Atal Pension Yojana: Contribution Chart and Return Calculator

The Promise: A safety net for the unorganized sector worker who pays income tax (Wait, APY is now restricted. See below). The Trap: "Bank deducted money without asking me." (This happens often due to auto-enrollment confusion).

1. Important Update (Tax Payer Rule)

Since Oct 1, 2022, Income Tax Payers cannot join APY. If you are a non-taxpayer (e.g., small earner), you are welcome.

2. The Chart (How much to pay?)

To get ₹5,000/month pension after age 60:

• Age 18: Pay ₹210/month.
• Age 30: Pay ₹577/month.
• Age 39: Pay ₹1,318/month.

The earlier you start, the cheaper it is.

3. How to Apply

1. Bank Branch: Fill the APY form at your savings bank provided.
2. Net Banking: Most banks (SBI, HDFC, ICICI) allow "Social Security Schemes" enrollment online.

Auto-Debit: The money is cut automatically. Keep the balance maintained to avoid penalty (₹1 per month).

[!warning] Scam Radar

• Red Flag: "Sir, APY has started by mistake on your account. Give OTP to stop it." (Scammers use this fear to trigger a transaction).
• Action: If you want to stop APY, go to the bank and submit a closure form. Never share OTP.

4. What happens to the money?

• You (Subscriber): Get pension till death.
• Spouse: Gets same pension till death.
• Nominee (Child): Gets the corpus (approx ₹8.5 Lakh for the ₹5k slab).

It is a "return of premium" model that secures three generations.