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Union Bank of India Atal Pension Yojana

Table of Contents

Features and Benefits of Union Bank of India Atal Pension Yojana
How to Apply for Atal Pension Yojana via Union Bank

The Union Bank of India Atal Pension Yojana is a scheme that enables individuals to get a guaranteed pension once they turn 60. The pension amount will be between Rs.1,000 and Rs.5,000. The applicant shouldn't be a regular taxpayer.

The Atal Pension Yojana is available for people in the age group of 18 - 40 years. In case the subscribers are not covered any of the social security schemes in the country and if they are not a tax payer, the government of India will act as a co-contributor and will contribute 50 percent of their annual contribution or INR 1,000 per annum, whichever is lower.

If eligible, they can receive contribution from the government for a period of 5 years.

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Features and Benefits of Union Bank of India Atal Pension Yojana

The Union Bank of India Atal Pension Yojana comes with guaranteed pension benefits for the subscribers.
The pension given each month depend on the contributions and will be in the range of INR 1,000 to INR 5,000.
You can open an account under this union bank of india Atal Pension Yojana scheme only with the bank with whom you maintain a savings account.
The amount to contribute will range from INR 42 to INR 1,454.

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How to Apply for Atal Pension Yojana via Union Bank

Step 1: Ensure You Have a Savings Account

You need an active savings account with Union Bank of India to join the Atal Pension Yojana.

Step 2: Log in to Internet Banking

Step 3: Go to the Investment Section

Once logged in, navigate to the Investments section and select Atal Pension Yojana.

Step 4: Fill Out the Application Form

Complete the application form by providing the necessary personal details and other required information.

Step 5: Complete the KYC Process

Submit the required documents for KYC (Know Your Customer) verification.

Step 6: Wait for Document Verification

Your documents will be verified, and your Atal Pension Yojana account will be created.

Step 7: Start Making Contributions

Once your APY account is activated, you can start making contributions to your account.

Step 8: Option for Offline Application

If you prefer, you can visit your nearest Union Bank branch and complete the application process offline.

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The tables below give you a description of how much you need to contribute and for how many years to enjoy pension of INR 1,000 to INR 5,000.

Age at which subscribers start contributing	Number of years that they contribute	Pension of INR 1,000 per month	Pension of INR 2,000 per month	Pension of INR 3,000 per month	Pension of INR 4,000 per month	Pension of INR 5,000 per month
18 years	42 years	INR 42	INR 84	INR 126	INR 168	INR 210
19 years	41 years	INR 46	INR 92	INR 138	INR 183	INR 228
20 years	40 years	INR 50	INR 100	INR 150	INR 198	INR 248
21 years	39 years	INR 54	INR 108	INR 162	INR 215	INR 269
22 years	38 years	INR 59	INR 117	INR 177	INR 234	INR 292
23 years	37 years	INR 64	INR 127	INR 192	INR 254	INR 318
24 years	36 years	INR 70	INR 139	INR 208	INR 277	INR 346
25 years	35 years	INR 76	INR 151	INR 226	INR 301	INR 376
26 years	34 years	INR 82	INR 164	INR 246	INR 327	INR 409
27 years	33 years	INR 90	INR 178	INR 268	INR 356	INR 446
28 years	32 years	INR 97	INR 194	INR 292	INR 388	INR 485
29 years	31 years	INR 106	INR 212	INR 318	INR 423	INR 529
30 years	30 years	INR 116	INR 231	INR 347	INR 462	INR 577
31 years	29 years	INR 126	INR 252	INR 379	INR 504	INR 630
32 years	28 years	INR 138	INR 276	INR 414	INR 551	INR 689
33 years	27 years	INR 151	INR 302	INR 453	INR 602	INR 752
34 years	26 years	INR 165	INR 330	INR 495	INR 659	INR 824
35 years	25 years	INR 181	INR 362	INR 543	INR 722	INR 902
36 years	24 years	INR 198	INR 396	INR 594	INR 792	INR 990
37 years	23 years	INR 218	INR 436	INR 654	INR 870	INR 1,087
38 years	22 years	INR 240	INR 480	INR 720	INR 957	INR 1,196
39 years	21 years	INR 264	INR 528	INR 792	INR 1,054	INR 1,318
40 years	20 years	INR 291	INR 582	INR 873	INR 1,164	INR 1,454

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