PFRDA has taken various initiatives for the expansion of outreach and ease the operations under APY. Online facility to view Statement of Account and ePRAN card was enabled for the ease access of account of APY subscribers, going ahead  mobile applications for empowering the subscribers to view transactions and other details of their APY account was introduced. For the Convieince of the subscriber  and promoting the digital initiatives of GOI, PFRDA introduced the online registration facility through eNPS Channel by login to a website www.enps.nsdl.com without any requirement of physical document.

Now, the subscribers’ base under the Atal Pension Yojana (APY) has reached more than 80 Lakhs and growing at a good pace. PFRDA appreciates the efforts taken out by the APY Service Providers (Banks/DoP) for their contribution towards making India a Pensioned Society. It notable that last two financial years achievement under APY has been achieved in the month of December itself.

APY became operational from 1st June, 2015 and is available to all citizens of India in the age group of 18-40 years. Under the scheme, a subscriber would receive a minimum guaranteed pension of ₹ 1000 to ₹ 5000 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  spouse,  the accumulated pension wealth is returned to the nominee.

The APY Scheme follows the same investment pattern as applicable to the NPS contribution of Central Govt employees.  During the year 2016-17, it has earned a return of 13.91%.

At  present  233  Banks  and  Department  of  Post  are  involved  with  the implementation  of  the  scheme. Besides  the  branches  of  the  banks  and CBS  enabled  offices  of  India  Post,  quite  a  few  banks  are  sourcing subscribers  through  their  internet  banking  portals  in  a  paperless environment. Now APY can also be opened through a complete digital channel through eNPS platform. Currently 15 Banks are offering registration services through eNPS channel including State Bank of India(SBI). A subscriber can view and print the ePRAN card and Statement of Transactions. Further, the subscriber can register complaints/ grievance by providing his/ her PRAN details on https://npslite-nsdl.com/CRAlite/grievanceSub.do.

The highest contributing State is Uttar Pradesh with 11.41 APY account followed by Bihar & Tamil Nadu.8.87 lakh & 6.60lLakh subscribers respectively.

Atal Pension Yojana offers a guaranteed pension with digital registration, online account access, and an online grievance mechanism. Atal Pension Yojana provides a guaranteed pension payable to subscribers and their spouse, with accumulated pension wealth payable to a nominee on the death of both; the scheme uses the same investment pattern as NPS contributions for central government employees. Operationally, APY has established digital access (ePRAN and account statements), mobile applications, online registration through a fully digital eNPS channel without physical documents, and an online grievance mechanism, supported by a network of banks and post offices to expand outreach.