APY is a guaranteed pension scheme of the Government of India to provide the security of a pension for people in the unorganised sector and is administered by the PFRDA 2. Atal Pension Yojana (APY) is open to citizens of India who hold a bank account.3. The minimum age of joining APY is 18 years and maximum is 40 years. Subscribers will receive a pension of either Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 or Rs 5,000 a month at age 60, depending on contribution, which is based on age of joining the APY.5. To receive a pension of Rs 5,000, a person who joins at 18 will make a monthly contribution of Rs 210 while a person who joins at age 35 will contribute Rs 902.

Source: Economic Times January 29, 2018 00:56 UTC