Atal Pension Yojana

  • Govt of India’s minimum guaranteed pension scheme of Rs 1000- Rs 5000.
  • Eligible for all Indian Citizens between the ages of 18-40 .
  • Minimum guaranteed pension for subscriber.
  • Minimum guaranteed pension for spouse after Subscriber’s death.
  • Nominee receives Pension wealth for Rs 1.70 lac to 8.50 lac after the death of subscriber and spouse.
  • Tax benefit under 80 CCD(1B) , over and above Rs 1.50 lakh under 80C of Income Tax Act 1961.
  • Both husband and wife & all eligible family members can open APY for getting higher pension for the family.
  • From 1st October 2022, any citizen who is or has been an income-tax payer (Income-tax Act,1961), shall not be eligible to open new APY account.