Atal Pension Yojana (APY): What will happen to my deposited amount if I stop investing in Atal Pension Yojana?

Atal Pension Yojana (APY) is a central government-run pension scheme, which is also known as a post office scheme. It offers a guaranteed minimum monthly pension of Rs 1000, 2000, 3000, 4000 or 5000 at the age of 60 depending on your investment. Any person between the age of 18 years to 40 years who is not a taxpayer can invest in it. The investment amount varies according to age.

To avail the benefit of APY, it is necessary to invest in this scheme for at least 20 years.

But suppose you started investing in the APY scheme and you stopped your investment after a long time.

Now, will the amount that has been deposited for a few years be refunded or not?

Is the facility of premature exit available in APY?

This question often arises in people's minds. Know about it here-

Is there a facility of pre-mature exit in APY?

If you start investing in Atal Pension Yojana, but are not able to continue it for a long time and want to stop it midway i.e. want to do pre-mature exit, you also get this option in this scheme.

But in case of premature exit, only the amount deposited by you in your account is returned to you. You do not get the money deposited by the government.

When will your APY account be closed?

If for some reason you have not been able to pay your installment; you do not want to make a premature exit and want to continue the account, then you don't need to worry.

Even if you are not able to pay some of the installments in between, your account will not be closed immediately.

You can continue the installment later by paying penalty.

But if you do not deposit any amount for 6 consecutive months, your account is sealed.

If you do not deposit the amount for a year, the account is deactivated, and if you do not deposit the amount for two years, your account is closed by the government.