Eligibility:
The qualifying criteria for the Atal Pension Yojana stipulate that applicants must be Indian citizens, aged between 18 and 40 years, and have a savings bank account. Verify your eligibility for APY below to access its numerous advantages.
- Criteria for APY eligibility:
- Must be an Indian citizen.
- Age must be within the 18 - 40 year range.
- Must possess a savings bank account or be willing to open one.
- Should have a mobile number, the details of which need to be provided to the bank upon registration.
- Applicable only to individuals who are not Income Tax payers.
Government co-contribution is available for five years, from 2015-16 to 2019-20, for members who join between 1st June 2015 and 31st December 2015, are not covered under any Statutory Social Security Schemes, and are non-income taxpayers.
Documentation Required:
- Information on the bank and branch holding the individual's savings account.
- A fully completed APY registration form.
- Aadhaar and/or Mobile Number.
- Details of the savings bank account balance for the transfer of monthly contributions.
Charges by Protean CRA
- PRAN Opening (One Time) - Rs.15/-
- PRAN Maintenance (Per Annum) - Rs.20/-
- Per Transaction (Financial / Non-Financial) - NIL
