The government has made a major change to the registration form for this groundbreaking pension scheme. From October 1, 2025, only the New Customer Registration Form will be accepted to join APY. This change was made in accordance with the guidelines of the Pension Fund Regulatory and Development Authority (PFRDA) to make the system more transparent and prevent fraudulent registrations. Now, all applicants applying through the postal department will have to fill out the new form.
3 Important Changes in the New APY Form
This new form meets PFRDA’s transparency and digital integration requirements.
1. FATCA/CRS Declaration Mandatory
The FATCA/CRS Declaration has now been made mandatory in the new form. This is to ensure that the applicant is not a citizen or tax resident of any foreign country. This rule strengthens international financial transparency.
2. Only Indian residents will be able to open an account
Now, only Indian citizens will be able to register for the Atal Pension Yojana through the post office. Since these accounts are linked to post office savings accounts, this rule applies to residents.
3. Form Format According to Protean (NSDL)
The new form has been developed to meet the requirements of Protean eGov (NSDL). This change is intended to simplify, simplify, and digitally integrate the registration process.
What is the Atal Pension Yojana (APY) and who can invest
The Atal Pension Yojana (APY) is for Indians who are not eligible for tax under the income tax bracket. This scheme provides financial security to those in the unorganized sector in their old age. Under this scheme, you have to make regular contributions until the age of 60, and after that, you start receiving a pension. Under APY, you receive a monthly pension ranging from ₹1,000 to ₹5,000. The amount of pension you receive depends on your total contribution. If you’re between 18 and 40 years old and not an income taxpayer, you can also enroll in this extraordinary scheme.
How much monthly contribution do you need to make for a ₹5,000 pension
If you’re eligible for this scheme, you might be wondering how much you’ll need to invest each month. This depends on two factors: first, the age at which you join the scheme, and second, how much pension you expect to receive after 60.
Example
Suppose you’re 18 years old and want a monthly pension of ₹5,000 after the age of 60. This would require a monthly contribution of approximately ₹210. If you join at age 40, you’ll need to pay a monthly premium of approximately ₹1,454 for a ₹5,000 pension. Your premium depends on your age. The earlier you start contributing, the lower your premium will be.
What will your family receive upon the investor’s death?
The Atal Pension Yojana (APY) ensures the financial security of the family even upon the investor’s death. If the investor dies after the age of 60, their spouse will continue to receive the same pension amount for life. If both the investor and their spouse die, the entire corpus deposited in the plan is returned to their nominee in a lump sum. This plan provides long-term financial security to the family.