Atal Pension Yojana has set yet another milestone, according to information provided by Pension Fund Regulatory and Development Authority (PFRDA): over 7.60 crore people had signed up before March 31, 2025 – marking it as one of its greatest successes ever in its 10th year! This scheme offers older adults regular income with regular payouts from age 60 onward.
PFRDA reported that more than 1.17 crore new people enrolled in its scheme during 2024-25, an average annual increase of more than 1 crore new participants since its launch with returns averaging 9.11 percent since then. People were obviously impressed with what this scheme offered! Over Rs 44780 crore worth of deposits have already been placed into it thus far and over 1 crore people annually join. People clearly love what this plan has offered since 2024-25 when this scheme launched!
Increased understanding of women
PFRDA saw approximately 55 percent of enrollments during 2024-25 from women, showing they are actively planning their financial lives and saving or investing through government schemes. Furthermore, 32 APY outreach programs were organized across India during that year by PFRDA.
Many programs were run
Many programs were organized under Atal Pension Yojana with support from SLBC and LDM at different places across India, offering training sessions for bank officials, customers and common people on its implementation. Furthermore, advertising ran across print media, radio stations, television channels, social media outlets, cinema halls as well as Maha Kumbh and Champions Trophy events so more and more individuals could join this scheme.
What Is Atal Pension Yojana (APY)?
Under APY, every adult over 60 receives a pension between Rs 1000 to Rs 5000 each month depending on how much money has been deposited into their scheme account. Should either spouse die before receiving his or her monthly payout, or both should pass before all the funds will go directly to a nominee, each customer receiving their monthly benefit until its due time comes up for renewal.
Here’s how you’ll secure a monthly pension of Rs 5000:
To maximize pension under this scheme, investing for at least 20 years is required – meaning if you start investing when you are 40, when turning 60 will come around, pension payments will start arriving monthly. To illustrate, for someone aged 18, contributing just Rs 7 every day of his/her 18th month could secure you with Rs 5000 monthly pension upon reaching 60! Alternatively if a smaller monthly amount was desired such as 1,000 rupees would need be put down each month until 60.
Atal Pension Yojana offers both husbands and wives pension up to Rs 10,000 monthly; in case either partner dies prior to reaching 60, their wives will benefit instead. On both deaths together, however, all funds will revert back to the nominee.
Tax exemption may also be an option available to taxpayers.
By investing in Atal Pension Yojana Scheme (APY Scheme), not only will you secure guaranteed pension, but there are additional advantages too. One such advantage is saving tax of up to Rs 1.5 lakh under Section 80C of Income Tax. Eligible investors between 18-40 can open an APY account; all they require to invest is having an Indian passport linked with Aadhar card as well as valid bank account that’s linked with Aadhar card; having mobile number as well and not already being beneficiaries of Atal Pension Yojana Pension Scheme (APY Scheme).
In 2022, the government made major adjustments to this scheme’s rules; under these revised provisions, those paying income tax cannot take advantage of it; this change took effect starting October 1, 2022.
