Government Launches Online Application Service for Atal Pension Yojana

New Delhi:

The government’s Atal Pension Yojana (APY) initiative, aimed at bolstering social security among those in the unorganized sector, has taken a significant step forward with the release of a new online application service.

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The move seeks to ensure a reliable income source for individuals associated with the unorganized sector during their retirement years.

The Pension Fund Regulatory and Development Authority (PFRDA) has recently issued a master circular,

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streamlining the online service process and facilitating easier enrollment into the scheme.

This circular, dated January 31, 2024, signifies a pivotal development in expanding the accessibility of the Atal Pension Yojana.

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Simplified Enrollment Process with eAPY

According to the PFRDA circular, the central record-keeping agency,

Protean e-Governance (PCRA), has introduced eAPY, a simplified subscription process that leverages digital enrollment through Aadhaar eKYC/XML/Virtual ID.

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This initiative aims to streamline the application process, saving applicants time, effort, and resources.

With the introduction of eAPY, individuals no longer need to visit bank branches to enroll in the scheme, making it more convenient and accessible.


How to Apply Online for Atal Pension Yojana?

New subscribers can avail themselves of the Atal Pension Yojana online through the PCRA service, which also provides an online platform for checking APY services.

The registration process offers three options:

  1. Offline XML-Aadhaar based KYC
  2. Online-based eKYC
  3. Virtual ID

Applicants are advised to ensure the accuracy of their provided information, alignment with bank records,

availability of funds in the savings account for the initial installment, and correctness of details in the Aadhaar.

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Application through Internet Banking

Additionally, applicants can opt for internet banking services offered by participating banks.

For instance, individuals can apply for the Atal Pension Scheme through ICICI Internet Banking Service by following a simple step-by-step process:

  1. Log in to
  2. Access Customer Service
  3. Navigate to Service Request
  4. Enroll in Atal Pension Yojana
  5. Fill in Information and Submit

Understanding Atal Pension Yojana

Atal Pension Yojana, introduced in the Budget 2015-16, aims to provide income security during old age, particularly targeting those in the unorganized sector.

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Administered by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme encourages savings among individuals to mitigate the risk of inadequate income post-retirement.

Guaranteed Pension Benefits

By contributing as little as Rs 210 per month, subscribers can secure a maximum pension of Rs 5,000 monthly upon reaching the age of 60.

The scheme guarantees a fixed pension amount every month, with varying contribution levels depending on the desired pension amount and age of enrollment.

Government contributions further enhance the pension benefits,

particularly for individuals not covered under any statutory social security scheme and non-taxpayers.

Flexible Pension Options

Under the Atal Pension Yojana, subscribers can opt for pension amounts ranging from Rs 1,000 to Rs 5,000 monthly, with corresponding contribution requirements.

The scheme’s benefits are maximized by joining at an early age, ensuring a secure financial future for subscribers.

By simplifying the enrollment process and enhancing accessibility through online services,

the government aims to bolster financial security among individuals associated with the unorganized sector, ensuring a dignified retirement for all.


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