About Us
What is Atal Pension Yojana?+
  • Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.

Eligibility of APY+
  • Any Citizen of India resident, subject to the following conditions.
    1. Applicant should be between 18 – 40 years of age
    2. Applicant should comply with the “KNOW YOUR CLIENT” (KYC) norms.
    3. Applicant should not have pre-existing APY account.

What is the mode of contribution to the account?+
  • The contributions can be made at monthly / quarterly / half yearly intervals through auto-debit facility from savings bank account of the subscriber.

How the contributions are invested in APY? +
  • The contributions under APY are invested as per the investment guidelines prescribed by Ministry of Finance, Govt of India, PFRDA for Central Government / State Government / NPS-Lite / Swavalamban Scheme / APY. The APY scheme is administered by PFRDA.

Contribution chart for APY +

Penalty for default (charges)+
  • Under APY, the individual subscribers shall have an option to make the contribution on a monthly basis. Banks are required to collect additional amount for delayed payments, such amount will vary from minimum Rs. 1 per month to Rs 10/- per month as shown below:
    • Rs. 1 per month for contribution upto Rs. 100 per month.
    • Rs. 2 per month for contribution upto Rs. 101 to 500/- per month.
    • Rs. 5 per month for contribution between Rs 501/- to 1000/- per month.
    • Rs. 10 per month for contribution beyond Rs 1001/- per month.
  • The fixed amount of interest/penalty will remain as part of the pension corpus of the subscriber.
  • Discontinuation of payments of contribution amount shall lead to following:
    • After 6 months account will be frozen.
    • After 12 months account will be deactivated.
    • After 24 months account will be closed.

How to join ?+
  • Approach your Suryoday Bank Branch.
  • Submit the simple APY Registration Form.
  • Pay monthly/quarterly/half-yearly contribution through your savings bank account.


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