For Quick Alerts
For Daily Alerts

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

DifferenceAtal pension SchemeNational pension scheme
Joining Age18 to 40 Years18 to 55 Years
Who can joinAny resident IndianIndian including NRI
PensionGuaranteed pension after retirementNo guaranteed pension
Tax BenefitNo tax benefitTax rebate upto Rs 2, 00,000.
Where to open accountBank where your saving account is heldNPS you can open the account at point of presence
Focus onUnorganised sectorOrganised sector
Premature WithdrawalNot allowed (except death or special medical condition)The premature withdrawal is only allowed in Tier-II account.
Investment ChoicesDoes not allow investment choicesNPS provides options where your money should be invested
Toll free Number 1800-180-1111/1800-110-0011-800-222080
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
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X