Atal Pension Yojana (APY)

Accident Insurance Scheme

Contribution Amount	Monthly contributions depend on the desired pension amount. Contributions start as low as ₹42 per month.
Pension Options	Monthly pension of ₹1,000 to ₹5,000 after 60 years of age. Option to nominate a spouse to receive pension in case of death.
Government Co-contribution	50% of the contribution or ₹1,000 per year (whichever is lower) by the government for eligible subscribers.
Tax Benefits	Contributions qualify for tax deduction under Section 80CCD. Additional tax benefits may apply based on the scheme.
How to Enroll	Available through banks, post offices, and online portals. Easy registration with Aadhaar and mobile number.
Pension Payment	Lifetime pension is provided after the age of 60. Option to withdraw after 60 or transfer the account.
Early Exit	Withdrawal allowed before 60, but with conditions (refund of contributions without interest). Premature exit possible in case of death or critical illness.
Security & Monitoring	Government of India guarantees the pension. Regular updates and tracking through the APY portal.