{"id":494003,"date":"2026-05-20T11:17:17","date_gmt":"2026-05-20T11:17:17","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/494003\/"},"modified":"2026-05-20T11:17:17","modified_gmt":"2026-05-20T11:17:17","slug":"only-8-of-atal-pension-yojanas-subscribers-opt-for-%e2%82%b95000-monthly-slab-87-choose-minimum-sum-of-%e2%82%b91000","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/494003\/","title":{"rendered":"Only 8% of Atal Pension Yojana\u2019s subscribers opt for \u20b95,000 monthly slab; 87% choose minimum sum of \u20b91,000"},"content":{"rendered":"

About 87% of Atal Pension Yojana\u2019s subscribers have opted for the minimum assured sum of \u20b91,000 per month, while only a little over 8% have chosen the highest slab of \u20b95,000, according to data released by the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday.<\/p>\n

Of over 90 million gross enrolments in the scheme as of 13 May, 79.4 million chose the \u20b91,000 monthly pension slab and about 7 million subscribers selected the \u20b95,000 pension option, according to the data.<\/p>\n

The gap across pension slabs<\/a> in the scheme, launched by Prime Minister Narendra Modi on 9 May 2015, remains significant. The \u20b92,000 pension category had 2.6 million subscribers, or 3% of the total, while the \u20b93,000 and \u20b94,000 slabs had 1.2 million and 458,698 subscribers, respectively.<\/p>\n

According to M. Nagaraju, secretary in the Department of Financial Services, APY had more than \u20b954,000 crore of assets under management, with a record 13.5 million subscribers added during FY26.<\/p>\n

Gender-wise, males accounted for 51.43% of the subscribers and females 48.54%. The scheme had 26,192 transgender subscribers.<\/p>\n

S. Ramann, chairperson of PFRDA<\/a>, underlined the growing importance of retirement preparedness and highlighted the significant rise in enrolments among the 18-25 age group, reflecting increasing awareness among youth regarding long-term financial security. He emphasized the need to strengthen subscriber engagement and pension awareness across the country.<\/p>\n

Age-wise data showed the highest participation from younger subscribers. The 21\u201325-year category accounted for 27.6% of the enrolments, followed by the 26\u201330-year segment with 24.1% and subscribers aged 31 to 35 at 19.15%.<\/p>\n

Persistency rate<\/strong><\/p>\n

\u201cThe high concentration of subscribers in the entry-level pension slabs under the Atal Pension Yojana<\/a> reflects the scheme’s massive success in making secure retirement benefits affordable and accessible to low-income households,\u201d said Rahul Singh, associate professor at O. P. Jindal Global University. \u201cAs financial literacy, incomes and savings capacity improve over time, a gradual movement towards higher pension categories can also be expected.\u201d<\/p>\n

APY is open to all Indian citizens aged 18 to 40, except those who are or have been income-tax payers. The government guarantees subscribers a monthly pension upon reaching age 60. The pension amount is determined by a subscriber\u2019s entry age and monthly contributions.<\/p>\n

The scheme had a persistency rate of 50.1% as of 31 March, indicating that almost half the subscribers did not regularly maintain their contributions. Among public sector banks, Punjab National Bank recorded the highest persistency rate at 57%, followed by Bank of Baroda and UCO Bank at 56% each.<\/p>\n

Among private sector lenders, Karur Vysya Bank topped the list with 76% persistency, followed by South Indian Bank at 75% and Federal Bank at 73%.<\/p>\n","protected":false},"excerpt":{"rendered":"About 87% of Atal Pension Yojana\u2019s subscribers have opted for the minimum assured sum of \u20b91,000 per month,…\n","protected":false},"author":2,"featured_media":494004,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[177],"tags":[215425,215426,215428,20146,79,18,19,17,215427,215429,234,235,48963,24875],"class_list":["post-494003","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-span-classwebrupee-span5","tag-000-monthly-slab","tag-000-sum","tag-atal-pension-yojana","tag-business","tag-eire","tag-ie","tag-ireland","tag-minimum-span-classwebrupee-span1","tag-persistency-rate","tag-personal-finance","tag-personalfinance","tag-pfrda","tag-subscribers"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116606628396190172","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/494003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=494003"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/494003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/494004"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=494003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=494003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=494003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}