks can join the scheme. The application form can be downloaded from the official website.
Fill the application form and submit it to the bank.
Only photocopy of te Aadhaar card needs to be submitted along with the application.