Union Bank of India Atal Pension Yojana Last Updated : 17 Oct 2019

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.

Features & 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.

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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