Atal Pension Scheme: There is the biggest good news for the people investing in Atal Pension Yojana. The government can increase the amount received under Atal Pension Yojana to Rs 10,000 monthly. Currently people get a maximum pension of Rs 5000 every month. According to sources, the government may approve the proposal to increase the pension received under Atal Pension. This proposal is in the final stage. The government can announce increase in pension under Atal Pension in the budget.
Under Atal Pension Yojana, pension will be Rs 10,000, not Rs 5,000.
A government official told Moneycontrol that the proposal to increase the minimum pension guarantee to Rs 10,000 is in the final stages. Almost a consensus has been reached on this. This may be announced in the budget. The official said that the minimum pension amount can also be increased. This scheme has been created to provide financial help to the weaker sections of the country after 60 years.
What is Atal Pension Yojana?
Prime Minister Narendra Modi launched this scheme on 9 May 2025. Atal Pension Yojana is a social security scheme and its objective is to provide financial security to elderly people, especially the poor and those working in the unorganized sector. This scheme was named after former Prime Minister Atal Bihari Vajpayee. At present, by investing under this scheme, people get a pension of Rs 1,000 to Rs 5,000 after 60 years.
7 crore people joined Atal Pension Yojana
As of October 2024, the gross enrollment of Atal Pension Yojana during the financial year 2024-25 was more than Rs 7 crore. During this period, 56 lakh new subscribers were added to this scheme. So far 7 crore people have joined this scheme. Pension Fund Regulatory and Development Authority (PFRDA) has played an important role in promoting this scheme.
Benefits of Atal Pension Yojana
Under this scheme, beneficiaries get a minimum guaranteed pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 every month after the age of 60 years. The amount of pension depends on your contribution. For example, if someone starts saving money for a monthly pension of ₹ 1,000 at the age of 18, then he will have to pay only ₹ 42 per month. At the age of 40, for a monthly pension of ₹ 5,000, a maximum monthly contribution of ₹ 1,454 will have to be made. The specialty of this scheme is that it provides ‘complete security cover’. If the beneficiary dies, his/her spouse gets the same pension. After the spouse, the nominee gets the entire amount deposited till the age of 60 years.
Eligibility
The scheme is open to all Indian citizens between the age of 18 to 40 years.
The applicant must have a bank account.
People paying income tax are not eligible for this scheme.
The amount of contribution varies according to the pension amount.
How to apply?
offline method
Go to your bank, where you have your savings account.
Take the registration form from the bank or download it from their website.
Fill the correct information in the form and select the pension option.
Submit your Aadhar card and other required documents along with the form.
After the application is accepted, you will get a message on your registered mobile number.
online process
Go to your bank portal or mobile banking app.
Login with login ID and password.
Search ‘Social Security Scheme’ or ‘Atal Pension Yojana’.
Fill the application form and give all the necessary information.
Agree to auto-debit for monthly contributions.
Before submitting the form, verify the information and then submit it.
Sarkari Yojana: Girls will get Rs 75000, these documents will be required, apply here