Government Backed Pension

Atal Pension Yojana
(APY)

Secure your retirement with a guaranteed monthly pension. A voluntary, contributory scheme designed to provide financial independence in your golden years.

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Key Scheme Highlights

The earlier you join, the less you pay. Secure a lifetime pension ranging from ₹1,000 to ₹5,000 per month.

Rupee

Guaranteed Pension

Receive a fixed, guaranteed monthly pension of ₹1,000 to ₹5,000 upon reaching 60 years of age, depending on your contribution tier.

Spousal & Nominee Benefits

In the event of the subscriber's demise, the same pension is paid to the spouse. After both, the corpus is returned to the nominee.

Tax Benefits

Contributions made under the APY scheme are eligible for tax deduction benefits under Section 80CCD of the Income Tax Act.

APY Premium Calculator

Calculate your exact monthly contribution based on your current age and desired pension amount.

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Frequently Asked Questions

Any Indian citizen between the ages of 18 and 40 years who has a savings bank account is eligible. Please note that as of October 2022, individuals who are income taxpayers are not eligible to join.
The guaranteed monthly pension will commence once you attain the age of 60 years.
Contributions are automatically debited from your linked savings bank account. You can choose to pay on a monthly, quarterly, or half-yearly basis.
If the subscriber dies before age 60, the spouse has the option to continue the account or exit with the corpus. If death occurs after 60, the spouse receives the same pension. Upon the death of both, the nominee receives the accumulated corpus.
Yes, subscribers can opt to upgrade or downgrade their pension amount (e.g., from ₹1,000 to ₹5,000) once a year during the month of April.

Don't Wait For Retirement

Secure your future today. Visit your nearest Meghalaya Rural Bank branch with your Aadhaar card to enroll in APY.

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