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)

 
  • 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 lakhRs 3.4 lakhRs 5.1 lakhRs 6.8 lakhRs 8.5
  Contribution frequencyContribution frequencyContribution frequencyContribution frequencyContribution frequency
Age at entryVesting periodMonthlyQuarterlyHalf yearlyMonthlyQuarterlyHalf yearlyMonthlyQuarterlyHalf yearlyMonthlyQuarterlyHalf yearlyMonthlyQuarterlyHalf yearly
184242125248842504961263767441685019912106261239
1941461372719227454313841181418354510802286791346
20405014929510029859015044788519859011692487391464
21395416131910832263716248395621564112692698021588
223859176348117349690177527104623469713812928701723
233764191378127378749192572113325475714993189481877
2436702094131394148202086201228277826163534610312042
2535762264491514508912266741334301897177637611212219
2634822444841644899682467331452327975193040912192414
273390268531178530105026879915823561061210144613292632
283297289572194578114529287017233881156229048514452862
2931106316626212632125131894818774231261249652915773122
30301163466852316881363347103420484621377272757717203405
31291263767442527511487379112922375041502297463018783718
32281384118142768231629414123424435511642325268920534066
33271514508913029001782453135026736021794355375222414438
34261654929743309831948495147529216591964388982424564863
3525181539106836210792136543161832057222152426190226885323
3624198590116939611802337594177035067922360467499029505843
37232186501287436129925736541949386087025935134108732396415
38222407151416480143028337202146424995728525648119635647058
392126478715585281574311679223604674105431416220131839287778

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