This is scheme introduced by the central government where A Pension is provided to people when they are not working or retired. Atal Pension Yojana (APY), a pension scheme is for Indian citizen under which guaranteed pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions.Need for Pension:
The periodical information to the subscribers regarding activation of PRAN, balance inthe account, contribution credits etc. will be intimated to APY subscribers by way of SMS alerts. The subscriber will also be receiving physical Statement of Account once a year.