Atal Pension Yojana (APY) is a pension scheme for citizens of India focussed on the unorganised sector workers. Under the APY, guaranteed minimum pension of ₹ 1,000/-, 2,000/-, 3,000/-, 4,000/- and 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.
All savings bank account holders in the age 18 to 40 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only. Aadhar would be the primary KYC for the bank account.
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