Lok Sabha Question No. 1246 (UNSTARRED), answered on 2025-07-28
Subject: Accounts closed under APY
Ministry: FINANCE
Asked by: Dr. Shivaji Bandappa Kalge, Shri Bhumare Sandipanrao Asaram, Shri Gyaneshwar Patil

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

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## LOK SABHA UNSTARRED QUESTION NO. 1246

ANSWERED ON MONDAY, 28 JULY, 2025/ SRAVANA 6, 1947 (SAKA)

## ACCOUNTS CLOSED UNDER APY

## 1246. Shri Gyaneshwar Patil Shri Bhumare Sandipanrao Asaram Dr. Shivaji Bandappa Kalge

Will the Minister of Finance be pleased to state:

- (a) the number of accounts under the Atal Pension Yojana (APY) across the country, particularly in Maharashtra and the percentage of such accounts closed since the launch of the said Scheme State-wise;
- (b) whether such accounts have been opened without the explicit consent of the subscribers and if so, the steps being taken to address the said issue;
- (c) the  reasons  for  discontinuation  of  the  accounts  by  the  subscribers  other  than  the  financial constraints or dissatisfaction with returns, particularly in Maharashtra along with the details thereof; and
- (d) whether the Government proposes to review and modify the design of the Scheme to increase participation and address the concerns related to assured returns and inflation?

## ANSWER

## MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHAUDHARY)

- (a) The gross enrolments under the Atal Pension Yojana (APY) as on 30.06.2025 across the country are 7,89,19,845 and in Maharashtra are 75,51,130. The State-wise details of gross enrolments under APY and the percentage of such accounts closed since inception, is at Annexure A.
- (b) Under APY, a subscriber submits request on a single-page subscriber registration form where he/she  is  required  to  mention  savings  bank  account  details,  personal  details,  and  pension  details (pension amount and frequency of contribution) and authorize the bank to debit the bank account till the age of 60 for making payment under APY as applicable based on age and the pension amount selected.
- (c) While closing the APY account, the subscribers are required to provide the reasons for closing the account. Inability to pay contributions and requirement of funds urgently are major reasons cited by subscribers for account closure.

The returns since inception as on 18.07.2025 are more than 9%.

(d) In order to enhance the participation under APY, the Central Government had co-contributed 50% of the total contribution or Rs. 1000 per annum, whichever was lower, to each eligible subscriber, for a period of 5 years, i.e., from Financial Year 2015-16 to 2019-20, who had joined Scheme before 31.03.2016, and who were not members of any statutory social security scheme and who were not income tax payers.

Further, the Scheme was appraised and it was decided that for better targeting of the scheme, from 01.10.2022 an income tax payer is not eligible to join APY.

APY is a defined benefit scheme and provides fixed minimum pension guarantee for the subscribers. Various activities are undertaken for increasing coverage under APY, which inter-alia include:

- i. Periodic  advertisements  are  published  in  print,  electronic,  and  social  media  for  awareness creation.
- ii. Physical APY outreach program and townhall meetings are organised at various locations pan India.
- iii. Virtual capacity building programs for Banking Correspondents (BCs) and field staff of Banks, Self Help Group (SHG) members, bank-sakhis of State Rural Livelihoods Missions (SRLMs) are being organised to propagate APY to eligible beneficiaries.
- iv. Engagement with various Ministries of Government of  India, National Centre for Financial Education  (NCFE),  National  Bank  for  Agriculture  and  Rural  Development  (NABARD), National Rural Livelihood Mission (NRLM), and SRLM to spread awareness and coverage of APY.

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## Lok Sabha Unstarred Question No. 1246 regarding 'Accounts closed under APY' to be answered on 28.07.2025

State-wise gross enrolments under APY and the percentage of such accounts closed since inception

| Name of State / UT              | Enrolled as on 30.06.2025   | Closed Accounts as on 30.06.2025   | Closed to Enrolled Ratio (%)   |
|---------------------------------|-----------------------------|------------------------------------|--------------------------------|
| Andaman &Nicobar Islands        | 13,933                      | 1,398                              | 10.03%                         |
| Andhra Pradesh                  | 39,49,135                   | 6,98,558                           | 17.69%                         |
| Arunachal Pradesh               | 36,701                      | 3,659                              | 9.97%                          |
| Assam                           | 18,91,745                   | 2,07,314                           | 10.96%                         |
| Bihar                           | 69,75,567                   | 10,26,924                          | 14.72%                         |
| Chandigarh                      | 77,100                      | 13,768                             | 17.86%                         |
| Chhattisgarh                    | 14,96,622                   | 1,78,936                           | 11.96%                         |
| Delhi                           | 9,38,915                    | 1,68,221                           | 17.92%                         |
| Goa                             | 1,09,221                    | 13,923                             | 12.75%                         |
| Gujarat                         | 27,95,794                   | 4,16,947                           | 14.91%                         |
| Haryana                         | 17,47,733                   | 3,56,428                           | 20.39%                         |
| Himachal Pradesh                | 5,78,505                    | 91,932                             | 15.89%                         |
| Jammu and Kashmir               | 2,51,705                    | 38,379                             | 15.25%                         |
| Jharkhand                       | 23,60,738                   | 3,42,895                           | 14.52%                         |
| Karnataka                       | 44,63,614                   | 5,96,066                           | 13.35%                         |
| Kerala                          | 15,10,171                   | 2,12,632                           | 14.08%                         |
| Ladakh                          | 6,817                       | 726                                | 10.65%                         |
| Lakshadweep                     | 3,224                       | 330                                | 10.24%                         |
| Madhya Pradesh                  | 46,46,920                   | 8,41,008                           | 18.10%                         |
| Maharashtra                     | 75,51,130                   | 10,56,015                          | 13.98%                         |
| Manipur                         | 67,830                      | 6,607                              | 9.74%                          |
| Meghalaya                       | 76,881                      | 8,123                              | 10.57%                         |
| Mizoram                         | 30,107                      | 3,324                              | 11.04%                         |
| Nagaland                        | 39,979                      | 5,672                              | 14.19%                         |
| Odisha                          | 29,51,999                   | 3,62,507                           | 12.28%                         |
| Puducherry                      | 1,03,708                    | 13,624                             | 13.14%                         |
| Punjab                          | 22,91,996                   | 4,84,056                           | 21.12%                         |
| Rajasthan                       | 41,79,142                   | 6,46,051                           | 15.46%                         |
| Sikkim                          | 43,826                      | 5,286                              | 12.06%                         |
| Tamil Nadu                      | 51,31,275                   | 7,27,973                           | 14.19%                         |
| Telangana                       | 24,83,192                   | 3,28,047                           | 13.21%                         |
| Dadra &Nagar Haveli &Daman &Diu | 41,663                      | 4,457                              | 10.70%                         |
| Tripura                         | 2,92,787                    | 25,891                             | 8.84%                          |
| Uttar Pradesh                   | 1,28,54,402                 | 26,41,258                          | 20.55%                         |
| Uttarakhand                     | 8,47,665                    | 1,65,895                           | 19.57%                         |
| West Bengal                     | 60,78,103                   | 10,19,470                          | 16.77%                         |
| Grand Total                     | 7,89,19,845                 | 1,27,14,300                        | 16.11%                         |

Source: PFRDA