Atal Pension Yojana Account Closure Form - Summary
The Atal Pension Yojana (APY) Account Closure Form is essential for individuals who want to exit the Atal Pension Yojana scheme, which was launched in 2015 to support workers in the informal economy. Managed by the Pension Fund Regulatory and Development Authority, this scheme enables workers in the unorganized sector to save voluntarily for their retirement.
Enrolling in the Atal Pension Yojana at a young age can significantly boost your retirement savings. The age criteria for the scheme are set between 18 and 40 years.
How To Close Your Atal Pension Yojana Account
If you’re looking to close your Atal Pension Yojana account, follow these simple steps:
- Visit the bank where your APY account is opened.
- Fill out and submit the account closure form.
- Wait for the bank to process your request.
- Once processed, the funds and any interest earned will be transferred to the designated bank account, and you will receive a notification from the bank.
Withdrawal Procedure After Reaching 60 Years
When you reach the age of 60, it’s time to request withdrawal from your APY account. You can either opt for a higher monthly pension or the assured minimum monthly pension. If your returns exceed the guaranteed returns, you’ll receive a higher pension. In the event of the subscriber’s death, the spouse—the legal nominee—will continue to receive the same monthly pension. Should both the member and spouse pass away, another appointed nominee will be eligible to receive the pension amount.
If you want to close your Atal Pension Yojana account, simply download the Atal Pension Yojana Account Closure Form PDF using the link provided below.
-
PMJJBY Claim Application Form Hindi
-
GDS Leave Application Form 2025
-
HDFC ERGO Claim Form
-
Punjab Pension Scheme Form Punjabi
-
Application Form for Special Cash Package in Lieu of LTC
-
Axis Bank Customer Request Form
-
SBI PPF Deposit Form
-
Bankable Loan Yojana Form Guajrat Gujarati