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11 Differences Between National Pension Scheme and Atal Pension Yojana


National Pension Scheme (NPS) and Atal Pension Yojana (Atal Pension Yojana) are schemes offered with an aim to provide social security to individuals after retirement. Both will be provided in the form of pension.

Atal Pension Yojana, which was announced by Finance Minister Arun Jaitley in the Union Budget.

Also, the Finance Minister modified NPS with some super benefits in the Union Budget 2015.

Now let us understand basic difference between both the schemes:

Difference Between National Pension Scheme and Atal Pension Yojana
Difference Atal pension Scheme National pension scheme
Joining Age 18 to 40 Years 18 to 55 Years
Who can join Any resident Indian Indian including NRI
Pension Guaranteed pension after retirement No guaranteed pension
Tax Benefit No tax benefit Tax rebate upto Rs 2, 00,000.
Where to open account Bank where your saving account is held NPS you can open the account at point of presence
Focus on Unorganised sector Organised sector
Premature Withdrawal Not allowed (except death or special medical condition) The premature withdrawal is only allowed in Tier-II account.
Investment Choices Does not allow investment choices NPS provides options where your money should be invested
Toll free Number 1800-180-1111/1800-110-001 1-800-222080
Accounts Only one account is available In NPS there are Tier-I and Tier-II of account are available

Read more about: atal pension yojana nps
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