Spouse Now Eligible for Pension Under Atal Pension Yojana(APY)

Published Date - 11 September 2017 05:09:26 Updated Date - 25 October 2017 06:17:39

Atal pension Yojana works in a similar manner in which the government used to give its employees after retirement.  sarkari naukar used to get a pension amount after retirement and after he died the pension used to be transferred to his or her spouse.

 This kind of system was a well defined social security structure. As most of the women in the past used to be home maker and were dependent on their husband for all finances. And the wives of the Government employees were the most secured because they were eligible to get their husbands share of pension till they die in piece.

Atal pension Yojana works in a similar manner if you have opted for any of your desired fixed pension amount then you would get that fixed Atal Pension after you have attained the age of 60 years and after you have dies then your wife would continue to get the pension.

The government has made a very important amendment to the  Atal pension Yojana  which now allow spouse to receive the pension benefits in case of premature (before 60 years of age) death of the subscriber.

The amendment has been made after receiving feedback from various quarters across the country. The option of handing over the lump-sump amount to the nominee/spouse in case of premature death was not preferred by many. Instead, people want to continue contributing after the death and receive pension benefits after the subscriber would have turned 60 years of age.

In case of death of both subscriber and spouse, the nominee will be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber.


The spouse will now be able to continue the contribution to the plan for remaining period and receive same pension benefits after the subscriber would have completed 60 years.

In exceptional circumstances, that is, in the event of the death of beneficiary or specified illness, as mentioned in the PFRDA (Exit and withdrawals under the National Pension System) Regulations, 2015, before the age of 60 years, the accumulated pension wealth till date would be given to the nominee or the subscriber as the case may be.

Features of Atal Pension Yojana

A fixed monthly pension amount starting from Rs. 1000, Rs. 2000, Rs. 3000, Rs. 4000 and up to Rs. 5000 can be received by subscribers, every month after their retirement at the age of 60, until the death of the subscriber. After the death of the account holder, the spouse will be entitled to get the exact same pension amount as the subscriber, until the death of the spouse. The nominee will receive the entire pension amount accrued by the account holder after the death of the subscriber and his spouse. This fixed pension amount varies yet again with the contribution the subscriber has made previously. To get the maximum benefit from the Atal Pension Yojana scheme, individuals should join this plan at the age of 18 and contribute, till they turn 40. Depending on this, the maximum period of contribution would be 20 years or above.

Subscriber Contribution Amount for Atal Pension Yojana

If a new subscriber starts contributing at the age of 18, the monthly amount required will be Rs. 42 every month to receive a pension amount of Rs. 1000. The monthly contribution amount will differ according to the tenure of payment, depending on when the individual joins the APY scheme. Subscribers can contribute monthly through the auto-debit facility available on any bank account in India. If a customer fails to pay the monthly contribution amount, then he can re-enter the Atal Pension Yojana scheme by paying the interest rate and the pending principal amount for that exact time period.


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