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	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
Website	http://jansuraksha.gov.in/	http://www.pfrda.org.in/
Accounts	Only one account is available	In NPS there are Tier-I and Tier-II of account are available

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