Atal Pension Yojana Scheme Explained

Objective of Atal Pension Yojana Scheme

Who is not Eligible for Government Co-contributions?

6 Benefits of Atal Pension Yojana Scheme

4 Salient Features of Atal Pension Yojana Scheme

Monthly Contribution and Expected Return in Atal Pension Yojana

Monthly Pension of ₹1,000

The monthly contribution in this scheme will range from ₹42 to ₹264. As part of Atal Pension Yojana death benefits, the appointed nominee will receive up to ₹1.7 lakh after the primary applicant’s expiry.

Starting Age (Years of Contribution)

Monthly Contribution

Expected Return

18 (42 years)

₹42

₹1.7 lakh

25 (35 years)

₹76

₹1.7 lakh

32 (28 years)

₹138

₹1.7 lakh

39 (21 years)

₹264

₹1.7 lakh

Monthly Pension of ₹2,000

If you opt for the monthly pension option of ₹2,000, your monthly payment will range from ₹ 84 to ₹528. Your nominee will receive up to ₹3.4 lakh at the end.

Starting Age (Years of Contribution)

Monthly Contribution

Expected Return

18 (42 years)

₹84

₹3.4 lakh

25 (35 years)

₹151

₹3.4 lakh

32 (28 years)

₹276

₹3.4 lakh

39 (21 years)

₹528

₹3.4 lakh

Monthly Pension of ₹3,000

If you opt for this pension scheme, a monthly payment of around ₹126 to ₹792 will be debited from your account. The nominee will receive up to ₹5.1 lakh.

Starting Age (Years of Contribution)

Monthly Contribution

Expected Return

18 (42 years)

₹126

₹5.1 lakh

25 (35 years)

₹226

₹5.1 lakh

32 (28 years)

₹414

₹5.1 lakh

39 (21 years)

₹792

₹5.1 lakh

Monthly Pension of ₹4,000

In this case, you must make a monthly contribution ranging from ₹168 to ₹1,054 to get a maximum nominee return of up to ₹6.8 lakh.

Starting Age (Years of Contribution)

Monthly Contribution

Expected Return

18 (42 years)

₹168

₹6.8 lakh

25 (35 years)

₹301

₹6.8 lakh

32 (28 years)

₹551

₹6.8 lakh

39 (21 years)

₹1,054

₹6.8 lakh

Monthly Pension of ₹5,000

The monthly premium in this option ranges from ₹210 to ₹1,318 to get a maximum nominee return of up to ₹8.5 lakh.

Starting Age (Years of Contribution)

Monthly Contribution

Expected Return

18 (42 years)

₹210

₹8.5 lakh

25 (35 years)

₹376

₹8.5 lakh

32 (28 years)

₹689

₹8.5 lakh

39 (21 years)

₹1,318

₹8.5 lakh

From the above table, you can understand that the maturity benefits of Atal Pension Yojana primarily constitute a monthly allowance after retirement.

Keeping all these details of Atal Pension Yojana in mind, you can easily apply under this scheme to enjoy financial independence in your old age. Also, watch out for the latest Government notifications to keep yourself updated on the changes following this Atal Pension Yojana scheme.

Frequently Asked Questions