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 25^th 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 25^th 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 25^th 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.

Guaranteed pension scheme Atal Pension Yojana reports rising enrolments and expanded outreach via digital tools and bank networks. Atal Pension Yojana enrolments exceeded 3.30 crore as of 25 August 2021 with over 28 lakh new accounts in early FY 2021-22. PFRDA reported category-wise bank and state-level enrollment, noted demographic trends (high female participation and many entrants aged 18-25), and emphasized outreach measures including mobile app upgrades, Umang deployment, multilingual subscriber materials, and planned campaigns. The scheme permits citizens aged 18-40 with savings accounts to join through banks or post offices and provides a guaranteed pension from age 60, spousal pension rights, and return of accumulated pension wealth to nominees on death of both lives.