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How to Exit APY Atal Pension Yojana Before 60 2026
APY Exit - before age 60 only for terminal illness, death (nominee). Voluntary exit not normally allowed.
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About This Guide
Atal Pension Yojana (APY) early exit conditions: 1) Subscriber's death - nominee gets corpus + pension option. 2) Terminal illness - subscriber gets full corpus. 3) Voluntary exit - generally NOT allowed for govt-co-contribution period. Otherwise: own contributions returned + interest at savings bank rate. Apply via bank where APY held.
Eligibility Criteria
- APY subscriber
- Specific conditions met
- Aadhaar mandatory
- Bank account
- PRAN active
Documents Required
Keep these documents ready before starting application. Missing documents = delayed approval.
- PRAN
- Aadhaar
- Bank passbook
- Death certificate (nominee claim)
- Medical certificate (terminal illness)
- Photo
- Application Form for Exit (in bank)
Step-by-Step Application Process
Follow these steps in order. Each step is critical - skip none.
Visit Bank
Where APY account.
Determine Exit Condition
Death of subscriber / Terminal illness / Voluntary.
Death Case (Nominee)
Death cert + nominee KYC. Two options: A) Lump sum corpus B) Pension to spouse/nominee.
Terminal Illness Case
Medical cert. Subscriber gets full corpus + interest.
Voluntary Exit
Limited. Own contributions returned. No govt co-contribution.
Submit Form
Application + documents.
Key Benefits
- Multiple exit options
- Death benefit to nominee
- Terminal illness exit
- Voluntary exit possible
- Corpus returns
- Pension continuation option
- Govt-backed
- Bank-mediated
What Happens After Application?
30-60 days settlement.
Frequently Asked Questions
Voluntary exit penalties?
Yes - govt co-contribution forfeit. Own contributions returned with savings bank interest only. Discouraged.