Atal Pension Yojana: The biggest good news for those who invest in Atal Pension Yojana. In this scheme, pension can be received not 5000 but 10,000 rupees. The government is likely to make an announcement on February 1. The government can increase the amount received under this scheme to 10,000 rupees per month. Currently, people get a maximum pension of 5000 rupees per month.

According to sources, the government may approve a proposal to increase the pension available under the Atal Pension. The proposal is in the final stages. The government may announce an increase in pension under the Atal Pension in the Budget. The pension under the Atal Pension Scheme will not be Rs 5,000 but Rs 10,000. A government official told Moneycontrol that the proposal to increase the minimum pension guarantee to Rs 10,000 is in the final stages. There is almost a consensus on this.

This may be announced in the budget. The official said that the minimum pension amount may also be increased. This scheme has been designed to provide financial assistance to the weaker sections of the country after 60 years. What is Atal Pension Yojana? Prime Minister Narendra Modi launched this scheme on May 9, 2025. Atal Pension Yojana is a social security scheme and its objective is to provide financial security to the elderly, especially the poor and those working in the unorganized sector.

The scheme was named after former Prime Minister Atal Bihari Vajpayee. Currently, people who invest under this scheme get a pension of Rs 1,000 to Rs 5,000 after 60 years. 7 crore people joined the Atal Pension Yojana As of October 2024, the total enrollment of the Atal Pension Yojana in the financial year 2024-25 was more than Rs 7 crore. During this period, 56 lakh new subscribers were added to the scheme. So far, 7 crore people have joined the scheme. The Pension Fund Regulatory and Development Authority (PFRDA) has played a key role in promoting this scheme.

Benefits of Atal Pension Yojana Under this scheme, beneficiaries get a minimum guaranteed pension of Rs 1,000, 2,000, 3,000, 4,000 or 5,000 per month after the age of 60. The amount of pension depends on your contribution. For example, if someone starts saving money for a monthly pension of Rs 1,000 at the age of 18, he will have to contribute only Rs 42 per month. At the age of 40, for a monthly pension of Rs 5,000, a maximum monthly contribution of Rs 1,454 will be required.

The special feature of this scheme is that it provides ‘Complete Security Cover’. In case of death of the beneficiary, his/her spouse gets the same pension. After the spouse, the nominee gets the entire amount deposited till the age of 60 years. Eligibility The scheme is open to all Indian citizens between the ages of 18 and 40.

The applicant must have a bank account. People who pay income tax are not eligible for this scheme. The contribution amount varies depending on the amount of pension. How to apply? Offline method Go to your bank, where you have your savings account. Get the registration form from the bank or download it from their website. Fill in the correct information in the form and select the pension option. Submit your Aadhaar card and other necessary documents along with the form.

After the application is accepted, you will receive a message on your registered mobile number. Online Process Go to your bank portal or mobile banking app. Login with the login ID and password. Search for ‘Social Security Scheme’ or ‘Atal Pension Scheme’. Fill the application form and provide all the required information. Agree to auto-debit for monthly contributions. Before submitting the form, verify the information and then submit.

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If you are troubled by the tension of regular income in old age, then Atal Pension Yojana can be helpful for you. Through this you can arrange a pension of up to Rs 5000 for yourself. But only those people who are not taxpayers and whose age is between 18 years to 40 years can invest in it. In Atal Pension Scheme, the investor has to invest till he completes the age of 60 years and after that the pension starts.

But suppose a person starts investing in Atal Pension Yojana and dies after continuously investing for 10 to 15 years, then what will happen to his deposited amount. Will that amount be returned to the nominee or will his nominee be given pension benefits? Know what the rules are-

What is the rule if subscriber dies before 60?

According to Atal Pension Yojana, if the applicant investing in it dies due to some disease or accident before completing the age of 60 years, then his invested amount does not go waste. In such a situation, the spouse or nominee has the right to withdraw the entire amount deposited by the APY subscriber. Apart from this, if the spouse wishes, he can continue contributing to the APY account and receive pension after 60. The subscriber’s spouse will be entitled to receive the same pension amount that the subscriber was to receive.

What is the rule in case of death of a pensioner?

Whereas if a person taking the benefit of Atal Pension Yojana dies after completing the age of 60, then the same pension will be paid to his spouse and on the death of both the subscriber and the spouse, the amount is deposited till the age of 60 years. The pension amount will be returned to the nominee.

Apply for APY like this

If you also want to apply under Atal Pension Yojana, then first of all open a savings account in a bank. If you already have a savings account in the bank, then you will have to get the application form of the scheme from there. Fill all the information correctly in the form like name, age, mobile number, bank account number etc.

Attach all the necessary documents asked for. After this submit the form to the bank. After this all your documents will be verified and your account will be opened under Atal Pension Yojana.

GST Return Filing : Relief news, date for filing GST extended due to new process, no fine of Rs lakh will have to be paid

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This investment can be done monthly, quarterly or half-yearly. If you want to withdraw its money, then you can withdraw it through the methods mentioned here.

1. Atal Pension Yojana (APY) is a special pension scheme for the citizens of India, in which anyone can invest for retirement. Under APY, a minimum pension of Rs 1,000 or 2,000 or 3000 or 4000 or 5000 per month is guaranteed at the age of 60 years depending on the contribution made by the subscribers.

After 60 years of age- On completion of 60 years, the subscriber will submit a request to the concerned bank to receive Guaranteed Minimum Monthly Pension or Higher Monthly Pension, if the investment returns are more than the Guaranteed Returns embedded in APY.

On death of the subscriber, an equal amount of monthly pension is given to the spouse (default nominee). On the death of both the nominee subscriber and the spouse, the accumulated pension wealth is returned till the age of 60 years.

In case of death of subscriber due to any reason after 60 years- In case of death of subscriber, the pension will be given to the spouse and on the death of both of them (subscriber and spouse), the pension will be given to the subscriber till the age of 60 years. The pension amount deposited till the age will be returned to the nominee.

Exit before 60 years: Exit from the scheme before 60 years is not allowed. This can be permitted by PFRDA only in exceptional circumstances. That is, there is no provision for pre-mature exit in case of death or terminal illness etc. of the beneficiary.

On death of the subscriber before 60 years: Entire amount accumulated under APY will be returned to the spouse/nominee. However, pension will not be payable to the spouse/nominee. The government started NPS in 2004 for government employees.

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According to the data of the Ministry of Finance, till March 31, 2022, there were 362.77 lakh total subscribers of Atal Pension Yojana, which has increased to 453.42 lakh by March 4, 2023. That is, in the 11 months of the current financial year, there has been a jump of 28.46 percent in the number of subscribers of the Atal Pension Yojana.

During this period, 90,65000 new subscribers are associated with this scheme. Under the Atal Pension Yojana, as on March 31, 2022, the total asset under management was Rs 20,922.58 crore, which has increased to Rs 26,113.66 crore.

A continuous increase is being seen in the number of people joining the Atal Pension Yojana, the pension scheme of the Modi government. However, a major change has been made in the rules for joining new subscribers. From October 1, 2022, any citizen who has been paying income tax or pays income tax cannot subscribe to the Atal Pension Yojana.

Then the Finance Ministry said in its notification that if a person subscribes to the Atal Pension Yojana on or after October 1, 2022, and it is found that the person has been paying income tax on or before the day of application, then his pension The account will be closed and whatever pension wealth the person has accumulated from investments will be returned.

Atal Pension Yojana is an ambitious scheme of Modi Government which was launched in 2015. The objective of the scheme is to get pension in old age. People in the age group of 18 to 40 years can subscribe to Atal Pension Yojana. The applicant must have a bank account.

In this scheme, there is a provision of minimum pension ranging from Rs 1,000 to Rs 5,000 after the age of 60 years. If both husband and wife are added, they can get a pension of Rs 10,000 under the scheme. If the subscriber of the scheme dies, then the husband or wife will continue to get pension for life. And if both of them die, then the entire amount of pension will be given to the nominee.

Last year, the Central Government had told the Parliament that from 2035, the holders of the Atal Pension Yojana would start getting pension. Finance Minister Nirmala Sitharaman had said that the Atal Pension Yojana was launched on 9 May 2015. The minimum age to join the scheme is 18 and the maximum is 40 years. There is a provision to get pension to the subscriber of Atal Pension Yojana on attaining the age of 60 years. In such a situation, people will start getting the benefit of pension from 2035 under the Atal Pension Yojana.

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Pension scheme is being run by the UP government, under which you will continue to earn every month even after 60 years. The name of this scheme is UP Senior Citizen Pension Scheme. Under this scheme, Rs 800 is given to the beneficiaries every month. From the year 2017 till now, the government has transferred pension money to the accounts of more than 51 lakh elderly people. Keeping in mind the income of senior citizens, this decision has been taken by the government, so that these people do not have to depend on anyone for their medicines or needs.

To take advantage of this scheme, you must be a resident of UP. Also, your age should be more than 60 years. Your income should be less than Rs 56460 annually. Explain that the pension amount is transferred every quarter to the beneficiaries’ account. In this, the money of all the months is transferred together. DBT is done on the amount of pension, so that the money gets directly to the beneficiary.

You can apply for this scheme both online and offline. For this, you have to visit the official website of Uttar Pradesh Social Welfare Department https://sspy-up.gov.in/HindiPages/index_h.aspx.

Apart from this, if you have any kind of problem related to UP Senior Citizen Pension Scheme, then you can contact on toll free number 18004190001. Here you will get all the information in detail.

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What is special in Saral Pension Yojana?

• Let us tell you that the name of this scheme of LIC is Saral Pension Yojana which is a single premium pension plan.
• In this, the premium has to be paid once at the time of taking the policy.
• After this, you will continue to get pension for the whole life.
• If on the death of the policy holder, the amount of single premium is returned to his nominee.
• Saral Pension Yojana is an immediate annuity plan, that is, you start getting pension as soon as you take the policy.
• After taking this policy, the amount of pension that starts with, the same amount of pension is received for the whole life.

You can love the policy in these two ways 

Single Life- In  this the policy will be in the name of any one, as long as the pensioner is alive, he will continue to get pension, after his death the amount of base premium will be returned to his nominee.

Joint Life- In  this there is coverage of both the spouses. As long as the primary pensioners are alive, they will continue to get pension. After his death, his spouse will continue to get pension for life, after his death the amount of base premium will be handed over to his nominee. 

Who can take advantage of Saral Pension?

The minimum age limit for the benefit of this scheme is 40 years and the maximum is 80 years. Since this is a whole life policy, the pension is available for the whole life, as long as the pensioner is alive. The Saral Pension policy can be surrendered anytime after six months from the date of inception.

Know when and how much pension will be received?

– In this plan you get 4 options.
You can take pension every month, you can take it every three months, you can take it every 6 months or you can take it in 12 months. Whichever option you choose, your pension will start coming in that period.
Now the question arises that how much money you will have to pay for this simple pension scheme, then let us tell you that you will have to choose it yourself.
That is, whatever amount of pension you choose, you will have to pay accordingly.
– If you want pension every month, then at least Rs 1000 pension will have to be taken, Rs 3000 for three months, Rs 6000 for 6 months and Rs 12000 for 12 months, the minimum pension will have to be taken, there is no maximum limit.
– If your age is 40 years and you have deposited a single premium of Rs 10 lakh, then you will start getting Rs 50250 annually which will be available for life.
Apart from this, if you want your deposited amount back in between, then in such a situation, after deducting 5 percent, you get back the deposited amount.

Will also get the benefit of loan 

– Under this scheme, if you have any serious illness and need money for treatment, then you can withdraw the money deposited in Saral Pension Yojana.
– You are given a list of serious diseases, for which you can withdraw money.
On surrender of the policy, 95 percent of the base price is returned.
– The option of taking a loan is also given under this scheme (saral pension plan).
You can apply for the loan after 6 months of starting the scheme.

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But there are many such pension schemes from which individuals get benefits. Such as Old Age Pension Scheme, Widow Pension Scheme, and National Pension Scheme Scheme. But in all these pension schemes individuals have to wait for a very long time. Under all these pension schemes, the facility of pension is provided to the individuals at the age of 60 years.

But if we talk about the best pension scheme among all these pension schemes, then it can go to Saral Pension Yojana. You must be thinking that what is the name of the scheme, then we will provide you a brief description about it.

LIC Saral Pension Yojana

The name of this pension scheme brought by LIC is Saral Pension Yojana. Let us tell you that it comes in the list of a single premium pension plane. In this, a type of premium is required to be paid for taking the policy. As we have told above that in the coming pension schemes, pension facility is provided only after the age of 60 years. But there is no such circumstance under this pension scheme. Let us tell you that a great film has been launched by Life Insurance Corporation (LIC). Under this, by depositing the amount, you will be provided pension facility only from the age of 40 years.

Know more about Saral Pension Yojana

About this scheme of Life Insurance Corporation LIC, we have told you in the east that the name of this scheme is Saral Pension Yojana. It is also a single premium pension plan. Under which you need to pay premium only once at the time of taking the policy. Thereafter, you continue to get pension for the rest of your life. And on the death of the pensioner, the single premium amount is returned and given to his nominee.

Let us tell you that Saral Pension Yojana is an immediate annuity plan. Meaning you will start receiving pension only at the time of taking the policy. After taking this policy, the amount of pension you will start getting will be provided to you for the whole life.

How to take Saral Pension Yojana

Saral Pension Yojana 2022 Details: If you are interested in this pension scheme, then you can join this scheme mainly in two ways.

1. Single Life:- Under this, there is a policy in the name of any one. As long as the pensioner is alive, he continues to get pension under this scheme, but when he dies, the amount of his base premium is returned to his nominee.
2. Joint Life:- Under this, both the spouses have coverage. As long as the primary pensioners are alive, they will continue to get pension. After his death, his life partner will continue to get pension for the rest of his life. If he dies, his best premium is handed over to his nominee.

Know who can take advantage of Saral Pension Yojana

To take advantage of this scheme, the minimum age limit has been fixed at 40 years and the maximum age limit has been fixed at 80 years. Because it is a whole life policy under which the pensioner gets whole life pension till he is alive. Saral Pension Policy can be surrendered anytime after 6 months from the date of commencement.

Till when can I get pension

From when to take the pension, this decision would have been taken by the pensioner only. In this, four options are provided to the equality pension holders. in which

1. Pension can be taken every month
2. Can be received after every 3 months
3. Pension can be taken after every 6 months
4. Pension facility is available even after 12 months

You have to get pension by selecting any one of these options.

How much pension will be provided up to Rs.

To get pension, you have to take care of a special thing that how much you get a policy under this scheme. That is to say, you have to pay according to the amount of pension you want to get. If you want to take ₹ 1000 pension, ₹ 3000 for 3 months, ₹ 6000 for 6 months, and ₹ 12000 for 12 months is the minimum pension. There is no maximum limit for this.

If the age of the person is 40 years and he has deposited a single premium of ₹ 1000000, then he will be provided ₹ 50250 annually. And let us tell you that he will continue to receive this pension for life. If for any reason the person gets the situation to withdraw the amount in the middle, then the balance amount is returned to him after deducting 5%.

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Life Insurance Corporation of India (LIC) has a special scheme. The scheme under which private employees do not have to worry about pension after retirement. You will get a better return by investing in this scheme of LIC. The name of this special scheme of LIC is Pradhan Mantri Vaya Vandana Yojana. If you invest in this scheme, then after maturity the investors will get a guaranteed pension of Rs 18500.

Maximum investment that can be made is Rs 15 lakhs

Many people say that investment is the capital of the future, then if you are planning to make a good and a better investment, then you can invest in LIC’s Pradhan Mantri Vaya Vandana Yojana (PMVVY). PMVVY is a pension scheme for senior citizens with a minimum age of 60 years. The tenure of this scheme is 10 years and the maximum investment that can be made in this scheme is Rs 15 lakh.

You can get pension of Rs 18500 per month.

If both husband and wife invest in this scheme, then after the age of 60, both will start getting pension of Rs 18500 a month or you can also take it as annual pension and if you invest in it for 1 person. If you do, then you can get a pension of 1 thousand to 9250 rupees per month.

8 percent interest will also be available

LIC is a great investment option. The risk of investing in LIC is also less. Also, investing in LIC also gives a great return. If after investing 10 years in this scheme, if you opt for monthly pension, then you will also get 8 percent interest. You can apply for this policy in any way, online or offline.

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Started in June 2015, recently the government has made a big change regarding this scheme. Those filing income returns will be able to subscribe to this scheme only till September 30. After this, those who file ITR will not get the benefit of the scheme. Atal Pension Yojana was launched on 1 June 2015 by the Modi government of the Center.

Applications received after 30 September will be canceled . Under this scheme, the eligible elderly are given pension from Rs 1,000 to Rs 5,000 every month. In March 2022, the number of people who have registered in this scheme has crossed 4 crores. The Finance Ministry said in its order last day that income tax payers cannot invest in this scheme from October 1. Such applications received after 30th date will be rejected.

An investment of Rs 42 per month i.e. if you file income tax return, then you will have to subscribe and open the account by September 30 in any case. Otherwise, they will not be able to get the benefit of Atal Pension Yojana. According to the rules of this scheme, people between the age group of 18 to 40 years can register in it. For this, the applicant has to open a savings account in the bank or post office. From this account every month your Rs 42 to Rs 1454 will be deducted. After 60 years, pension is available from Rs 1,000 to Rs 5,000 every month.

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