Atal Pension Yojana (APY) Latest Interest Rate [October] 2021& Age Limit

Atal Pension Yojana 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 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. read this article carefully till the end.

Atal Pension Yojana Details

The following are some of the key features of the Atal Pension Yojana:

1. Available for subscription to all Indians in the age group of 18 years to 40 years.
2. Pension will start after the subscriber attains the age of 60 years.
3. Pension amount can be selected as monthly Rs. 1000, Rs. 2000, Rs. 3000, Rs. 4000 and Rs. 5000. Contribution amounts will be calculated accordingly.
4. Bank account is mandatory for the scheme and deposit amount is auto-debited from the account periodically.
5. Contributions made into the Atal Pension Yojana are eligible for tax deduction under Section 80CCD.

How to Apply for Atal Pension Yojana?

Follow these steps to avail the benefits of APY

1. All nationalized banks provide the scheme. You can visit any of these banks to start your APY account.
2. Atal Pension Yojana forms are available online and at the bank. You can download the form from the official website.
3. The forms are available in English, Hindi, Bangla, Gujarati, Kannada, Marathi, Odia, Tamil, and Telugu.
4. Fill up the application form and submit it to your bank.
5. Provide a valid mobile number, if you haven’t already provided to the bank.
6. Submit a photocopy of your Aadhaar card.

You will be sent a confirmation message when the application is approved.

Benefits of Atal pension Yojana(APY) 2021

1. Only the people of India can take advantage of this scheme.
2. 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.
3. Under Atal Pension Yojana, the amount of pension will be provided on the basis of age and investment made by the beneficiaries.
4. Like the PF account, the government will also contribute on its behalf in this pension scheme.
5.  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.
6. 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 .

Important Documents (Eligibility) of Atal Pension Yojana 2021

1. Applicant must be an Indian citizen.
2. The age of the candidate should be 18 to 40 years.
3. Applicant should have bank account and bank account should be linked with Aadhar card.
4. applicant’s aadhar card
5. mobile number
6. identity card
7. proof of permanent address
8. Passport size photo