As of August 21, there were over 8.11 crore gross enrollments under the Atal Pension Yojana (APY), with over 1.17 crore new subscribers joined in FY 2024–2025, the government announced on Monday.
In its tenth year, the APY attained the fastest-ever 50 lakh subscribers in a single fiscal year, with 46% of enrolled youngsters being between the ages of 18 and 25.
Here, the APY Annual Felicitation Program was organized by the Pension Fund Regulatory and Development Authority (PFRDA). The PFRDA Chairperson, S. Ramann, urged all parties involved to keep up their diligent efforts to create a pensioned society.
He acknowledged the vital assistance provided by the banking community and explained that APY is a strong and long-lasting pension plan, with over Rs 48,000 crore in assets under management (AUM) and a 9.12% compound annual growth rate (CAGR) since its launch.
In order to reach pension saturation, he asked all institutions—private sector banks in particular—to step up their efforts, become more persistent, and promote financial literacy.
All states and Union Territories have been included in the nationwide implementation of APY.
It is quickly becoming more and more well-liked by the nation’s younger generation and female population. Women made up 55% of all enrolled students in FY 2024–2025.
The banking community showed exceptional dedication to APY’s development in FY2024–2025.
Indian Bank (118 percent), State Bank of India (123 percent), and Bank of India (126 percent) were the top-performing public sector banks. Punjab and Sind Bank (106 percent) and Union Bank of India (103 percent) were next in line.
With a performance of 145%, IDBI Bank was the best in the “Major Private Banks” category.
Regional Rural Banks (RRBs) were the leaders, with Tripura Gramin Bank (351 percent) and Jharkhand Rajya Gramin Bank (393 percent) setting records. Punjab Gramin Bank (157 percent), Andhra Pradesh Grameena Bank (152 percent), and Assam Gramin Vikash Bank (149 percent) also had impressive results.
With millions of people turning to APY as a reliable retirement option, PFRDA underlined its dedication to collaborating closely with banks and post offices to guarantee that all eligible citizens are covered by the program, ensuring a respectable future for all.