Atal Pension Yojana (APY) is a Government of India Scheme administered by Pension Fund Regulatory and Development Authority (PFRDA) through National Pension System (NPS).

The objective of the Atal Pension Yojana (APY) is to encourage the persons to save small amounts during their productive years to enable them to draw a pension in old age.

Atal Pension Yojana (APY) is based on defined benefit for providing fixed minimum pension ranging from Rs 1000 to Rs 5000 p.m.

Government of India announced a scheme under the name of 'Atal Pension Yojana' in which government will contribute 50% of the contribution amount or Rs. 1000 per annum to encourage persons from unorganized sector to save for themselves for their old age income security. GoI co-contribution is presently available for 5 years i.e 2015-16 to 2019-20

Person joining Atal pension Yojana would be having choice for pension amount to be selected for retirement age (60 years) while subscribing the scheme, the amount of pension chosen by the subscriber will decide the monthly contribution amount.. The illustration chart on the same will be shown in the coming slides.

For example: Person opting for Rs 1000/- pension at the retirement age will have to contribute less than the person opting for Rs 5000/- pension. The income and saving capacity of the subscriber will be the basis for choosing the pension amount. However there is a option available to Switch to subscribers for changing the option of pension to higher or lower level.