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Atal Pension Yojana (APY) Scheme

The Government of India has announced a new scheme called Atal Pension Yojana (APY). Atal Pension Yojana (APY) is a guaranteed pension scheme, designed to provide financial security to people of the unorganised sector after retirement. ICICI Bank understands the importance of retirement planning and is committed to helping Indians enjoy a worry-free retirement. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA). It is easy to enrol in the scheme as ICICI Bank is registered with PFRDA.

 

ICICI Bank is registered with PFRDA to provide APY related services.

 

Guaranteed pensions of Rs.1000 - Rs.5000 by Government of India

 

CHECK YOUR APY STATEMENT

  • Guaranteed monthly pension for subscribers, ranging from Rs. 1,000 to Rs. 5,000 per month.
 
  • Government of India (GoI) will also co-contribute 50% of the subscriber’s contribution or Rs. 1,000 per annum, whichever is lower. The Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not an Income Tax payer
 
  • GoI will co-contribute to each eligible subscriber for a period of 5 years, who joined the scheme during the period Jun 1, 2015 to Mar 31, 2016. The benefit of five years of Government co-contribution under APY would not exceed 5 years for all subscribers, including the migrated Swavalamban beneficiaries.

Steps to enroll for Atal Pension Yojana (APY)

  • Login to ICICIBank.com
 
  • Click on Customer Service
 
  • Click 'Service Request'
 
  • Click on "Enroll for Atal Pension Yojana" from "Bank Accounts" section
 
  • Fill-in all the required details
 
  • The Atal Pension Yojana Account will be activated within 1 working day
 
  • Auto Debit will be initiated automatically

 

Login to ICICibank.com -> Customer service-> Service Request-> Enroll for Atal Pension Yojana

 

 

Atal Pension Yojana Eligibility

  • APY is applicable to all citizens of India aged between 18 - 40 years

 

  • KYC compliant Bank account is mandatory for this product

 

Click here for terms and conditions

 

Click here for FAQs

 

Indicative APY Contribution Chart (Age wise)

    Minimum Guaranteed
Pension of Rs. 1,000/month		 Minimum Guaranteed
Pension of Rs 2,000/month		 Minimum Guaranteed
Pension of Rs 3,000/month		 Minimum Guaranteed
Pension of Rs 4,000/month		 Minimum Guaranteed
Pension of Rs 5,000/month
Return of
Corpus Amount
to the Nominee		 Rs 1.7 lakh Rs 3.4 lakh Rs 5.1 lakh Rs 6.8 lakh Rs 8.5
    Contribution frequency Contribution frequency Contribution frequency Contribution frequency Contribution frequency
Age at entry Vesting period Monthly Quarterly Half yearly Monthly Quarterly Half yearly Monthly Quarterly Half yearly Monthly Quarterly Half yearly Monthly Quarterly Half yearly
18 42 42 125 248 84 250 496 126 376 744 168 501 991 210 626 1239
19 41 46 137 271 92 274 543 138 411 814 183 545 1080 228 679 1346
20 40 50 149 295 100 298 590 150 447 885 198 590 1169 248 739 1464
21 39 54 161 319 108 322 637 162 483 956 215 641 1269 269 802 1588
22 38 59 176 348 117 349 690 177 527 1046 234 697 1381 292 870 1723
23 37 64 191 378 127 378 749 192 572 1133 254 757 1499 318 948 1877
24 36 70 209 413 139 414 820 208 620 1228 277 826 1635 346 1031 2042
25 35 76 226 449 151 450 891 226 674 1334 301 897 1776 376 1121 2219
26 34 82 244 484 164 489 968 246 733 1452 327 975 1930 409 1219 2414
27 33 90 268 531 178 530 1050 268 799 1582 356 1061 2101 446 1329 2632
28 32 97 289 572 194 578 1145 292 870 1723 388 1156 2290 485 1445 2862
29 31 106 316 626 212 632 1251 318 948 1877 423 1261 2496 529 1577 3122
30 30 116 346 685 231 688 1363 347 1034 2048 462 1377 2727 577 1720 3405
31 29 126 376 744 252 751 1487 379 1129 2237 504 1502 2974 630 1878 3718
32 28 138 411 814 276 823 1629 414 1234 2443 551 1642 3252 689 2053 4066
33 27 151 450 891 302 900 1782 453 1350 2673 602 1794 3553 752 2241 4438
34 26 165 492 974 330 983 1948 495 1475 2921 659 1964 3889 824 2456 4863
35 25 181 539 1068 362 1079 2136 543 1618 3205 722 2152 4261 902 2688 5323
36 24 198 590 1169 396 1180 2337 594 1770 3506 792 2360 4674 990 2950 5843
37 23 218 650 1287 436 1299 2573 654 1949 3860 870 2593 5134 1087 3239 6415
38 22 240 715 1416 480 1430 2833 720 2146 4249 957 2852 5648 1196 3564 7058
39 21 264 787 1558 528 1574 3116 792 2360 4674 1054 3141 6220 1318 3928 7778

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