The Atal Pension Yojana (APY) is a government-backed pension scheme aimed at providing financial security to individuals after retirement. If you want to enroll in APY online, this guide outlines the step-by-step process to apply through your bank’s digital platform.
Eligibility Criteria for APY
Before applying, ensure you meet these requirements:
Must be an Indian citizen aged 18-40 years.
Should have a savings bank account with a registered mobile number.
Must agree to contribute regularly until 60 years of age.
Steps to Apply for Atal Pension Yojna Online
1. Log in to Your Bank’s Internet Banking or Mobile App
Visit your bank’s official website or open its mobile banking app.
Log in using your customer ID and password.
Navigate to the Atal Pension Yojana section under social security schemes.
2. Fill in the APY Application Form
Enter your personal details (Name, Date of Birth, Aadhaar, PAN, etc.).
Provide your savings bank account number for auto-debit setup.
Choose your desired pension amount (₹1,000 to ₹5,000 per month).
3. Select the Contribution Amount
Based on your age and pension target, the system will show your monthly contribution.
Review and confirm your auto-debit mandate to ensure timely payments.
4. Verify and Submit Your Application
Review the entered details and verify using OTP sent to your registered mobile number.
Accept the terms & conditions and submit your application.
5. Receive Confirmation and APY PRAN
Once approved, you will receive an SMS confirmation with your Permanent Retirement Account Number (PRAN).
You can download the APY subscription details for future reference.
Important Considerations
Contributions will be auto-debited from your bank account every month.
You can increase or decrease your pension amount once a year.
Ensure sufficient balance in your bank account to avoid auto-debit failures.
Conclusion
Applying for Atal Pension Yojana online is quick and convenient through your bank’s digital platform. By following these steps, you can enroll effortlessly and secure a guaranteed pension after retirement.
Ready to Apply? Log in to your internet banking portal or mobile app and start your APY enrollment today!
