Experience the world of simplified banking and exclusive benefits.

Capital SFB

Atal Pension Yojna
(APY)

  1. Home
  2. APY
Apply Now

About APY

The Atal Pension Yojana (APY) is launched by Government of India to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. APY is administered by Pension Fund Regulatory and Development Authority (PFRDA). APY is open to all bank account holders in the age group of 18 to 40 years and the contributions differ, based on pension amount chosen. Nomination facility is also available under this scheme. It is easy to enrol in the scheme as CSFB is registered with PFRDA to provide APY related services.

Eligibility

Subscribers can make contributions to APY on monthly/ quarterly / half-yearly basis. The contribution will be deducted from the customer’s account on an auto-debit basis. Please refer to table for contribution.

KYC compliant Saving Bank account is mandatory for this product.

Features of Atal Pension Yojana

  • Under the APY, the subscribers would receive guaranteed minimum monthly pension of ₹1000 or ₹2000 or ₹3000 or ₹4000 or ₹5000 (as chosen by them), at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY. Therefore, the benefit of minimum pension would be guaranteed by the Government. However, if higher investment returns are received on the contributions of subscribers of APY, higher pension would be paid to the subscribers.
  • The amount collected under Atal Pension Yojana is invested as per the investment guidelines prescribed by PFRDA /Central Government/State Government from time to time.
  • The monthly pension would be available to the subscriber, and after him to his spouse and after their death, the pension corpus, would be returned to the nominee of the subscriber.
  • In case of death of subscriber before vesting period, spouse of the subscriber can either continue contribution to APY account of the subscriber for the remaining vesting period (till the original subscriber would have been attained the age of 60 years), or close the account & collect the invested amounts with gains on it.
  • Penality for default, Recovery of contribution for delayed payments and Exit from Scheme etc are subject to the guildines laid down by PFRDA /government from time to time. Please refer to guidlines.
    URL: https://www.pfrda.org.in/index1.cshtml?lsid=798

Amount of Contribution

Subscribers can make contributions to APY on monthly/ quarterly / half-yearly basis. The contribution will be deducted from the customer’s account on an auto-debit basis. Please refer to table for contribution:

APY Subscribers Contribution Chart

How to apply for APY ?

Visit your nearest branch: To begin the process, bring your KYC documents and passport-sized photographs to your nearest branch. You can fill out the application form at the branch to get started.

Customer Care: Call us at 1800 120 1600, one of our representatives will get in touch with you.

Email: Mail us as at lead@capitalbank.co.in with your Name, Contact Number, Address & Message. One of our representatives will get in touch with you.

Click:

Apply Now
  • CIN No. : U65110PB1999PLC022634
Menu