The Federal Bank offers the Atal Pension Yojana as one of the products of its retail banking portfolio. The scheme allows an individual to draw Rs.1,000 to Rs.5,000 in the form of pension. The amount is based on the contribution of the individual.
As part of its retail banking portfolio, Federal Bank offers the Atal Pension Yojana to individuals belonging to the economically weaker section of the society. Introduced by the Prime Minister of India, this scheme enables the working class to earn a permanent income even after the age of 60.
The Atal Pension Yojana pension scheme can be taken by any Indian citizen falling between the age brackets of 18 to 40 years and also holding a Federal Bank savings account. This scheme intends to provide a fixed pension amount to an individual based on the contribution and the time period.
Federal Bank offers the Atal Pension Yojana at all bank branches in India. Participants of this scheme can get a minimum pension amount of Rs 1000 and up to a maximum amount of Rs 5000 from the age of 60, according to the contributions received.
Age | No. of years | Fixed Pension of Rs. 1000 | Fixed Pension of Rs. 2000 | Fixed Pension of Rs. 3000 | Fixed Pension of Rs. 4000 | Fixed Pension of Rs. 5000 |
18 years | 42 years | 42 | 84 | 126 | 168 | 210 |
19 years | 41 years | 46 | 92 | 138 | 183 | 228 |
20 years | 40 years | 50 | 100 | 150 | 198 | 248 |
21 years | 39 years | 54 | 108 | 162 | 215 | 269 |
22 years | 38 years | 59 | 117 | 177 | 234 | 292 |
23 years | 37 years | 64 | 127 | 192 | 254 | 318 |
24 years | 36 years | 70 | 139 | 208 | 277 | 346 |
25 years | 35 years | 76 | 151 | 226 | 301 | 376 |
26 years | 34 years | 82 | 164 | 246 | 327 | 409 |
27 years | 33 years | 90 | 178 | 268 | 356 | 446 |
28 years | 32 years | 97 | 194 | 292 | 388 | 485 |
29 years | 31 years | 106 | 212 | 318 | 423 | 529 |
30 years | 30 years | 116 | 231 | 347 | 462 | 577 |
31 years | 29 years | 126 | 252 | 379 | 504 | 630 |
32 years | 28 years | 138 | 276 | 414 | 551 | 689 |
33 years | 27 years | 151 | 302 | 453 | 602 | 752 |
34 years | 26 years | 165 | 330 | 495 | 659 | 824 |
35 years | 25 years | 181 | 362 | 543 | 722 | 902 |
36 years | 24 years | 198 | 396 | 594 | 792 | 990 |
37 years | 23 years | 218 | 436 | 654 | 870 | 1,087 |
Only one Atal Pension Yojana account can be opened by a subscriber.
The Aadhaar number is not required while opening the account, but will be the primary KYC document while enrolling beneficiaries and identifying family members and nominees.
Subscribers will get to know the status of their contributions via SMS alerts sent to the registered mobile number and will also receive a physical pension account statement.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.