Fixed & recurring deposits

Atal Pension Yojana

Atal Pension Yojana is a Government of India guaranteed pension scheme distributed by Bank of Baroda. An eligible Indian citizen aged 18–40 contributes until age 60 and chooses a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000; the applicable contribution depends on entry age and payment frequency.

Return / pension treatmentAPY is a government-guaranteed pension scheme, not an interest-bearing deposit; the published benefit is a fixed monthly pension of ₹1,000 to ₹5,000 from age 60.Senior-citizen rateNot applicable — APY eligibility is restricted to subscribers joining between ages 18 and 40; it does not publish a separate senior-citizen rate.Contribution periodSubscribers contribute from 20 to 42 years, depending on entry age 40 to 18; pension starts at age 60.

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✓ Manually checked 28 Sept 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Subscriber age18 to 40 yearsView source

The official page states the subscriber age range.

Source: Atal Pension Yojana
Page / section: — Who can subscribe
Accessed: 21 Aug 2026
Confidence: high

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Pension start age60 yearsView source

The official page states the pension begins after age 60.

Source: Atal Pension Yojana
Page / section: Introduction
Accessed: 21 Aug 2026
Confidence: high

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Guaranteed monthly pension₹1,000 / ₹2,000 / ₹3,000 / ₹4,000 / ₹5,000View source

The official lists the five pension choices.

Source: Atal Pension Yojana
Page / section: — What is Atal Pension Yojana?
Accessed: 21 Aug 2026
Confidence: high

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Income-tax payer eligibilityNot eligible to join from 1 October 2022Effective 1 Oct 2022View source

The official page cites the Government notification effective 1 October 2022.

Source: Atal Pension Yojana
Page / section: Lite / eligibility amendment
Accessed: 21 Aug 2026
Confidence: high

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Atal Pension monthly pensionAPY provides a fixed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 from age 60, selected through the subscriber’s contribution schedule. Nomination is available and PRAN is issued immediately by the branch.View source

The official Introduction and sections publish the five pension choices and age 60 start.

Source: Atal Pension Yojana
Page / section: Introduction /
Accessed: 23 Aug 2026
Confidence: high

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Atal Pension eligibilityAn Indian citizen aged 18 to 40 with a savings-bank or post-office savings-bank account may subscribe, provided the person is not an income-tax payer. Since 1 October 2022, a person who is or has been an income-tax payer is not eligible; only one APY account may be opened.Effective 1 Oct 2022View source

The official and Lite sections publish the age, account, taxpayer and single-account conditions.

Source: Atal Pension Yojana
Page / section: / Lite
Accessed: 23 Aug 2026
Confidence: high

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Atal Pension contribution scheduleThe official table shows contribution duration of 42 years at age 18, reducing to 20 years at age 40; for the ₹5,000 pension option, the monthly contribution shown ranges from ₹210 at age 18 to ₹1,454 at age 40. Earlier subscribers may require lower monthly contributions than later entrants.View source

The official contribution table publishes age, contribution years and ₹5,000-pension examples.

Source: Atal Pension Yojana
Page / section: Introduction — contribution table
Accessed: 23 Aug 2026
Confidence: high

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Atal Pension accessExisting customers can enrol through Bank of Baroda’s web APY portal; the bank also states that enrolment is available through bob WORLD, BOB Internet, a branch or TAB banking. Eligible NPS-Lite Swavalamban subscribers aged 18 to 40 can migrate to APY.View source

The official enrolment sections publish channels and -Lite migration eligibility.

Source: Atal Pension Yojana
Page / section: Lite / Enrol
Accessed: 23 Aug 2026
Confidence: high

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Contribution periodSubscribers contribute from 20 to 42 years, depending on entry age 40 to 18; pension starts at age 60.View source

The official contribution table lists 42 years at age 18 and 20 years at age 40, with pension after age 60.

Source: Atal Pension Yojana
Page / section: Introduction — contribution table
Accessed: 29 Aug 2026
Confidence: high

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The official page publishes fixed pension choices rather than a deposit interest rate.

Source: Atal Pension Yojana
Page / section: Introduction /
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Senior-citizen rateNot applicable — APY eligibility is restricted to subscribers joining between ages 18 and 40; it does not publish a separate senior-citizen rate.View source

The issuer limits new subscribers to age 18–40 and gives no senior-citizen rate.

Source: Atal Pension Yojana
Page / section: — Who can subscribe
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Minimum contributionMonthly contribution starts at ₹42 for the age-18, ₹1,000-pension option; the exact amount varies by entry age and selected pension.View source

The first row of the official contribution table shows ₹42 monthly for age 18 and ₹1,000 pension.

Source: Atal Pension Yojana
Page / section: Introduction — contribution table
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Exit termsExit before age 60 is permitted under the APY rules; the page does not state a penalty amount. Death and government-specified exit conditions apply separately.View source

The official says early exit is permitted but does not publish a numeric penalty.

Source: Atal Pension Yojana
Page / section: — Exit before age 60
Accessed: 29 Aug 2026
Confidence: high

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PayoutFixed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 begins at age 60; on subscriber death, the spouse receives the pension and the nominee receives the accumulated pension wealth under APY rules.View source

The official page lists five guaranteed monthly pension choices payable after age 60.

Source: Atal Pension Yojana
Page / section: Introduction /
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Contribution frequencyContributions can be scheduled monthly, quarterly or half-yearly under APY rules; Bank of Baroda debits the linked savings account according to the frequency selected by the subscriber.Effective 28 Aug 2023View source

The official permits monthly, quarterly and half-yearly contribution frequency based on the subscriber’s earning pattern.

Source: National Pension System Trust — Frequently Asked Questions
Page / section: on contribution frequency; pages 8–9
Accessed: 28 Sept 2026
Confidence: high

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PRAN and enrolment channelsThe subscriber receives a Permanent Retirement Account Number (PRAN) immediately through the branch. Existing Bank of Baroda customers can enrol through the web APY portal, bob WORLD, BOB Internet, a branch or TAB banking; eligible NPS-Lite/Swavalamban subscribers aged 18–40 can migrate through the prescribed form and branch process.View source

The page states that PRAN is provided immediately by the branch and lists web, app, internet, branch and TAB routes.

Source: Atal Pension Yojana — current Bank of Baroda product page
Page / section: Introduction; Lite; Enrol for Atal Pension Yojana
Accessed: 28 Sept 2026
Confidence: high

Open official source ↗

Account and tax rulesA savings-bank or post-office savings-bank account is mandatory, only one APY account may be opened by an individual, and an Indian citizen who is or has been an income-tax payer on the application date cannot open a new APY account from 1 October 2022. NRI applicants may join if they meet the same conditions.Effective 1 Oct 2022View source

The official covers the account requirement, one-account rule, tax-payer restriction and eligibility.

Source: / Trust
Page / section: Eligibility and account-rule
Accessed: 28 Sept 2026
Confidence: high

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Spouse and nominee benefitsAfter the subscriber dies, the spouse receives the same guaranteed monthly pension until the spouse’s death. After both subscriber and spouse die, the nominee receives the pension wealth accumulated up to the subscriber’s age 60. If the subscriber dies before 60, the spouse may continue contributions for the remaining vesting period or the corpus may be paid to the spouse/nominee under the APY rules.View source

The official describes the three guaranteed benefits and the two death-before-60 options.

Source: / Trust
Page / section: Benefits and death-before-60
Accessed: 28 Sept 2026
Confidence: high

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Exit before age 60Voluntary exit before age 60 is permitted. The subscriber receives contributions made plus accrued income after account-maintenance charges. A subscriber who joined before 31 March 2016 and received Government co-contribution does not receive that co-contribution or its accrued income on voluntary exit.View source

The specifies the refund basis and the treatment of historical Government co-contribution.

Source: / Trust
Page / section: Voluntary exit before 60
Accessed: 28 Sept 2026
Confidence: high

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PFRDA service standardsThe PFRDA guidelines effective 1 April 2026 set maximum T+2 for subscriber registration, T+1 for the first contribution after PRAN activation, T+2 for contribution remittance, T+5 for complete service requests, T+7 for voluntary exit and T+12 for death exit. Delays attract the guideline’s specified compensation, including 8% per annum for contribution/exit delays and ₹5 per day capped at ₹100 for a complete service request.Effective 1 Apr 2026View source

The 21-page operational guideline publishes the maximum TATs and compensation rows for registration, contributions, service requests and exit processing.

Source: Operational Guidelines dated 27 February 2026
Page / section: Pages 9–15, Schedule service requirements and compensation
Accessed: 28 Sept 2026
Confidence: high

Open official source ↗

Contribution debit and overdue handlingFor subsequent contributions, the debit cycle runs within the first 10 calendar days of the selected month, quarter or half-year and continues on working days until collection. Due instalments are recovered first on a first-in-first-out basis, with the fixed overdue charge applicable under APY rules; the exact overdue amount is not published in the reviewed 2026 guideline.Effective 1 Apr 2026View source

The guideline specifies the first-ten-calendar-day debit cycle, FIFO recovery and applicable overdue charges without stating a universal rupee amount.

Source: Operational Guidelines dated 27 February 2026
Page / section: Pages 4–5 and 11–12, contribution management
Accessed: 28 Sept 2026
Confidence: high

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Current exit ruleThe 18 August 2025 Gazette amendment inserts that detailed APY exit modalities will be specified by PFRDA in consultation with the Government. The customer-facing early-exit and death-benefit treatment is therefore shown from the current PFRDA FAQ and the 2026 operational guideline rather than inferred from the amendment alone.Effective 18 Aug 2025View source

The Gazette inserts the current rule that detailed exit modalities are specified by in consultation with the Government.

Source: Gazette amendment to Atal Pension Yojana notification dated 18 August 2025
Page / section: Pages 1–2, inserted paragraph 14
Accessed: 28 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

Government-guaranteed monthly pension from age 60
The spouse receives the same pension after the subscriber’s death
The nominee receives the accumulated pension wealth after the subscriber and spouse die
PRAN is provided by the branch
Monthly, quarterly and half-yearly contribution frequencies are available under rules

Eligibility

Indian citizen aged 18–40 on the application date
Savings-bank or post-office savings-bank account is required
A person who is or has been an income-tax payer on the application date cannot open a new account from 1 October 2022
Only one account per individual is permitted; eligible family members may open their own accounts
applicants may join if they meet the same conditions
Nominee details are mandatory and Aadhaar may be furnished for identification/authentication

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

subscriber registration form
Savings-bank or post-office savings-bank account details
and identity/address evidence required by the bank
Nominee and spouse details where applicable
Aadhaar may be provided at enrolment or later for authentication
For -Lite migration: existing PRAN and migration form
For exit/death claims: the prescribed form and supporting documents

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Money deposited onceThe amount you plan to place in the deposit today.₹one lakh rupees₹1,000₹1,00,00,000Yearly interest rateThe percentage the deposit earns in one year.%0.5%15%How long you keep itThe period before the deposit reaches maturity. months3 months120 months

Money at maturity₹1,38,042one lakh thirty-eight thousand forty-two rupees

Money you put in₹1,00,000one lakh rupees

Interest earned₹38,042thirty-eight thousand forty-two rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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TableAge at entryChoose column

18 · Years of contribution₹42forty-two rupees

This value is copied from Atal Pension Yojana — monthly contribution schedule. Check the table notes before relying on it.

Source: Atal Pension Yojana — current Bank of Baroda product page · Introduction, contribution table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 23 rows · 7 columnsAtal Pension Yojana — monthly contribution scheduleThe complete age-of-entry, contribution-period and monthly contribution table displayed on the current Bank of Baroda page. Amounts are rupees per month for the selected guaranteed pension.View tableHide table

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Atal Pension Yojana — monthly contribution schedule
Age at entry	Years of contribution	₹1,000 pension / month	₹2,000 pension / month	₹3,000 pension / month	₹4,000 pension / month	₹5,000 pension / month
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1087
38	22	240	480	720	957	1196
39	21	264	528	792	1054	1318
40	20	291	582	873	1164	1454

Atal Pension Yojana — current Bank of Baroda product page · Introduction, contribution table · accessed 28 Sept 2026Open official source ↗

Table 2 · 9 rows · 3 columnsAPY operational service standards effective 1 April 2026Customer-relevant processing timelines and compensation from the PFRDA APY Operational Guidelines. These are service standards for the Bank/PoP, not a promise of pension payout timing.View tableHide table

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APY operational service standards effective 1 April 2026
Activity	Maximum timeline	Compensation for delay / condition
Subscriber registration and PRAN activation	T+2 from receipt of the Subscriber Registration Form	8% p.a. of initial contribution for the delay, credited to the PRAN
Initial contribution deduction	T+1 from PRAN activation by the CRA	8% p.a. of the contribution for the delay, credited to the PRAN
Subsequent contribution debit cycle	Within first 10 calendar days of the selected month/quarter/half-year; collection continues on working days	Overdue charges follow the applicable rates; no universal rupee amount is published in this guideline
Contribution remittance to Trustee Bank	T+2 from deduction from the subscriber’s savings account	8% p.a. of the contribution for the delay, credited to the PRAN
Complete service request with documents	T+5 from receipt at branch/nodal office	₹5 per day, capped at ₹100, credited to the PRAN
Voluntary exit	T+7 from receipt of the exit request	8% p.a. of exit proceeds for delay; greater proven loss is also made good
Exit due to death	T+12 from receipt of prescribed forms and supporting documents	8% p.a. of exit proceeds for delay; greater proven loss is also made good
Direct grievance intake	Upload to the CRA grievance system on the same day	Resolution follows the grievance regulations and amendments
Linked account for exit credit	Must remain active until proceeds are credited	Prevents returned funds caused by premature account closure

Operational Guidelines dated 27 February 2026 · Pages 9–15, Schedule service requirements and compensation · effective 1 Apr 2026 · accessed 28 Sept 2026Open official source ↗

Atal Pension Yojana

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