Linking Aadhaar Card to Pension Schemes

Indian government allowed linking Aadhaar Card to various pension schemes.

The Government of India actually have introduced a range of new schemes as part of its 2015-2016 budget reform proposals. For example:


To find out about these particular schemes and how to link your Adhaar Card to those pensions, we have provided some helpful information for you.


aadhaar-card-pension-schemes-linking-300x169 Linking Aadhaar Card to Pension Schemes

Details about the Pension Schemes

1/Atal Pension Yojana (APY)

The Atal Pension Yojana (APY) is a pension scheme aimed at any citizens of India who work in the private sector and are not enrolled in any existing social security. If you join up to the APY scheme, you will be entitled to receive a monthly amount of Rs 1000-5000 each month on retirement. The amount you receive will depend on how much you contribute to the scheme and for how long.

The APY scheme is open to all adults between the ages of 18-40, not in receipt of social security. This means that the minimum period of contributions is 20 years as the pension cannot begin until the recipient reaches 60 years of age. APY began on 1 June 2015 and all members of the Swavalamban scheme have automatically transferred to this new scheme. You need to have your own bank account. There are other benefits. These are:

  • The government funds the pension
  • For up to 5 years, the government will match 50% of a member’s contributions
  • The government will add up to Rs 1000 a year to an individual’s pension fund

2/The Pradhan Mantri Suraksha Bima Yojana (PMSBY)

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a life and accident insurance plan that offers protection and cover against accidental death or injury. It gives cover on a year-to-year basis and is available to all bank account holders between the ages of 18-70 years of age.

3/The Pradhan Mantri Jeehan Jyoti Yojana (PMJJY)

The Pradhan Mantri Jeehan Jyoti Yojana (PMJJY) is a health and life insurance scheme that offers cover for death due to any reason. It is available to all bank account holders between the ages of 18-50 years of age. In the event of death, the subscriber’s beneficiary will be entitled to a sum of Rs 2 lakhs. The annual premium which is payable to join the PMJJY scheme is Rs 330.

Why do you need a bank account to join these schemes?

As the APY, PMSBY and PMJJY schemes deal with pension and insurance, subscribers need to make monthly or annual payments into the schemes until they are able to, or need to, withdraw funds from them. Therefore a bank account is necessary so that payments can be made automatically.

Benefits of linking Aadhaar Card to Pension schemes

It’s a matter of security and convenience. Linking your Aahar Card to your bank account brings you increased protection against the threat of identity fraud and theft. It means that the pension and insurance schemes are also secure and it’s much easier to make payments and withdraw funds when you need to.

To apply for the schemes, you can apply via the websites of ATY, PMSBY or PMJJY:

  1. Download and complete the form
  2. Submit your completed application to your bank

Or, you can apply directly to your bank, who will be able to provide with the necessary forms to apply for linking Aadhaar card to pension schemes.

You can find more information here:


Atal Pension Yojana (APY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Jeehan Jyoti Yojana (PMJJY)

Rad also Download your Aadhaar Card duplicate

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