Secure your future with Atal Pension Yojana and its benefits

Securing your future financially is one of the most important things to consider. It is not just about being financially independent or blessed in the present. It is also not about how much balance you have in your BHIM app.

It is about managing your money better to ensure a secure independent life and fulfill specific essential needs. What’s the point of earning money if it doesn’t allow you to relax a little in your old age?

If you have already invested in something reliable, work in an organized sector, or have a social security scheme you can rely upon, you have your future secured. But for people working in unorganized sectors, there’s no social scheme or employer’s fund they can depend on after their working days.

What is an unorganized sector, and why is the scheme focused on this section?

When we talk about an unorganized sector, it means any small business or enterprise owned by a household or group of private individuals engaged in selling and producing goods and services. The company usually has less than ten workers.

  • These businesses don’t have legal status or formal access to government schemes or financial aid.
  • The work is more labor intensive, and the individuals are compensated poorly.
  • Moreover, there’s no system of paid leaves, unlike in the organized sector.

There was no pension scheme for individuals working in an unorganized sector to fall back on in their old age until Atal Pension Yojana APY.

Although, any citizen can benefit from this scheme. Read more about the eligibility criteria below.

What is Atal Pension Yojana?

Released as a part of the 2015-16 budget, Atal Pension Yojana, or APY, is a pension scheme for individuals aged 18-40. It is administered by PFRDA (Pension Fund Regulatory and Development Authority).

Under this scheme, individuals aged 18-40 can contribute a certain amount every month as the premium for the plan. After attaining 60, the individual will be eligible for a minimum of Rs. 1000 to Rs. Five thousand per month, depending on the size of premiums.

The Government will also co-contribute the premium of up to Rs. 1000 for people not covered by any social security scheme and are not income taxpayers.


  • Aged between 18-40 years
  • Have a savings bank account
  • Aadhar card and registered mobile number

How can you register for the APY scheme?

The easiest way to register for the scheme is using the Airtel Thanks app.

Airtel Thanks is a money bank app for recharge, online payment, money transfer, shopping for certain products, etc.

You can also link the app to your BHIM app for instant payments.

Steps to register for the APY scheme using the Airtel Thanks app

  • Download the Airtel Thanks app and register.
  • Head to the ‘Pay’ section and open an Airtel Payments Bank Savings Account. It is a digital account approved by RBI. It would help if you had a quick document and video verification to open the account.
  • After registering, head to the ‘Shop’ > Financial Services > Atal Pension Yojana.
  • As a money bank app, Airtel offers excellent financial services. Register for the scheme. Pay your first premium using your savings bank or your linked BHIM app.
  • Pay your monthly premiums on time using the Thanks app.
  • Relax in your 60s!

Also, educate and assist your house help or other individuals in unorganized sectors to register for the scheme using the Airtel Thanks app!