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How To Track Contributions Made Towards Atal Pension Yojana?

Atal Pension Yojana (APY) is a pension mechanism initiated in 2015 by the government. Even though it was introduced with an emphasis on citizens employed in the unorganized sector, any Indian resident with a bank or post office savings account between the ages of 18 and 40 can make contributions towards APY. In comparison to the National Pension System (NPS), where the pension amount is calculated by the cumulative corpus accrued at the age of 60, the pension benefit is specified in the APY, varying from Rs 1,000 to Rs 5,000 per month, based on the subscriber's contributions. Under section 80CCD(1) of the Income-tax Act, 1961, you can use the contributions rendered by you towards APY to seek tax benefits for which you will need to disclose the transaction statements as verification.

To check if they are credited to your APY account on schedule, you will also need to check your contributions as there is a liability in the event of delay or failure. Make sure that you have issued the Permanent Retirement Account Number, popularly called as PRAN, before you track for the contributions made by you. Although PRAN is the only you need to log into the app, you will have to specify your bank account number on the NSDL portal. There are two options to electronically validate your contributions: by accessing the NSDL website, or by installing the APY and NPS Lite applications from the app store of your mobile.

Via NSDL

Via NSDL

  • Visit https://www.npscra.nsdl.co.in/scheme-details.php and click on 'APY e-PRAN/Transaction Statement View'
  • You will be redirected to a new page where you need to select from 'With PRAN or Without PRAN'
  • You will be required to enter your PRAN and bank account number if you have selected the 'With PRAN' method. If you do not have a PRAN, you will be asked to enter the name of the subscriber, bank account number and date of birth.
  • Now select the 'APY e-PRAN View or Statement of Transaction View' option and enter the CAPTCHA code correctly.
  • Click on 'Submit'
  • APY e-PRAN will support you with your APY e-card specifics, along with details such as the launch date of the pension, the amount of pension you have specified, the APY service operator/provider and so on.
  • The transaction statement will allow you to validate the contributions you rendered on a monthly, quarterly or semi-annual basis. Details of the cumulative contributions rendered to the fund up to date and others, such as the name of the nominee, the amount of pension chosen, and so on. In a given financial year, you can even check for every successful transaction.
Via Mobile app

Via Mobile app

  • Download the 'APY and NPS Lite' mobile app from the default app store of your mobile.
  • Enter your PRAN and tap on 'Login'
  • An OTP will be sent to your registered mobile number, enter the OTP on the required space and tap on 'Submit'
  • In which scheme either NPS or APY your money is contributed, the homepage will reveal to you about the specifics of the same. Using the app, you can also download the transaction statement. Select the alternative to access specifics of your account. 
Via offline

Via offline

According to the NPS official site, to know the status of the contributions, an SMS is sent to the subscriber's registered mobile number. The portal also states that periodic statements will be issued to the holder of the APY account by the Central Recordkeeping Agency, but the time is not specified. To get these specifics, one can also visit his or her nearest bank branch.  

APY Contribution Chart

APY Contribution Chart

The following table indicates the monthly, quarterly and half-yearly contribution amount, depending on the age of entry into the fund and the estimated monthly pension amount available after retirement. The calculation of this Atal Pension Yojana is representative and the exact amount you required to contribute may alter at a subsequent time. Your monthly, quarterly, and semi-annual contribution criteria for this pension scheme are summarized in the following table: 

Entry ageTotal Contributions YearsMonthly Contribution Amount    
  Monthly Pension of Rs 1000Monthly Pension of Rs 2000Monthly Pension of Rs 3000Monthly Pension of Rs 4000Monthly Pension of Rs 5000
18424284126168210
19414692138183228
294050100150198248
213954108162215269
223859117177234292
233764127192254318
243670139208277346
253576151226301376
263482164246327409
273390178268356446
283297194292388485
2931106212318423529
3030116231347462577
3129126252379504630
3228138276414551689
3327151302453602752
3426165330495659824
3526181362543722902
3624198396594792990
37232184366548701087
38222404807209571196
392126452879210541318
402029158287311641454
Entry ageTotal Contributions YearsQuarterly Contribution Amount    
  Monthly Pension of Rs 1000Monthly Pension of Rs 2000Monthly Pension of Rs 3000Monthly Pension of Rs 4000Monthly Pension of Rs 5000
1842125250376501626
1941137274411545679
2940149298447590739
2139161322483641802
2238176349527697870
2337191378572757948
24362094146208261031
25352264506748971121
26342444897339751219
273326853079910611329
283228957887011561445
293131663294812611577
3030346688103413771720
3129376751112915021878
3228411823123416422053
3327450900135017942241
3426492983147519642456
35265391079161821522688
36245901180177023602950
37236501299194925933239
38227151430214628523564
39217871574236031413928
40208671734260234694333
Entry ageTotal Contributions YearsHalf-yearly Contribution Amount    
  Monthly Pension of Rs 1000Monthly Pension of Rs 2000Monthly Pension of Rs 3000Monthly Pension of Rs 4000Monthly Pension of Rs 5000
18422484967449911239
194127154381410801346
294029559088511691464
213931963795612691588
2238348690104513811723
2337378749113314991877
2436413820122816352042
2535449891133417762219
2634484968145219302414
27335311050158221012632
28325721145172322902862
29316261251187724963122
30306851363204827273405
31297441487223729743718
32288141629244332524066
33278911782267335534438
34269741948292138894863
352610682136320542615323
362411692337350646745843
372312872573386051346415
382214162833424956487058
392115583116467462207778
402017173435515268698581

Read more about: apy atal pension yojana

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