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Home News News and Press Release Month 9 2021 2021 (9) This
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Atal Pension Yojana total enrolments crossed 3.30 crore

September 1, 2021
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Atal Pension Yojana total enrolments crossed 3.30 crore

More than 28 lakh subscribers enrolled in first five months of current FY 2021-22

Under the Atal Pension Yojana (APY), a guaranteed pension scheme of Government of India and administered by PFRDA, more than 28 lakh new APY accounts have been opened during current FY 2021-22. Overall, enrolments under APY has crossed 3.30 crore as on 25th August 2021.

The year on year Bank Category wise number of APY enrolments is as follows:

Category of Banks
As on
(March 31, 2016)
As on
(March 31, 2017)
As on
(March 31, 2018)
As on
(March 31, 2019)
As on
(March 31, 2020)
As on
(March 31, 2021)
Additions from
April 1, 2021
to August 25, 2021
As on
(August 25, 2021)
Public Sector Banks
1,693,190
3,047,273
6,553,397
10,719,758
1,56,75,442
2,12,52,435
20,74,420
2,33,26,855
Private Banks
218,086
497,323
873,901
1,145,289
15,62,997
19,86,467
77,875
20,64,342
Small Finance Bank & Payment Bank
 
 
 
57372
359761
853914
224705
1078619
Regional Rural Banks
476,373
1,115,257
1,987,176
3,171,152
43,30,190
57,10,770
4,21,104
61,31,874
Cooperative Banks
21,903
33,978
45,621
54,385
70,556
80,073
4,554
84,627
DOP
75,343
189,998
245,366
270,329
3,02,712
3,32,141
7,774
3,39,915
Total
24,84,895
48,83,829
97,05,461
1,54,18,285
2,23,01,658
3,02,15,800
28,10,432
3,30,26,232

The Top Banks having more than 1 lakh APY enrolments during current FY 2021-22 are:

Sr. No.

Bank Name

Number of APY accounts enrolled between April 1, 2021 to August 24, 2021

1

State Bank of India

7,99,428

2

Canara Bank

2,65,826

3

Airtel Payments Bank Limited

2,06,643

4

Bank Of Baroda

2,01,009

5

Union Bank of India

1,74,291

6

Bank Of India

1,30,362

7

Indian Bank

1,13,739

8

Central Bank of India

1,04,905

9

Punjab National Bank

1,01,459

The Top states having more than 10 lakh enrolments under the APY as on 25th August 2021 are:

Sr. No

State Name

Number of APY enrolments

1

Uttar Pradesh

49,65,922

2

Bihar

31,31,675

3

West Bengal

26,18,656

4

Maharashtra

25,51,028

5

Tamil Nadu

24,55,438

6

Andhra Pradesh

19,80,374

7

Karnataka

19,74,610

8

Madhya Pradesh

19,19,795

9

Rajasthan

16,16,050

10

Gujarat

13,50,864

11

Orissa

12,45,837

Out of the total enrolments under APY as on 25th August 2021, nearly 78% subscribers have opted for ₹ 1,000 pension plan while around 14% for ₹ 5,000 pension plan. Further, around 44% are female subscribers and also around 44% subscribers getting enrolled are very young and belong to the age-group of 18-25 years.

In the recent past, PFRDA has undertaken new initiatives like addition of new features in the APY mobile App and its availability on Umang platform, updation of APY FAQs, issuance of APY Subscriber Information Brochure and APY Citizen Charter in 13 regional languages for expanding the outreach of the APY Scheme and for the benefit of existing and potential APY subscribers as well as APY service providers.

Encouraged by the increasing number of enrolments under the Scheme since its inception, PFRDA will continue its endeavour to popularize the scheme through organization of various APY Campaigns at national and State level, coordination with State Level Bankers’ Committee (SLBCs) and National Rural Livelihood Mission ( NRLM), advertisements through print, socail & electronic media etc. in the FY 2021-22 to take total enrolments under APY to greater heights and contribute towards making India a pensioned society.

About APY

The APY allows any Citizen of India between the age group of 18-40 years to join through the bank or post office branches where one has the savings bank account. Under the scheme, a subscriber would receive a minimum guaranteed pension of ₹ 1,000 to ₹ 5,000 per month, depending upon his contribution, from the age of 60 years. The same pension would be paid to the spouse of the subscriber and on the demise of both the subscriber and the spouse, the accumulated pension wealth as accumulated till age 60 of the subscriber is returned to the nominee.

The scheme is distributed through 266 registered APY Service-Providers consisting of various categories of banks and Department of Posts. As this scheme is only available to applicants with a savings bank account, therefore, PFRDA regularly advises all banks to promote the scheme for its outreach to their existing and prospective customers.

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