Atal Pension Yojana Closure Guide

Atal Pension Yojana Closure Online

Follow these steps to close your APY account online:

1. Visit the official NPS CRA website.
2. Navigate to NPS Lite/APY and select Atal Pension Yojana.
3. Go to the Forms section and choose Withdrawal and Continuation.
4. Download the appropriate form:
   • Voluntary Exit APY Withdrawal Form
   • APY Death & Spouse Continuation Form
5. Fill in your PRAN, name, bank details, and reason for closure.
6. Attach required documents (ID proof, address proof, age proof, bank proof).
7. Upload the form via bank/PFM portal or submit physically.
8. Wait for verification (may take a few weeks).
9. Funds will be credited to your bank account.

Atal Pension Yojana Closure Offline

1. Visit your bank branch.
2. Request the closure form.
3. Fill in required details.
4. Attach documents.
5. Submit to bank and collect acknowledgment.
6. Wait for processing.
7. Receive funds in your bank account.

Exit Guidelines

• On attaining 60 years of age
• On death of subscriber
• In case of critical illness or voluntary exit

Documents Required

• Death certificate (if applicable)
• KYC documents
• Bank details
• Relationship proof

How to Exit APY

Subscriber’s Death

• Close account and receive corpus
• Or continue account as spouse

Voluntary Exit

• Only personal contributions + returns are paid
• No government contribution (except illness cases)

Exit Due to Illness

Includes serious conditions like:

• Cancer
• Kidney failure
• Stroke
• Heart surgeries
• Paralysis
• Blindness
• Other critical illnesses

Conclusion

Closing an APY account requires careful steps and proper documentation. It is always recommended to consult a financial advisor before making a decision, as it may impact your long-term financial security.