APY Form PDF

APY Form

The Atal Pension Yojana (APY) is a government-backed pension scheme in India aimed at providing a defined pension to workers in the unorganized sector.

The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) and offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month, depending on the contribution amount and the age of joining the scheme.

Eligibility Criteria for Atal Pension Yojana (APY)

• Age Limit: The applicant must be between 18 and 40 years of age. This means that the minimum age to join the scheme is 18 years, and the maximum age is 40 years.
• Bank Account: The applicant must have a savings bank account or a post office savings account. The contributions will be auto-debited from this account periodically.
• Aadhaar: It is recommended (but not mandatory) to provide your Aadhaar number for KYC (Know Your Customer) verification and to ensure the smooth functioning of the account. However, Aadhaar is mandatory for receiving government co-contributions.
• Unorganized Sector Worker: The scheme primarily targets workers in the unorganized sector, such as laborers, domestic workers, and other similar occupations. However, any Indian citizen within the age limit can join APY, even if they are working in the organized sector or are self-employed.
• Contribution Period: The applicant should be willing to contribute to the scheme until they reach the age of 60. The longer the contribution period, the higher the pension benefits.
• Income Tax Payers: Initially, income tax payers were excluded from the scheme. However, now, any citizen, whether they are income tax payers or not, can join APY.
• Existing Pension Scheme: If the applicant is already enrolled in any other statutory social security scheme (such as Employees’ Provident Fund Organization (EPFO), Employees’ State Insurance Corporation (ESIC), etc.), they are still eligible to join APY.

How to Fill Out the APY Application Form

• The form can be obtained from your bank branch or downloaded from the official website of PFRDA or your bank’s website.
• Fill in the Basic Information
• Bank Account Details
• Personal Details:
  • Date of Birth: Provide your date of birth in DD/MM/YYYY format.
  • Aadhaar Number: Enter your Aadhaar number for identification and KYC purposes.
  • Marital Status: Indicate whether you are married or single
• Nominee Details:
  • Nominee Name: Enter the name of the person you wish to nominate for your APY account.
  • Relationship with the Nominee: Mention your relationship with the nominee (e.g., spouse, child, etc.).
  • Date of Birth of Nominee: Provide the nominee’s date of birth.
  • Spouse’s Name (if applicable): If married, provide your spouse’s name.
• Pension Details: Pension Amount Choice: Select the amount of pension you wish to receive per month after retirement (₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000).
• Contribution Frequency:
  • Choose the frequency of your contributions (monthly, quarterly, or half-yearly).
• Read the declaration carefully, and then sign the form. If you are unable to sign, you can provide your thumb impression.

APY Contribution Chart

Here is a simplified version of the APY contribution chart:

Download APY Form PDF