Question

What is the maximum age for joining the Atal Pension Yojana?
1. 45 years
2. 50 years
3. 35 years
4. 40 years

Answer 1

Correct Answer - Option 4 : 40 years

The correct answer is 40 years.

• The maximum age is 40 years. This is because the minimum contribution period is 20 years. At the age of 60, you will start receiving your pension.

•  The age limit for joining APY is 18-40 years, meaning those aged 18 years or above but below 40 years can join this pension scheme.
  • For a guaranteed pension of Rs 5000/month, a person joining at the age of 39 years will have to make a half-yearly contribution of Rs 7778.
  • The total yearly contribution of such subscribers will be Rs 7778×2 = Rs 15,556.
  • Those joining at the age of 25 years and 30 years will have to make half-yearly contributions of Rs 2219 and Rs 3405 respectively.