Atal Pension Yojana (APY) is a government-backed pension scheme that aims to provide pension benefits to the unorganised sector by guaranteeing pension benefits when the subscriber reaches 60 years of age. The subscribers can select the contribution amount because this will affect the amount of returns they'll receive. The subscriber will receive a pension amount ranging from Rs. 1000 to Rs. 5000 per month on reaching 60 years of age. However, if the actual returns on the contributions made are higher, then a higher amount of monthly pension may be received by the subscriber.
The PFRDA has introduced Atal Pension Yojana App to enable individuals to easily access their APY account. By installing the app, one can check its APY account balance, view details of when is the next contribution due, APY account details, APY transactions list and much more.
To check APY contribution through the app, follow the steps below:
Download the APY and NPS Lite App from Google Play Store.
Login by entering your PRAN.
An OTP will be sent to your registered mobile number. Enter the OTP in the given field and click on submit.
The homepage will open. Select the option to view your account details.