New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) celebrated the 10th anniversary of the Atal Pension Yojana (APY) by hosting its Annual Felicitation Programme in New Delhi on August 25, 2025. The event honored 44 APY Service Providers (SPs), 10 State Level Bankers’ Committees (SLBCs), and top-performing branches and Lead District Managers (LDMs) countrywide for exemplary achievements in FY 2024-25.
Key Highlights and APY Achievements
Shri S. Ramann, Chairperson of PFRDA, praised the banking fraternity’s significant role in reaching and enrolling over 1.17 crore new subscribers in the last fiscal year. APY has now crossed a total gross enrolment of 8.11 crore subscribers, with youth aged 18–25 comprising 46% of enrolments and women accounting for 55%, evidencing broad demographic reach.
-
APY boasts an Asset Under Management (AUM) exceeding ₹48,000 crore.
-
The scheme has sustained a Compound Annual Growth Rate (CAGR) of 9.12% since inception.
-
It offers a guaranteed pension ranging from ₹1,000 to ₹5,000 post-retirement, ensuring financial dignity for underserved populations.
Celebrating Excellence in Banking and Field Performance
Among Public Sector Banks, Bank of India (126%), State Bank of India (123%), and Indian Bank (118%) led APY target achievements. In private banking, IDBI Bank excelled with 145% achievement. Regional Rural Banks (RRBs) like Jharkhand Rajya Gramin Bank (393%) and Tripura Gramin Bank (351%) set outstanding performance benchmarks, alongside Cooperative Banks such as Shri Mahila Sewa Sahakari Bank (400%) and Andhra Pradesh State Co-op Bank (207%).
At the district level, top-performing LDMs hailed from Seoni (530%), Pakur (509%), Gaya (289%), and West Bengal districts Maldah (285%) and Murshidabad (268%). Leading branch performances included Indian Bank’s Mankapur Branch with 5,123 enrollments and Bank of India’s Sakra Branch with 5,050 enrollments.
Urging Continued Efforts and Financial Literacy
Shri Ramann emphasized the necessity for private sector banks to enhance subscriber persistency and promote financial education to realize pension saturation. PFRDA reiterated its commitment to deepen outreach through banks and postal departments to cover every eligible citizen.
Conclusion
As APY completes a decade of empowering millions across India with secure retirement benefits, it stands as a model of successful public-private partnership, financial inclusion, and social security. The felicitations recognize the untiring efforts of banking institutions and field personnel, consolidating India’s commitment to building a pensioned society with dignity and sustainability.
For more real-time updates, visit Channel 6 Network.
Source: PIB
