The number of subscribers of the government's Atal Pension Yojana (APY) crossed 3.30 crore-mark by August 25, the Pension Fund Regulatory and Development Authority (PFRDA) said on Wednesday.
More than 28 lakh new APY accounts have been opened during the current financial year.
Overall, enrolments under APY crossed 3.30 crore as on August 25, 2021, PFRDA said in a release.
The scheme was launched by Prime Minister Narendra Modi on May 9, 2015, primarily targeting those working in the unorganised sector. Any citizen having a savings account with a bank or post office in the age group of 18-40 years can join the scheme.
A guaranteed pension scheme of the government, APY ensures Rs 1,000 to Rs 5,000 per month pension, depending upon the contribution made, to a subscriber from the retirement age of 60 years.
Public sector banks accounted for the highest number of APY subscribers at over 2.33 crore, as per PFRDA data.