Atal Pension Yojana: There is great news for people investing in Atal Pension Yojana (APY). The government is preparing to increase the maximum pension available under this scheme from ₹ 5,000 to ₹ 10,000. If this proposal is approved in Budget 2025, millions of people in the country will get more financial security in old age.
According to media reports, the government may announce this amendment soon. The main objective of this scheme is to provide a stable pension to people working in the unorganized sector after the age of 60. Let us know how to avail the benefits of this scheme and who will benefit from the new change.
Key features of Atal Pension Yojana
Government-run pension scheme
- Minimum monthly pension from ₹1,000 to ₹5,000 (likely to increase to ₹10,000 now)
- Lifetime pension benefit after the age of 60 years
- Security cover: Pension will continue to be given to the spouse after death
- Free from market risk, 100% guaranteed pension scheme
- Big retirement security with small contributions
Possible Changes in Atal Pension Yojana (2025 Update)
Eligibility Criteria for Atal Pension Yojana
- Any Indian citizen between 18 and 40 years can apply.
- The applicant must have a savings account in a bank or post office.
- People who pay income tax cannot avail the benefits of this scheme.
- ₹42 per month (for Rs 1,000 pension)
- ₹1,454 per month (potential for Rs 10,000 pension)
To register in this scheme, it is mandatory to have Aadhar card, mobile number and bank account.
How to apply for Atal Pension Yojana?
Offline Application Process:
- Visit the nearest bank branch or post office.
- Get and fill the Atal Pension Yojana (APY) form.
- Give consent for auto-debit from bank account.
- Submit Aadhaar card and other documents.
- After submitting the form, get confirmation from the bank.
Online Application Process:
- Login to your bank’s net banking or mobile banking.
- Choose the option “Atal Pension Yojana”.
- Enter your details and select the contribution amount.
- Activate auto-debit facility by linking bank account.
- After submitting, get confirmation from the bank.
After completing this process your APY scheme will be activated and auto-debit will be done from your account every month as per your age.
Benefits of Atal Pension Yojana
- Guaranteed pension after 60 years – Possibility of getting up to ₹10,000.
- Spouse protection – The spouse will continue to receive pension after the death of the beneficiary.
- Government guarantee – This scheme is free from market risk and is 100% safe.
- Small investment, big benefit – Starting from ₹42 per month, which is affordable for any class.
- Tax exemption benefit – Tax exemption benefit is available under Section 80CCD (1B) of the Income Tax Act.
How much benefit will you get by investing in Atal Pension Yojana?
From this table you can see that if the pension limit increases to ₹ 10,000, the monthly contribution may increase.
Effect of new changes in Atal Pension Yojana 2025
- After 60 years, you will get higher pension for life.
- Greater financial security for vulnerable sections.
- Small traders, laborers and farmers benefit the most.
- The social security schemes of the government will get a boost.
If you want a strong financial security in the future, then invest in Atal Pension Yojana soon.
Overview
If you want guaranteed returns with low investment, then Atal Pension Yojana 2025 is a great option for you. The government may soon increase its maximum pension limit to ₹ 10,000, which will give you more financial security after 60 years.
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